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Is Ethereum A Bitcoin?

Cryptocurrency Investing: Are Bitcoin And Ethereum Safe? | Money

Cryptocurrency Investing: Are Bitcoin And Ethereum Safe? | Money

The wild swings in the value of Bitcoin and other cryptocurrencies lately should reinforce the idea that they are not sound long-term investmentsand that investors should only buy as much as they can afford to lose. If this sounds overly cautious, consider the recent insights of someone who you might otherwise assume is a true believer in cryptocurrencies: Vitalik Buterin, the co-founder of the cryptocurrency Ethereum. Over the weekend, Buterin sent out a Tweet reminding everyone that cryptocurrencies are still a new and hyper-volatile asset class. Bitcoin, Ethereum, Ripple, and other cryptocurrencies could drop to near-zero at any time, Buterin said. Therefore, Dont put in more money than you can afford to lose. If youre trying to figure out where to store your life savings, traditional assets are still your safest bet. Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet. Vitalik "Not giving away ETH" Buterin (@VitalikButerin) February 17, 2018 Over the past 12 months, the value of Bitcoin has skyrocketed from $1,000 to nearly $20,000 , before plunging below $6,000 in early 2018. Cryptocurrencies like Litecoin, Ripple, and Ethereum dipped more than 25% in a single day recently. Essentially, Buterins message urging caution isnt all that different from those issued by cryptocurrency skeptics such as Yale economist Robert Shiller , who has frequently spoken about how unpredictable the cryptocurrency markets are. Cryptocurrencies such as Bitcoin might totally collapse and be forgotten and I think thats a good likely outcome Shiller said on CNBC earl Continue reading >>

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>

What Is Ethereum? How Bitcoins Biggest Rival Could Become The Worlds Most Valuable Cryptocurrency

What Is Ethereum? How Bitcoins Biggest Rival Could Become The Worlds Most Valuable Cryptocurrency

What is ethereum? How bitcoins biggest rival could become the worlds most valuable cryptocurrency Bitcoin is considered the gold standard of the cryptocurrency market butethereum'srise since 2017 has seen its value rise quickly The booming price of bitcoin over the last year has created a buzz around cryptocurrency thatgoes far beyond technology enthusiasts and free market libertarians. It has also helped draw attention to a number of other virtual currencies looming in its shadow, most notably ethereum. Ethereum was created in 2013 by a 19-year-old Russian programmer and launchedin 2015. For the first two years its price remained below $10. Then, in 2017, it exploded. In the space of 12 months, one unit of the cyptocurrencycalled an ether surged in value to be worth around $1,400 at its peak in January 2018. While its price has since fallen back down to around $700, many still see it as the most promising of all cryptocurrency platforms, and therefore the one that holds the most potential for future price gains. Some even believe it could one day surpass bitcoin . Ethereum has the possibility to overtake the market capitalisation, and thus value, of bitcoin, Hubert Olszewski, director of business development at Blockchain Board of Derivatives, tells The Independent. This is because from the get-go it was a more versatile tool. A smartphone displaying the current price chart for ethereum on April 25, 2018 in London, England. Cryptocurrency markets began to recover this month following a massive crash during the first quarter of 2018, seeing more than $550 billion wiped from the total market capitalisation. (Getty Images) When bitcoin became the worlds first decentralised digital currency upon its release in 2009, the world was reeling from the worst financial crisis in Continue reading >>

What Is Ethereum And How Does It Differ From Bitcoin?

What Is Ethereum And How Does It Differ From Bitcoin?

What is ethereum and how does it differ from Bitcoin? The ethereum cryptocurrencyCredit:Bloomberg Ethereum is a rising star in the cryptocurrency world. It has quickly become the second largest digital currency in just over two years, booming in value and spurring the rise of hundreds of new rivals to Bitcoin. Launched in 2015, the value of ether (ethereum's currency)has increased rapidly. It suffered a set back before Christmas 2017, suddenly dropping from $850 to around $690 -a drop of about 20 per cent. Since then it has continued to show intense volatility, hitting highs of $1400 in January before slumping to less than $560. Last year sawmonths of increase in the price of Ethereum and rival cryptocurrencies like Bitcoin and Litecoin.At the start of 2017, one coin was worth around... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking community Continue reading >>

Here's Why Bitcoin, Ethereum, And Ripple Are Plunging Today

Here's Why Bitcoin, Ethereum, And Ripple Are Plunging Today

Here's Why Bitcoin, Ethereum, and Ripple Are Plunging Today The cryptocurrency markets are having their worst day in some time on Tuesday. Not only are bitcoin (BTC-USD) and Ethereum (ETH-USD) down, or a few other major cryptocurrencies, but digital currencies are largely plunging across-the-board. In all, the cryptocurrency market has lost about $70 billion in value over the past 24 hours. The stock market's correction over the past couple of days could certainly be playing a role in the decline. In addition, a few troubling news items seem to be worrying cryptocurrency investors, which may be causing selling pressure. A person staring at a red arrow on graph trending sharply downward. Here's a look at the five largest cryptocurrencies by market capitalization, and how much each has changed over the past 24 hours. Data Source: investing.com. Prices and daily changes as of Jan. 30, 2018 at 2:15 p.m. EST, and prices are rounded to the nearest cent where appropriate. Cryptocurrency prices are down pretty much across the board. In fact, all of the top 20 cryptocurrencies are down on Tuesday. Bitcoin (BTC-USD) dropped below the key $10,000 level, and other leading cryptocurrencies were also plunging. Of the top five, only Ethereum (ETH-USD) remains in the green over the past week. One reason for the widespread decline was a Bloomberg report that a pair of subpoenas were issued to cryptocurrency-related companies. Cryptocurrency exchange Bitfinex and coin issuer Tether were reportedly sent subpoenas on Dec. 6. If you're not familiar, Tether's digital currency is supposedly backed by the U.S. dollar, and the company claims that each of its coins are backed by U.S. dollars held in reserve -- in other words, each of Tether's coins is supposedly worth $1. As of this writing, th Continue reading >>

Bitcoin Drops 28% Below $10,000 On Coinbase; Ethereum Crashes 30% In 24 Hours

Bitcoin Drops 28% Below $10,000 On Coinbase; Ethereum Crashes 30% In 24 Hours

In fact, nearly every major cryptocurrency suffered massive losses during the day. Ethereum traded at about $1,062 as of 8:12 p.m. ET. That represented a sizable rebound after hitting a low of $854 earlier in the afternoon. Coinbase is the leading U.S. marketplace for trading bitcoin, ethereum, litecoin and bitcoin cash. But at around 10:50 p.m. ET, the price of ethereum fell below $1,000 again to trade at $973. The declines followed comments from South Korean authorities that indicated tougher regulation on digital currency trading. However, there was no immediately apparent driver behind the late-afternoon decline. Bitcoin dropped 28 percent to a low of $9,969 on Coinbase, but quickly jumped back up to trade back above $11,000 as of 8:12 p.m., ET. At about 10:50 p.m. ET, bitcoin prices slipped again to trade at $10,757. Bitcoin has now nearly halved in price after topping $19,800 in mid-December. But the digital currency remains more than 1,100 percent higher over the last 12 months, according to Coinbase. Ripple , the third-largest digital currency by market capitalization, traded near $1.05 after earlier plunging 46 percent to near 90 cents, according to CoinMarketCap. Last week, the site began excluding prices from some South Korean exchanges, where ripple trades about 20 cents higher. Continue reading >>

Why Ethereum Weathered The Cryptocurrency Downturn Better Than Bitcoin

Why Ethereum Weathered The Cryptocurrency Downturn Better Than Bitcoin

Why Ethereum weathered the cryptocurrency downturn better than Bitcoin If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit. The cryptocurrency market has begun a modest recovery, but investors have nonetheless been given a stark reminder that cryptocurrencys volatility is a double-edged sword if you want to try and make it to the moon, youve got to risk crashing down to earth. One coin that has stayed relatively stable throughout the recent crash, though, is Ethereum. In fact, the value of 1 ether has actually increased by 4.9 percent since January 1, 2018, and its value relative to Bitcoin has grown by nearly 50 percent. So what is it about Ethereum that has allowed it to weather the storm and come out ahead? The short answer: Ethereum is backed by real utility that many other cryptocurrencies, Bitcoin included, simply dont have. Ethereum cofounder, Vitalik Buterin , realized that blockchain technology was capable of supporting far more than just electronic cash systems. Rather than prescribing a narrow range of functions for which users could use the blockchain, he saw the potential for a blockchain platform on which developers could build any application they like. This would allow software designers to get all the benefits of blockchain technology decentralization, inalterability, security, etc. without having to build their own personal blockchains. Thats the vision behind Ethereum, and so far its been a tremendous success. Since its release in 2015, Ethereums network has become home to thousands of decentralized applications, or dapps. Many of these dapps are sti Continue reading >>

Ethereum Vs Bitcoin: What's The Main Difference?

Ethereum Vs Bitcoin: What's The Main Difference?

12/20/2016 08:56 am ETUpdatedDec 06, 2017 Ethereum Vs Bitcoin: What's The Main Difference? While Bitcoin has long been dominant in the cryptocurrency scene, it is certainly not alone. Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications. The first thing about Ethereum is that it is not just a digital currency. It is a blockchain-based platform with many aspects. It features smart contracts, the Ethereum Virtual Machine (EVM) and it uses its currency called ether for peer-to-peer contracts. Ethereum's smart contracts use blockchain stored applications for contract negotiation and facilitation. The benefit of these contracts is that the blockchain provides a decentralized way to verify and enforce them. The decentralized aspect makes it incredibly difficult for fraud or censorship. Ethereum's smart contracts aim to provide greater security than traditional contracts and bring down the associated costs. The smart contract applications are powered by ether, Ethereum's blockchain based cryptocurrency. Ether, as well as other crypto-assets, are held in the Ethereum Wallet, which allows you to create and use smart contracts. The system has been described by the New York Times as.. "a single shared computer that is run by the network of users and on which resources are parceled out and paid for by ether." Implement Smart Contracts With Your Own Cryptocurrency Ethereum allows you to create digital tokens that can be used to represent virtual shares, assets, proof of membership and more. These smart contracts are compatible with any wallet, as well as exchanges that use a standard coin API. You can copy the code from Ethereum's website and then use your tokens for many purposes, including the repr Continue reading >>

What Is Ethereum? Here Is What You Need To Know

What Is Ethereum? Here Is What You Need To Know

Read: What is a blockchain? Gary Explains Ethereums currency is called Ether. Is currently the second largest in the world in market cap, behind Bitcoin. There are reportedly around two million wallets that hold it, up from 1.6 million in May showing the growing popularity of Ether. How is it different from Bitcoin? Bitcoin aims to become a globally adopted currency that could improve or even replace conventional money. Ethereum, on the other hand, is more than a cryptocurrency. Its also a ledger technology used to build decentralized applications (dapps) with smart contracts. What is ethereum What are smart contracts? Smart contracts are programs that automatically execute exactly as they are set up by their creators. Their purpose is to offer more security by removing the middlemen that we would otherwise have to use. Confused? Lets take a look at a simple example. Lets say you want to ship a large gift to your friend and hire a trucker to do the job. For the trucker to know youll pay them, and for you to be sure the delivery will be made, you both sign an agreement for shared peace of mind. This takes time and can be expensive, as you need someone who will draw up the paperwork for you, and so on. This process can be simplified with a smart contract. You make the payment the day the package is picked up, and the smart contract automatically transfers the money to the trucker as soon as your friend confirms the delivery has been made. What is ethereum How is Ether created and where can I get it? How much do Ethers really cost? Ethers were cheap when introduced back in 2015 you could get one for less than a dollar. Their price has risen over the years and currently stands at around $430 each (exact value can be found in the widget below). The sharp increase means Ethe Continue reading >>

Bitcoin News: Bitcoin Cash Rise, Ethereum's Demise Not Surprising Says Crypto Expert

Bitcoin News: Bitcoin Cash Rise, Ethereum's Demise Not Surprising Says Crypto Expert

Bitcoin News: Bitcoin Cash rise, Ethereum's demise not surprising says crypto expert Bitcoin News: Bitcoin Cash rise, Ethereum's demise not surprising says crypto expert ETHEREUM'S loss in 2018 could be Bitcoin Cashs gain according to a new report that combines data from trusted industry-specific sources, and google search popularity. BTC's 'halcyon days are over' as experts blame $400 million sale The report predicts a massive rise in the value of Bitcoin Cash, and a fall in once unique Ethereum. In a report titled Cryptocurrencies: Past, Present and Future researchers claim to use historical data and a "data-driven algorithm" to predict that Bitcoin Cash will hit "$2000 per unit by May 2018, marking from the beginning of the data set, a 130 percent jump in price. The research is less optimistic about Ethereum s future price, which they say, "will plummet by more than $237 per unit in the next month or so." ETH has lost a staggering 47.22 percent in value so far this month and is now priced at $459, a shadow of the $1,338.67 high hit in December. Ethereum originally stood out for allowing 'blocks' to be created quicker, but compare that to the likes of Bitcoin Cash, or even for transaction speed - Ripple and Litecoin - and suddenly even that isn't so unique anymore. Callum Blanchard, Cryptocurrency Data Specialist Callum Blanchard, Cryptocurrency Data Specialist for Cryptocurrency: Past, Present and Future says that it's not hugely surprising to see Ethereum falling. He said cryptocurrencies are currently feeling the threat of regulations, as well as the fact that there are constant warnings about their inherent volatility - which can easily spook people and prevent them from investing. On Ethereums place in the family of digital currencies, Mr Blanchard says Ethereum Continue reading >>

Crypto Market In The Red, Bitcoin Falls Below $8,000, Ethereum Dips Below $500

Crypto Market In The Red, Bitcoin Falls Below $8,000, Ethereum Dips Below $500

Crypto Market In The Red, Bitcoin Falls Below $8,000, Ethereum Dips Below $500 Cryptocurrency markets go red, Ethereum has sank below the $500 mark for the second time in the last 30 days, Bitcoins is below $8,000. Monday, March 26: Cryptocurrency markets have accelerated the downward trend that started yesterday , and are currently in the red. Ethereum (ETH) dipped below the $500 level for the second time this month after reaching close to $600 on March 24. Bitcoin is below $8,000. Total market capitalization has dropped to $303 bln at press time, the top-10 digital currencies listed on Coinmarketcap are in red. While it managed to reach $9,000 on March 24, Bitcoin (BTC) has seen a 7.58 percent drop over a 24 hour period, trading at $7,990.84 at press time. BTC lost 22 percent of its value over the last month, according to Cointelegraph price index . Ethereum, which lost 9.04 of its value over 24 hours, has dipped below $500 twice this month. ETH has lost over 45 percent over the past 30 days, and is currently trading at $480.46. Cardano (ADA) and NEO have lost more than 12 percent over a 24 hour period, trading at $0.162 and $57.30 respectively at press time. EOS , which previously saw almost 60 percent growth over a week, has lost 16.56 percent in the past 24 hours. At press time EOS is trading at $5.52. After a week of growth, crypto markets are seeing a significant downturn that started yesterday . Last week, the US Internal Revenue Service (IRS) warned crypto investors to report their cryptocurrency earnings on their income tax returns, stating that virtual currency is considered property and is thus subject to federal taxes. Continue reading >>

What Is Ethereum? A Step-by-step Beginners Guide

What Is Ethereum? A Step-by-step Beginners Guide

If you want to know what is Ethereum and how it works and what it can be used for, without going deep into the technical abyss, this guide is perfect for you. Important Note: This guide assumes a basic understanding of blockchain technology. If youre unfamiliar with blockchain, check out this step by step introduction for beginners . Beyond Bitcoin & first generation decentralized applications Although commonly associated with Bitcoin , blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today. [Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one. Sally Davies, FT Technology Reporter Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible. At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Is Ethereum similar to Bitcoin? Well, sort of, but not really. Like Bitcoin , Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capabil Continue reading >>

Why Is Ethereum Different To Bitcoin?

Why Is Ethereum Different To Bitcoin?

Ethereum differs from Bitcoin in 7 main ways: 1. In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol. 2. Ethereum has a slightly different economic model than Bitcoin Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum. 3. Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the block size. 4. Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility. 5. Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five . 6. Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation. Continue reading >>

How Ethereum Works - Coindesk

How Ethereum Works - Coindesk

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series Now that we've covered what ethereum is, let's dive deeper into how the platform functions under the hood. Consider the online notebook application described in " What is Ethereum? " Using ethereum, the appdoesn't require one entityto store and control its data. To accomplish this, ethereum borrows heavily from bitcoin's protocol and its blockchain design, but tweaks it to support applications beyond money. Ethereum aims to abstract away bitcoin's design, however, so that developers can create applications or agreements that have additional steps, new rules of ownership, alternative transaction formats or different ways to transfer state. The goal of ethereum's 'Turing-complete' programming language is to allow developers to write more programs in which blockchain transactions could govern and automate specific outcomes. This flexibility is perhaps ethereum's primary innovation, as explained in the guide " How Ethereum Smart Contracts Work ". The structure of the ethereum blockchain is very similar to bitcoin's, in that it is a shared record of the entire transaction history. Every node on the network stores a copy of this history. The big difference withethereum is that its nodes store the most recent state of each smart contract, in addition to all of the ether transactions. (This is much more complicated than described, but the text below should help you get your feet wet.) For each ethereum application, the network needs to keep track of the 'state', or the current information of all of these applications, including each user's balance, all the smart contract code and where it's all stored. Bitcoin uses unspent transaction outputs to track who has how muchbitcoin. While it sounds more complex, the id Continue reading >>

Bitcoin And Ethereum Have A Hidden Power Structure, And Its Just Been Revealed

Bitcoin And Ethereum Have A Hidden Power Structure, And Its Just Been Revealed

Bitcoin and Ethereum have a hidden power structure, and its just been revealed Close examination reveals how power is being consolidated across their networks. In cryptocurrency circles, calling something centralized is an insult. The epithet stems from Bitcoin creator Satoshi Nakamotos revelation: a monetary system doesnt need a central authority, like a government, to work. Thats such a potent idea that its morphed into a battle among crypto-enthusiasts between goodthat is, decentralized currencies and evil ones, or anything with a whiff of centralization, that are assumed to threaten the utopian view of cryptocurrencies as the vehicle for a new financial world order. Do these arguments hold any water? Emin Gn Sirer , a cryptocurrency expert at Cornell University, says in many cases the jurys still outmainly because no ones bothered to take a hard look at how decentralized these networks actually are. This piece first appeared in our new twice-weekly newsletter, Chain Letter, which covers the world of blockchain and cryptocurrencies. Sign up here its free! We dont have any real metrics yet. he says. His group aims to help change that with newly published results from a two-year-long study focused on Bitcoin and Ethereum, the worlds most popular cryptocurrency networks. Can a booming crypto-currency really compete with conventional cash? Perhaps the most striking finding is that the process of verifying transactions and securing a blockchain ledger against attack, called mining, is not actually that decentralized in either system. Bitcoin and Ethereum are open blockchain systems, meaning that in principle anyone can be a miner (see What Bitcoin Is, and Why It Matters ). But organizations have formed to pool mining resources. The researchers found that the top four Bit Continue reading >>

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