2017 Was Bitcoin's Year. 2018 Will Be Ethereum's
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>
How To Buy & Store Ethereum The Newbie Guide
If youre new to the crypto-currency space, you may find the idea of how to buy and store Ethereum is quite disconcerting. Youre not wrong, it might be confusing. The good news is, youre in the right place! First, you need to understand Ethereum you can start over here . Now that you are sure you want to buy some Ethereum, lets explore your options. WHERE AND HOW TO BUY ETHEREUM WITH FIAT CURRENCY There are several ways you can purchase Ethereum directly with fiat currency such as USD, EUR or GBP. All you need is a debit or credit card or just a bank account that facilitates international transfers. You simply register an account on one of the recommended exchange platforms below, verify your identity, add a method of payment and youre good to go to buy some Ether. I will discuss how to store your Ether safely below. The verification process that you have to go through in order to buy Ethereum takes now much quicker that it used to and the purchasing process is slowly becoming hassle-free. Just two years ago, you had to take extreme measures to buy Ether. For example, you had to purchase Bitcoin first; then create an ETH wallet; then convert your BTC to ETH seems like its not too complicated, but then you would have to reverse this process if you wanted to convert your Ether into fiat currency. All these conversions would have costed you dearly in transaction and exchange fees (and of course time!) Now, all you have to do is just open an account on one of these recommended exchange platforms to purchase your ETH: The most popular choice is Coinbase as it allows to use your credit card to buy Ethereum directly on the website. Coinbase is a major crypto-currency exchange that offers other services as well. Apart from Ether, you can purchase Bitcoin and Litecoin you can al Continue reading >>
What Is Gas? Gas & Transaction Fees | Myetherwallet Help & Support
When you hear gas, the person is either talking about: The total cost of a transaction (the "TX fee") is the Gas Limit * Gas Price. Typically, if someone just says "Gas", they are talking about the "Gas Limit". You can think of the gas limit like the amount of liters/gallons/units of gas for a car. You can think of the gas price as the cost of that liter/gallon/unit of gas. With a car, it's $2.50 (price) per gallon (unit). With Ethereum, it's 20 GWEI (price) per gas (unit). 21000 units of gas at 20 GWEI = 0.00042 ETH. Therefore, the total TX fee will be 0.00042 Ether. Sending tokens will typically take ~50000 gas to ~100000 gas, so the total TX fee increases to 0.001 ETH - 0.002 ETH. You can use our tool to calculate GWEI <-> WEI <-> USD here , which can be helpful when you want to know your TX fee in ETH, rather than GWEI. The gas limit is called the limit because it's the maximum amount of units of gas you are willing to spend on a transaction. This avoids situations where there is an error somewhere in the contract, and you spend 1 ETH....10 ETH....1000 ETH..... going in circles but arriving no where. However, the units of gas necessary for a transaction are already defined by how much code is executed on the blockchain. If you do not want to spend as much on gas, lowering the gas limit won't help much. You must include enough gas to cover the computational resources you use or your transaction will fail due to an Out of Gas Error. All unused gas is refunded to you at the end of a transaction. So if you go to MyEtherWallet, send 1 ETH to our donation address ( ? ), and use a gas limit of 400000 you will receive 400000 - 21000* back. However, if you were sending 1 ETH to a contract and your transaction to the contract fails (say, the Token Creation Period is already Continue reading >>
How To Sell Ethereum For Usd | Beginners Guide
How to sell Ethereum for USD | Beginners Guide Whether youve earned Ethereum through mining or purchased ethereum , there may come a time where you want to cash out some of your stash for goodol fashioned U.S. dollars. I cant blame you. Sometimes you need to pay the bills, and most businesses dont accept crypto as currency (yet.) The easiest and cheapest way to sell Ethereum is by using an exchange with an ETH/USD pairing. In this brief article, Ill walk you through the selling process on three of the most popular exchanges used to sell Ethereum. Coinbase is the simplest platform to sell Ethereum on. They have web and mobile interfaces that you can use to sell, but Im only going to cover the web platform here. The steps to sell on the mobile app are almost identical. First, create a Coinbase account and enter your bank account information. After that, you need to send your Ethereum from its current wallet to your Coinbase wallet. Navigate to the Accounts tab and tap the Receive button for your Ethereum wallet. Youll be shown the public address to which you can send your funds. After sending your Ethereum to your Coinbase wallet, click on the Buy/Sell tab. Then, select the Sell option and make sure your currency is set to Ethereum. From there, you can set how much Ethereum youd like to sell and confirm your transaction. Coinbase charges 1.49% when selling into a U.S. bank account or USD Coinbase wallet. Sales to a PayPal account are hit with a 3.99% fee. Gemini is another exchange you can use to sell your Ethereum for USD. The platform is slightly more complicated than Coinbase and is only on the web. To sell Ethereum through Gemini , you first need to create a profile and attach a bank account.Next, navigate to the ETH deposit section of the platform via the TRANSFER F Continue reading >>
How To Issue Your Own Token On Ethereum In Less Than 20minutes.
Living The Crypto Future | Building Tenzorum | Making Blockchain Accessible to Everyone. The only way to survive a mad world, is to embrace the madness. How to issue your own token on Ethereum in less than 20minutes. Alright bro, are you telling me that I can issue my own Token, make an ICO, get gazilions of dollars and live the crypto-dream in less than 20 minutes? The answer is yes, but hopefully you will do better than that. With the latest news about the Blockchain, Bitcoin, Ethereum, cryptocurrencies, and ICO popping up left, right and center, this Blockchain business is garnering quite a lot of attention. So Ive put together a tutorial so that you can understand the technology much better and you can become a part of the booming crypto-economy! This is the first of a series of tutorials to help people better understand how to leverage Blockchain technologies and crypto-currencies to build meaningful applications and nurture the network. In this tutorial my objective is to walk you through the steps of setting up your account through to issuing your first token on the Ethereum network using a single smart contract and MyEtherWallet . The token will be a standard ERC20, it will have the main functions and can be used as a general base for more sophisticated applications than just transferring them (many half-serious ICOs have extremely similar contracts) WARNING: With great powers come great responsibilities. Im not responsible for you not being cautious with your ETH, or using these powers for the evil side of force. I truly hope you do good and feel empowered by the potential that this technology puts in the hands of people. There are a few different components you will need in order to build your own token. For this tutorial we will use a test network to issue t Continue reading >>
How To Do An Ethereum Transaction, & Check Your Balance? | Cryptocompare.com
How to make an Ethereum Transaction, & check your balance? Once you have managed to set up an Ethereum Miner using either your GPU or your CPU its time to start checking your balance and start trading. Were going to show you how you can check your balance in Command Prompt, how to convert between all the different values of Ether , such as the base unit Wei, and how to make your first transaction! Once you have set up your miner via running the Geth program and Ethminer program (see our guide here on how to get started), you need to open up a third Command Prompt Window. Step 1: This can be done by right clicking on the command prompt in the taskbar at the bottom of your screen and then clicking on the command prompt that appears at the top of the menu. A third command prompt should now be open. Step 2: You now need to tell this Command Prompt where to look to get up and running. Usually the command Prompt window opens looking at your user profile. If this is the case you need to tell Command Prompt to go to wherever you installed geth. In our guide we installed it straight on the C Drive so we need to tell command prompt to get back to the C Drive which we do by typing in cd C:\ and pressing enter. Step 3: You then need to tell Command Prompt what to do. In this case you need to tell it to attach to Geth. So all you type in is geth attach which should look like this C:/>geth attach and then press enter. You now have a console up and running talking to geth so you can start asking it questions or telling it to do things. Remember for"geth attach" to work you need to have anotherCommand Prompt Window runningwith "geth --rpc". If you want to find out your address you type in eth.coinbase. This should look like this C:/>eth.coinbase. Press enter and you should see your ad Continue reading >>
Ethereum Price News: Why Did Ether Hit $500? How Much Is Ethereum Today?
Ethereum price news: Why did Ether hit $500? How much is Ethereum today? Ethereum price news: Why did Ether hit $500? How much is Ethereum today? ETHEREUM soared back up past $500 today as cryptocurrency prices saw a massive spike in a crazy trading hour. Why did Ether hit $500? How much is Ethereum today? The end of an abysmal quarter for cryptocurrencies appears to be closing after a flurry of trades late Thursday night saw a major price spike. In just under an hour, prices soared across all major cryptocurrencies with Ethereum reporting some of the biggest gains in the market. Ether saw a 19.37 percent increase overnight, pushing ETH up to $504.95 as of 9am. The market-wide shift follows several months of steadily sliding prices for Ethereum, which was worth more than $1,300 in January 2018. Bitcoin price: Analyst reveals what Wall Street investment WILL mean An inexplicable flurry of activity hit the markets late on Thursday evening, boosting prices across all major currencies. Traders at8pmsaw bitcoin prices increase by more than $1,000, the coins best volume increase in its history. Ether saw the biggest increase, but other cryptocurrencies soared in price in the hour. Ripple , the third biggest coin by market cap, broke past $0.50, and Litecoin smashed into $131. The flood of green in the market is a welcome relief for traders who had come to expect gloom from cryptocurrencies. Ethereum price news: Why did Ether hit $500? How much is Ethereum today? Q1 of 2018 was the worst period for all cryptocurrencies in the markets entire history, with more than half its value being wiped off in three months. The market has struggled to rebound to earlier predictions that 2018 could be the strongest year ever. Mid-April was expected to be a strong period, with American trad Continue reading >>
A Beginner's Guide To Ethereum: Buy Ether Now Or Wait?
// -- Discuss and ask questions in our community on Workplace . Ethereum is a very important crypto in the sense that competition is always good for business. Ethereum was introduced in 2013 by a crypto researcher and developer Vitalik Buterin. It is currently the second most popular Cryptocurrency, following Bitcoin and is said to be the next Bitcoin. Ethereum differs from Bitcoin in the sense that it introduced smart contracts to the industry. It has relatively the same qualities as Bitcoin it is open-source and built on Blockchain, which defines its abilities and characteristics. Enabled by Ethereum, a smart contract is a computer algorithm that allows users to build or develop innovative tools and systems to perform various tasks. These smart contracts run on Blockchain and eliminate the need for third parties. It can save one a lot of time and money. The market is very much split in two as the majority of investors put their money in both Bitcoin and Ethereum. Ethereums token that you can trade with on exchanges is called an ether and can be bought or sold not only for Bitcoin, but also for any popular fiat currency like USD or EUR. Some cryptocurrency exchanges even offer an option of converting ETH to GBP , which can now bring you around 340 per coin. Ethereum was forked in 2016, and Ethereum Classic (ETC) was introduced to the market. There are currently talks of another fork for Ethereum Classic that is expected to happen sometime in December 2017. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // In order to determine whether or not it is a good time to invest in a Cryptocurrency, one should keep an eye on the news. News greatly affects whether a coins pric Continue reading >>
What Is Ether?
Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory, if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>
Bitcoin Block Metadata Size How Much Ethereum Hashing Power Do I Have
Bitcoin Block Metadata Size How Much Ethereum Hashing Power Do I Have The interface is basically a command line, but future versions of Ethereum network are expected to Bitcoin And Inflation How To Mining Ethereum Antminer a more user-friendly interface. If you have any further queries, please contact: Any different character would result in Neo Cryptocurrency Microsoft Project Make 10x Money Crypto different hash, hence Alice would easily find out if ABC fails to post the correct transaction. Because bitcoin is for designed for currency with out central authority. So how do stale rates affect centralization? Why does that matter? Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. On the other hand, Bitcoin transactions are limited by the maximum block size, which stands at one MB, and they compete Track Bitcoin Online Ethereum Wallet Error Ia32 with one. Author Sergio Demian Lerner Posted at Only the block that matter is the one where reveal is called, and it can be any block after the bets are closed. Even though Bitcoin is still the most dominant and valued cryptocurrency in existence, certain problems are plaguing the network. It makes no difference that the winning is less than block reward, attacker can repeat the procedure automatically until casino contract is essentially. It is important to realize that in the previously discussed use cases no data files are physically stored on the blockchain. Toward a second Block Time Introduction. This way of using the blockchain is referred to as Bitcoin 2. Approximately every seconds, a miner finds a block. So, in my opinion, it's a tradeoff game, and we would have to see how different cryptos take different paths and how it pans Cryptocurrency Platform Ethereum Send Continue reading >>
Ethereum: Everything You Want To Know Aboutgas
Gas keeps Ethereum Blockchain alive, thanks to it we can transfer Ether and other Ethereum tokens such as: GameCredits (GAME), OmiseGo (OMG) or Golem (GNT), it also allows to smart contracts to do their job. In this blogpost Im going to explain: what is Gas? how is it used? and why is it so important for the future of Ethereum? Important: Dont be misled by the Token named GAS which is something completely different. Ethereum blockchain is run by nodes that keep the blockchain state but also calculate new blocks. New blocks are needed to change Blockchains state e.g. move Ethereum from one account to another. Calculation of the new block is made by miners, to cover their effort transaction sender must pay a fee. Transaction fee depends on complexity of transaction sender wants to make, if its a regular send Ether transaction or more complex one like create smart contract (smart contract a special kind of the blockchain account, that can not only keep Ether but also computer program with its state). Sending Ether from one account to the other costs 21,000 Gas. On the other hand creating smart contract which is responsible for handling OmiseGo Token costed 1,197,977 Gas. So the more complex transaction, the more Gas we need to pay for its execution on Blockchain. Main complexity factors are: operations performed by the smart contracts code e.g. arithmetical operations data that is stored on blockchain e.g. storing information in the smart contract or updating an amount of Ether on the account We know more or less what Gas is, but how much does it cost? The answer is as always it depends. Each transaction sender (e.g. person who is sending Ether) is defining price of Gas for created transaction (e.g. 1 Gas = 0.000000001 ETH). If the price is high enough, transaction will b Continue reading >>
Noob Question... How To Check Account Balance?
I'm working out my mining rig.. Been mining for about 12 hours.. I'd like to check my account balance to verify that transfers are happening to my account but I can't seem to figure out how to check the account balance. I'm pool mining at ethpool if that makes any difference. I did put my account ID in the config file and my bat file. So I know the account is attached to my mining instance. So.. what is the way to check account balance? Continue reading >>
How To Invest In Ethereum (and Is It Too Late)
Home How To Invest In Ethereum (And Is It Too Late) How To Invest In Ethereum (And Is It Too Late) Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual monetary unit of Ethereum ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend Coinbase because it's free, has a great app, and they give you a bonus for depositing $100 . Check it out. Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect. You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoi Continue reading >>
How To Buy Ethereum (ether): Guide To Investing Ethereumprice
Join our newsletter to receive updates from EthereumPrice.org. Purchasing Ethereum can be done easily at any of the Ethereum exchanges below. Once Ether has been purchased for fiat currency (USD, EUR, GBP etc), the funds can be stored on the exchange itself or in your own secure wallet. For small purchases of Ethereum, users may wish to store their crypto on the exchange for ease-of-use. For larger purchases it is recommended that the funds are moved into a secure wallet. Alternatively, investors can trade Ethereum without having to buy and secure the currency through a CFD trading platform such as eToro . This section will expand over time and many other exchanges are also available. The Ethereum exchanges listed below all have a strong industry reputation and have operated successfully for many years. The process of purchasing Ethereum through an exchange is simple. Register an account with an exchange below, deposit US dollars, Euros etc and purchase Ether through the platform. Kraken has the world's largest cryptocurrency volume in EUR. Comparison disclosure: EthereumPrice.org provides a free (and advert-free) Ethereum price tracker. However, in order to sustain this free tool we have partnered with and receive commission from some of the platforms listed above. If you would prefer to just speculate on the price of Ether without purchasing the cryptoasset (and thus not requiring any of the associated security precautions), see this section on CFD trading for Ethereum . The process of buying Ether will vary from exchange to exchange, however the principles are very much the same. Those new to currency purchases need not be alarmed, many exchange platforms make it as easy as sending a single online payment. Register at your chosen exchange by submitting a few persona Continue reading >>
What Is Ether?
Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>