How Many Eth Coins Will Exist In Total : Cryptocurrency
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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 >>
History Of Ethereum: How It's Set To Overtake Bitcoin By 2018
History of Ethereum: How it's set to overtake Bitcoin by 2018 PeopleMine Facebook LinkedIn Twitter Email Print Ethereum has been characterised by a lot of volatility in recent times. At the moment this guide is being written this cryptocurrency has just suffered one more 'shock' that saw its price fall sharply and rise again in a short period of time (less than 24 hours). But what is ethereum? Why is it that we need to start paying attention to it? And why is it set to overtake bitcoin by 2018? In this guide we will answer these questions and more. We need to start in the beginning. The infographic below traces the history of Ethereum and identifies the key events that lead it to emerge as one of the most important cryptocurrencies. Starting in 2013, the infrastructure started to be built that would allow this new coin to pose a major threat to the main 'rival': bitcoin. Let's then trace the origins and evolution of Ethereum and lay the foundations for why, in our opinion, Ethereum is set to overtake bitcoin by 2018. How Ethereum is Set to Overtake Bitcoin in 2018 In order to understand how ethereum is set to overtake bitcoin we will introduce key ethereum concepts first. Once this is done we will address the core issue of concern in this guide: why we think ethereum will be the most important cryptocurrency in 2018. Ethereum' a term that often works the tongue while pronouncing it. But yet, it is a word that we must become accustomed to in the new found world of blockchain technology. By definition, Ethereum is a decentralized platform that runs smart contracts. The platform was developed by Ethereum Foundation, a Swiss non-profit, with some expert advice from great minds across the globe. The platform dawns us to a new found world of blockchain technology where all a Continue reading >>
How Many Ether Will Be Produced?
I'm having a hard time finding a concrete answer to this question. How many ether will be produced? Is there a cap on the amount of ether that will be produced, and if so, what is it? What are the characteristics of the halvings? I'm considering buying ether but want to know before buying it, especially because I believe ether is currently in a hype bubble. 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. So, I'd suggest you not to hold them for a long time. Quote from: g-unit on March 26, 2016, 03:44:06 PM I'm having a hard time finding a concrete answer to this question. How many ether will be produced? Is there a cap on the amount of ether that will be produced, and if so, what is it? What are the characteristics of the halvings? I'm considering buying ether but want to know before buying it, especially because I believe ether is currently in a hype bubble. No hard cap. No halving. Only unlimited supply. tl;dr - The technology is valuable in Ether. The token is valuable in Bitcoin. So, HODL bitcoin & learn ether. what i understood from their website, is that after a set time the mining algo is going to change from what it is right now and from then on the mining reward is going to be reduced so the creation of new coins will be slowed down but still there will be a huge amount available by then. it says nothing about the maximum number though!! ITT FUDsters intentionally spreading misinformation 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 r Continue reading >>
Ethereum Mining Is Profitable, But Not For Long
Ethereum mining is profitable, but not for long Venture Capital | Investment Analysis | Deal sourcing + Execution. Previously founded and exited a profitable tech company in India You can also reach me at @shekhartee You can create a community post just like Shekhar here . This is a constant question, especially now that the price of Ethereum is rising. This year, Ethereum has seen an almost 20x jump in price. This increase has led people, who hadnt considered cryptocurrency, to sit down and become suddenly extremely interested. When this happens, I believe that most of the biggest profits have already been made. People have been mining the coin for months or years, and they have probably seen some tremendous gains, especially if they have a decent-sized operation. OK, lets get back to the question: Is it worth it to start mining? If you are just hearing about Ethereum and interested in maybe jumping onboard, this can be a very difficult question and the answer depends on a lot of factors. Well, hopefully, this article will help you get an idea of whether it is good to mine Ethereum. In elementary terms, Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. I remember a friend once came up to me and asked, Is bitcoin and Ethereumsimilar? Well, sort of, but not really. Like bitcoin, Ethereum is a distributed public blockchain network. There are, of course, some significant technical differences, but the most important is that they differ substantially in purpose and capability. Bitcoin offers one application a peer-to-peer electronic cash system that enables bitcoin payments. The Ethereum blockchain can support many different types of decentralized applications. Wait, if it is a n Continue reading >>
Ether 'most Promising' Crypto Hits Fresh, All-time High
Ether 'Most Promising' Crypto Hits Fresh, All-Time High I am a financial writer and consultant who focuses on investments. Ether prices climbed to their latest all-time high. Shutterstock Ether, a cryptocurrency which has shown significant promise for its strong technology and compelling use cases,recently reached a fresh, all-time high. The digital currency rose to as much as $1,430.81 at 19:09 UTC,according to CoinMarketCap . At this point, the cryptocurrency had climbedroughly 15% in the last 24 hours,additionalCoinMarketCap figures show. The price of Ether had pulled back slightly at the time of report, trading at$1,421.19. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Several analysts spoke to the potential offered by Ether and its platform, Ethereum. "Ethereum is currently the most promising blockchain," saidMati Greenspan, senior market analyst for social trading platform eToro , emphasizing that it has"by far the most projects being developed on it." The Ethereum platform has "3x more transactions than bitcoin," noted Marius Rupsys, a figure that shows its popularity. The use case for Ether, which powers the Ethereum platform, is "simply far more compelling that the use case for BTC," saidTim Enneking, managing director of Crypto Asset Management . Market analysts also emphasized the key role that Ether is playing in ICOs when explaining why the digital currency's recent price increases. "There are a large number of ERC20 ICOs launching on Ethereum this month, as the ERC20 framework makes launching tokens simply and smooth," saidChris Keshian,co-founder of the Apex Token Fund , a tokenized crypto fund-of-funds. "These ICOs resul Continue reading >>
Ethereum Price Can Reach $2,000 If This Happens
Ethereum Price Can Reach $2,000 If This Happens When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln. When Ether reaches a price of $2,000 , we are looking at a market capitalization of around $188 bln. Although this is significantly higher than today, an eight-time increase, it is still relatively small if we compare it to the market capitalization of a company like Facebook, $492 bln. Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark . Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment , this isnt enough. The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second. Additionally, it will allow decreasing transaction cost by seven orders of magnitude, making true micro-transactions on Ethereum a reality. Ether becomes easier to acquire and spend So far there are around 60 active cryptocurrency exchanges. This number is growing every single month as digital assets become more and more attractive. However, the average American is not comfortable with buy and sell limits and trading charts. Therefore, new alternatives need to arise that allow the crowd to acquire Ether. Companies like Dether are working on platforms that allow interested parties to purchase Ether directly with cash. This is definitely a big step in the right direction. At the time Im writing this article, the market capitalization of all cryptocurrencies comb Continue reading >>
How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?
How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>
Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune
Get Data Sheet , Fortunes technology newsletter. 1. Bitcoin and Ethereum are here to stay. Most people who are enthusiastic about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. In terms of 5 to 10 years, Bitcoin and Ether will be around I bet, Balaji Srinivasan told the room of more than 70 people. Peter Smith said his company, Blockchain, which was early to Bitcoin, has only just started to warm up to newcomer Ethereum. In contrast, Mike Cagney, CEO and cofounder of SoFi, a personal finance company, said during a separate session on the main stage that he was hotter on the latter technology . Bitcoin has some purpose but its application for commercial transaction is limited right now, Cagney said. The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructure applications, he continued, mentioning the possibility to overhaul title insurance, which involves policies related to real estate, as one example. 2. As yet unknown coins will hit the big time. Bitcoin and Ethereum may have stolen the show at this point, but the innovation wont end there. Expect more winners on the horizon. Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill a niche that solves problems with extant blockchains. In particular, she and her projects developers are designing Tezos to automatically push software updates out to the network, thus, in theory, avoiding the divisive feuding over upgrades that has wracked systems like Bitcoin over the past few years. No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think theres room for a multitude. Its likely that another one or two domina Continue reading >>
Mining - What Is The Total Supply Of Ether? - Ethereum Stack Exchange
In Bitcoin, the total supply is capped at 21 million BTC. Is the total supply of Ether capped? How much will be mined before the Proof of Stake (POS) transition, and how will POS affect the issuance model? I'm not sure anyone really knows the answer, as it hasn't been decided, AFAIK. Tjaden Hess Jan 25 '16 at 20:42 Thanks. Was afraid of that. Hope that gets decided soon - would vastly prefer a fixed money supply at time of Proof of Stake with mining paid for by transaction fees only. Matthew Light Jan 25 '16 at 21:02 To clarify, homestead and PoS start are not necessarily the same milestone. Makes things a little close, but in my mind that means these are not the same question. Jeff Coleman Jan 26 '16 at 5:39 60 million + 12 million + 18million = ~90million60 million - is the Pre-sale.12 million - is the dev fund, 0.2coins per 1 coin sold in the crowdsale.~18 million - 1 million coins mined per month for 18 months prior to going from POW to POS. Update #1: 91,018,773.78 (April 25, 2017). After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it). is there inflation after all coins are mined? Patoshi Feb 2 '16 at 20:55 @duckx i dont think, because the value will be high and it will keep increasing hopefully niksmac Feb 3 '16 at 2:34 @NikhilM we've seen this story before: if it doesn't take much Ether to actually create a contract then absent other drivers for demand the value will plummet. The rallies are driven purely by the low float, which is great for perception, but one must look at the risk factors for both the economics and their associated investment. Cryptocurrencies make this difficult due to the need to own them as an asset thereby Continue reading >>
Move Over, Bitcoin. Ether Is The Digital Currency Of The Moment.
DealBook |Move Over, Bitcoin. Ether Is the Digital Currency of the Moment. A virtual currency called Ether has been growing alongside Bitcoin in the last year to $35 billion, compared with Bitcoins $43 billion. Source: Coinmarketcap.com | By The New York Times The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency. The value of Ether, the digital money that lives on an upstart network known as Ethereum, has risen an eye-popping 4,500 percent since the beginning of the year. With the recent price increases, the outstanding units of the Ether currency were worth around $34 billion as of Monday or 82 percent as much as all the Bitcoin in existence. At the beginning of the year, Ether was only about 5 percent as valuable as Bitcoin. The sudden rise of Ethereum highlights how volatile the bewildering world of virtual currency remains, where lines of computer code can be spun into billions of dollars in a matter of months. Bitcoin, the breakout digital currency, is also hitting new highs one Bitcoin was worth $2,600 on Monday. But the Bitcoin community has struggled with technical issues and bitter internal divisions among its biggest supporters. It has also been tainted by its association with online drug sales and hackers demanding ransom . Against this backdrop, Ether has been gaining steam. The two-year old system has picked up backing from both tech geeks and big corporate names like JPMorgan Chase and Microsoft, which are excited about Ethereums goal of providing not only a digital currency but also a new type of global computing network, which generally requires Ether to use. In a recent survey of 1,100 virt Continue reading >>
When The Mining Of Ethereum Will Be Finished? How Many Eth Will There Be? | Faqs | Hercules.finance
Home > FAQs >When the mining of Ethereum will be finished? How many ETH will there be? When the mining of Ethereum will be finished? How many ETH will there be? Technically, mining of Ethereum will continue as long as the Blockchain exists. According to the terms agreed by all parties on the 2014 presale, Ether can be mined up to 18 million every year and the yearly issuance if fixed. About 72 million Ether was created in 2014, and since then, the number of tokens are increasing. Ethereum Foundation expects that eventuallythe rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, the death of holders etc) and there would reach an equilibrium. Also,Ethereum is expected to be switched from Proof of Work to a new consensus algorithm, called Casperwhich will have much lesser issuance amount than the current one in the near future. Hercules.Financeis a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services.With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services.By referring to Hercules.Finance, you can find all latest News/Information, Financial Technical/Fundamental Analysis, Main/Exclusive Bonus Promotionsof partnered companies and a number of Educational Materials of Finance.For the list of all partnered companies, please visit here .For more latest information of the website, please visit www.hercules.finance . Foreign Exchange and Contracts for Difference ("CFDs") are complex financial products that are traded on margin. Trading Forex & CFDs carries a high level of risk since leverage c Continue reading >>
Bitcoin Vs. Ethereum
/ 9 Comments /in Digital Literacy /by Chris Castiglione Whats the difference between Bitcoin and Ethereum? First, its important to understand that there are two categories of digital coins:Cryptocurrencies (e.g. Bitcoin, Litecoin, Monero, ZCash, etc) andTokens(e.g. Ethereum, Filecoin, Storj, Blockstack, etc.) Bitcoin is a cryptocurrency. Bitcoin and other cryptocurrencies are competing against existing money (and gold) to replace them with a truly global currency. A global currency which allows individuals to own their own money (without having to rely on national banks). Lower fees for transferring money across geographic borders. Financial stability for people who live in countries with unstable currencies. (e.g. In 2016, the Venezuelas currency hit an inflation rate of 800%). In addition, two-thirds of the current global population has no access to banking, or limited access Bitcoin is changing that. Ethereum is a token.What Bitcoin does for money, Ethereum does for contracts. Ethereums innovation is that is allows you to write Smart Contracts: basically any digital agreement where you can say if this happens, then something else happens. For example: If I vote for the President, then my vote is official and no one else can vote as me. If I sign my name on this document, then I own the car, and you no longer own the car. Up until now weve carried out these agreements with a signature at the bottom of a paper document. Ethereum dramatically improves this model because it is digital, and proof of the transaction can never be deleted. Vitalik Buterin; Other co-founders include Gavin Wood and Joseph Lubin Deflationary (a finite # of bitcoin will be made) Inflationary (much like fiat currency, where more tokens can be made over time) 12.5 at the moment. Half at every 210 Continue reading >>
Putting A Value On Ether
With the recent wholesale crash of the cryptocurrency market, many investors will be reevaluating their positions and considering the true value of Ether. Why is each Ethereum token worth $200, or for that matter why was it worth $400, and how could it possibly be worth over $1,000 as so many were claiming during the frenzied hysteria of May and June. This brief piece will look at some of the fundamental considerations of the Ethereum blockchain, which may go some way to helping you to decide on whether Ether is priced fairly, or whether it is still sitting within a giant cryptocurrency bubble. The current circulating supply of Ether at the time of publication is ~94 million. 5 Ether is minted roughly every 15 seconds (mining). However, an ice age is coming, whereby mining will become so difficult that it is no longer feasible, and Ether issuance through mining will fall to zero. Instead of mining, users will commit to staking instead (discussed further below). The Ether payout for this new consensus mechanism will have a much smaller payout, as the costs of staking are negligible compared to the costs of mining (electricity). As a result, it has been estimated that the inflation rate of Ether will be in the region of 0-3% when this new consensus mechanism called Proof of Stake comes into play in early 2018. Inflation may even be negative . When discussing demand, we are looking at clear reasons as to why an individual or institution would buy and hold Ether. Someone may wish to purchase Ether to participate in an ICO, but demand such as this is largely irrelevant as a significant proportion of Ether raised during an ICO will be sold off to pay for operating costs. The same applies to remittance markets, where the demand for Ether is quickly offset by its subsequent sa Continue reading >>
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 >>