We Asked Ethereum Users How It Changed Their Life. Heres How They Responded
Nearly 2,000 people descended on Cancn last week for DevCon, an annual conference for developers organized by the Ethereum Foundation. This was the third DevCon and the biggest yet, with more than double the number of attendees. The soaring price of ether , the cryptocurrency thats transacted on the ethereum blockchain, has rewarded them richly in the last year. Ether was trading around $300 the week of DevCon3, or about 2,900% higher than in September 2016, during the second conference. Photographer Jackson Krule, on assignment for Quartz, spoke with a few attendees and asked them one question: How has ethereum changed your life? These are their responses. A lot of my friends are millennials and theres a huge wave of optimism because of ethereum. We werent around for the birth of the internet, but this is our chance to be a part of a big technological shift. Alex Shelkovnikov, Founder, Semantic Capital Its changed my life in that Ive decided to commit my career to working within the space full time and now Im committed to the success of the fully decentralized space. Alex Shelkovnikov (Jackson Krule for Quartz) Meg VanDeventer, Communications Director, QuantStamp In what way hasnt ethereum changed my life? Meg VanDeventer (Jackson Krule for Quartz) Robert Radek,Head of Research & Development, G2A Pay Ethereum changed my world. It showed that people outside of the financial ecosystem could join it and this is beautiful. Everton Fraga, Engineer at Ethereum Foundation It has the power . . . to promote inclusion from people that dont have any access to financial instruments. For instance, having some new models of governance towards small communities. Even in Brazil we have some indigenous communities, there are people thinking of having cooperatives of workers to make th Continue reading >>
Bitcoin, Ethereum And Other Cryptocurrencies Have Millions Of Users
Bitcoin, Ethereum and other cryptocurrencies have millions of users Cryptocurrencies like Bitcoin and Ethereum are receiving more and more attention, but the fact of the matter is, the market is still in its infancy. To put things into perspective, its capitalization is currently about six times lower than Google -- and even less compared to Apple, which is the most valuable publicly-traded company in the world. What we do not know exactly is how many people own cryptocurrency. It may be a small market in the grand scheme of things, but according to new report from Cambridge Judge Business School, between 2.9 and 5.8 million people in 38 countries use Bitcoin, Ethereum and other cryptocurrencies. The market cap I mentioned earlier is based on the coins that are in circulation (available to buy, more exactly), so that would mean that users have, on average, between $18,966 and $37,932 in cryptocurrencies. That is a pretty substantial sum, if you consider how volatile and young this market is. Another tidbit from the report is the number of people that are full-time employees in the cryptocurrency sector. That would be at least 1,876. The report states that it may be "likely well above two thousand when large mining organizations and other organizations that did not provide headcount figures are added." Most work at exchanges. In my article How to buy Bitcoin and Ethereum I implied that exchanges do care about the legal aspect of trading, hence all the verification involved before being allowed to buy coins. The report confirms that, saying that 52 percent of the small exchanges have a government license. When it comes to large exchanges, that figure drops to 35 percent. To learn more about what's in the report, you can read it in full here . Continue reading >>
How Many In-use Accounts Does Ethereum Have?
how many in-use accounts does Ethereum have? How many accounts does Ethereum have right now with any activity? And how many of those belong to contracts and how many to humans? Is there any statistics I can check in real time? Or at least some recent report on this data? Ethereum 'accounts' or key pairs are generated independent of the blockchain itself. For example, I can go and create 1,000 Ethereum accounts right now and no central address registry will be able to know (because there isn't one). I remember asking myself a similar question for Bitcoin. I found this website that clearly collated some statistics from a Bitcoin block explorer. It gives you an idea of the amount of accounts that actually own coins. The same website has yet to create a similar tool for Ethereum but I'd suspect they will soon (as they've done it for litecoin etc). It's quite simple to tell if an account is an externally owned account or a contract account . You'll notice compiled source code along with it in various block explorers such as Etherscan . Etherscan have already classified the different accounts on their platform. Right now, I'm not aware of any similar analysis on the Ethereum blockchain. But I'd imagine it's done the same way Bitcoin and other cryptocurrencies have been. Hope this helps and I'm open to some links for research that's been conducted in this area. UPDATE: Etherscan provides in depth analysis as mentioned in the comments. Continue reading >>
Ethereum - Wikipedia
This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality.  It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed.  "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.   Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014.  The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale.  This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).    Ethereum was initially described in a white paper by Vitalik Buterin ,  a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>
Bloom Is Now A Top 10 Dapp By Number Ofusers
Blockchain enthusiast. Believer in transformational technologies. Stanford alum. Bloom is Now a Top 10 DApp by Number ofUsers We are proud to share that Bloom is now a top 10 dApp by number of users. According to State of the DApps , there are more than 1200 projects built on Ethereum. DApps short for decentralized application are applications running on Ethereum. These applications are typically built using smart contracts. In general, either a portion or all of their data held in Ethereums decentralized blockchain. DApps have the promise to revolutionize the world. They can operate free of influence from a central government, monopoly, and without censorship. This is why Ethereum and Ethereum based tokens have seen a boom in the past few months. Despite this promise, dApps are still in the early stages. With the exception of Cryptokitties and Etherdelta , few dApps have reached the mainstream crypto audience. Blooms mission is to create a user friendly DApp which mimics the experience of a traditional application. Over the past few months, we have been hard at work heads down in creating a product the entire crypto space can rally behind. Our upcoming Phase 2 launch will bring numerous features and enhancements towards a better user interface, additional attestations to the Bloom network, a mobile app, and renewed interfaces that are friendly to both crypto newcomers and experts. While there is much progress to be made on the Bloom dApp, weve already seen a huge uptick in users, and we are proud to announce that weve became one of the most heavily used dApps to date. This past week, Bloom hit number 3 by amount of 24h activity on the dapp and top 10 by weekly activity. DAppBoard helps you visualize how smart contracts and decentralized applications are used by thewor Continue reading >>
How Will Ethereum Scale?
Like other public blockchains, ethereumintends to support as many users as it can. The problem is that, today, we don't really know the limits of theplatform. Because of a hard-coded limit on computation per block, the ethereum blockchain currently supports roughly 15 transactions per second compared to, say, the 45,000 processed by Visa. This limitation of ethereum and other blockchain systems has long been the subject of discussion by developers and academics. While ethereum developers might like to highlight how the flexible smart contract platform differs from bitcoin, for example, it isn't unique in regards to scalability. As disappointing as that might sound, there's hope in proposed solutions that havent made it into the official software yet. Ethereum and bitcoin use a combination of technical tricks and incentives to ensure that they accurately record who owns what without a central authority. The problem is, its tricky to preserve this balance while also growing the number of users (especially to the point where average people can use the system to purchase coffee or run applications). That's because ethereum depends on a network of 'nodes', each of which stores the entire ethereum transaction history and the current 'state'of account balances, contracts and storage. This is obviously a cumbersome task, especially since the total number of transactions is increasing approximately every 1012 seconds with each new block. The worry is that, if developers raise the size of each block to fit more transactions, the data that a node will need to store will grow larger effectively kicking people off the network. If each node grows large enough, only a few large companies will have the resources to run them. Despite the inconvenience, running a full node is the best w Continue reading >>
Exponential Growth: Number Of Bitcoin Users To Reach 200 Million By 2024
Exponential Growth: Number of Bitcoin Users to Reach 200 Million by 2024 According to RT, analysts expect the number of bitcoin users to reach 200 million by 2024, within the next seven years, given the current exponential growth rate of bitcoin. A Cambridge study conducted by Dr. Garrick Hileman and Michel Rauchs in March of 2017 revealed that the number of active users of bitcoin wallets was in the range of 2.9 million and 5.8 million. However, since then, proportional to the market valuation and price of bitcoin, the cryptocurrencys user base has grown at a rapid rate. Coinbase alone, the global markets largest bitcoin brokerage and wallet platform, serves more than 13 million active users. In November alone, Coinbase recorded 1.2 million users. Coinbase User Growth Table Provided by Alistair Milne, Bitcoin Investor and Partner at Altana Digital Currency Fund Major regional bitcoin exchanges such as Japans Bitflyer and South Koreas Bithumb also have nearly one million users on each platform. If the hot wallets or bitcoin addresses on bitcoin exchanges are included, the number of unique bitcoin users is likely over 10 million. Driving Factors of Bitcoin Mainstream Adoption Essentially, with 200 million active users, bitcoin will penetrate the mainstream market, and the vast majority of investors and casual consumers will embrace bitcoin as a robust store of value and a digital currency. The listing of bitcoin futures by CBOE and CME in mid-December will drive adoption of bitcoin in the traditional finance market, amongst large-scale institutional investors, retail traders, hedge funds, and investment firms. As tens of billions of institutional money move into the bitcoin market, casual consumers and investors will follow, creating a domino effect. Then, more financia Continue reading >>
Ethereum Number Of Users - Crypto Mining Blog
All About BTC, LTC, ETH mining as well as other alternative crypto currencies Ethereum (ETH) is still relatively new alternative crypto currency, even though it has been in development for quite a while, the formal launch of the mining phase happened just about two and a half months. For all that time the total mined Ether coins is roughly a little bit over 2 Million with another 72 Million already available from the crowdsale and various other rewards and incentives. We are keeping a close eye on the development of Ethereum and another reason why we are seeing a decline in the value of a single Ether coins could be due to the still relatively small user base when compared to the total number of coins available. Looking at the number of unique wallet addresses that have left a trace in the Ethereum blockchain shows a bit disappointing number, a bit less than 25 thousand . With less than 4 thousand new ones being added in the last 30 days, growing steadily, but slowly with just about 100-200 average new ones every day. That does not mean that the total number of users or actually generated wallet is this small, it is larger in reality as addresses that have not sent or received any transaction are not listed, but then again you cannot say these are active Ethereum users either. So what Ethereum desperately needs is to increase the rate of growth with more new users that it is currently getting and that includes not only miners Ethereum Still With Little Users, Yet Showing Big Potential Do you wonder how big is the number of Ethereum users roughly about one month after the official start of the alternative crypto currency? There is an interesting chart over at Etherscan (Ethereum block explorer website) that shows the growth of the number of unique Ethereum addresses (wa Continue reading >>
What Is Ethereum? How Bitcoin's Major Rival Works | Money
Bitcoin gets the lions share of the attention in the cryptocurrency space. But Bitcoin isnt even the best-performing cryptocurrency around especially now that it has lost 40% of its value from its peak at the start of this week to around $12,000. That means Bitcoin is up around 12-fold this year. By comparison, rival Ethereum has seen its value jump more than 60 times from $8.40 at the beginning of the year to around $530, and thats counting Fridays big across-the-board slide in cryptocurrency prices. What is Ethereum? And does it deserve the same exuberance (rational or otherwise) that Bitcoin is garnering today? Heres everything you need to know. 1. Ethereum is the second-largest cryptocurrency in the world. The total value of Ether in the global marketplace is more than $53 billion . While that still pales in comparison to the $205 billion value on Bitcoins circulating around the world, ethereum is well ahead of other major digital currencies such as Ripple ($21 billion), Litecoin ($10 billion), and IOTA ($9 billion). 2. Ether can be mined like Bitcoin, but with a key difference. Both Ethereum and Bitcoin rely on so-called blockchain technology , a system in which transactions are not recorded and verified by a central bank or institution but rather by a decentralized network of cryptocurrency users. As incentive for those users to serve this function, they are allowed mine for new Bitcoin or Ether to create wealth. However, the total number of Bitcoin that is allowed to circulate in the system is capped at 21 million . And right now, its estimated that there are roughly 16 million Bitcoins in circulation. So from that perspective, Bitcoin is maturing fast. Ethereum, on the other hand, does not have a similar overall cap. There is, however, an annual limit on new is Continue reading >>
You are responsible for your own computer security. If your machine is compromised you will lose your ether, access to any contracts and possibly more. You are responsible for your own actions. If you mess something up or break any laws while using this software, it's your fault, and your fault only. You are responsible for your own karma. Don't be a jerk and respect the rights of others. What goes around comes around. The user expressly knows and agrees that the user is using the Ethereum platform at the users sole risk. The user acknowledges that the user has an adequate understanding of the risks, usage and intricacies of cryptographic tokens and blockchain-based open source software, eth platform and ethereum The user acknowledges and agrees that, to the fullest extent permitted by any applicable law, the disclaimers of liability contained herein apply to any and all damages or injury whatsoever caused by or related to risks of, use of, or inability to use, ethereum or the Ethereum platform under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that neither Stiftung Ethereum (i.e. Ethereum Foundation) nor Ethereum team shall be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data that occurs as a result. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain types of damages. Therefore, some of the above limitations in this section may not apply to a user. In particular, nothing in these terms shall affect the statutory rights of any user or exclude injury arising from any willful misconduct Continue reading >>
'$300m In Cryptocurrency' Accidentally Lost Forever Due To Bug
'$300m in cryptocurrency' accidentally lost forever due to bug User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back We are analysing the situation and will release an update with further details shortly, developer Parity told users.Photograph: Thomas White/Reuters '$300m in cryptocurrency' accidentally lost forever due to bug User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back Last modified on Wednesday 8 November 2017 09.25EST More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasnt deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred. On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet. A cryptocurrency is a form of digital asset, created through a canny combination of encryption and peer-to-peer networking. Bitcoin, the first and biggest cryptocurrency, is part of a decentralised payment network. If you own a bitcoin, you control a secret digital key which you can use to prove to Continue reading >>
Scaling Ethereum To Billions Ofusers
Previously co-founder @Coinbase, trader @GoldmanSachs, computer science @DukeU. Tokens are selling at valuations which imply theyll have millions of users. But can the blockchain support it? If not, how far away are we? Requirements to building scaled decentralized applications (dApps) There are two requirements to building scaled dApps: Having all of the necessary parts of the dApp developer stack . Id say we are 70% to a shaky first version of each. 2. Scalability of these components. I think this will be the main limiting factor and what will be discussed in this post. Lets do the math on running something like Facebook. Facebook handles about 175k requests per second (900k users on the site in any given minute, assume an action is taken every 5 seconds). And this probably doesnt include API requests, which are a better analogue and probably 34x higher . First, a note: I am not an Ethereum maximalist, but I think Ethereum is the furthest along and best suited for thinking about scalability right now. At the moment, Ethereum can handle about 13 transactions per second, which cuts in half to about 7 transactions per second for tokens (4.7m gas limit, 21k avg gas price for standard txn = ~220 standard txns every block, current avg block time 17s = 13 txns/sec, gas requirement roughly doubles for token transactions ). And this doesnt include more expensive smart contract execution. By this estimate were roughly 250x off being able to run a 10m user app and 25,000x off being able to run Facebook on chain. And since these systems are open rather than proprietary, well see applications bigger than Facebook. This estimate isnt perfect because the dApp stack functions differently in places than the current Web 2.0 stack. But I believe its in the right ballpark. This is why I 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 >>
How Many People In The World Own Bitcoin Orethereum?
How Many People in the World Own Bitcoin orEthereum? In the traditional financial sector, it is easy to come up with the number of account holders or service up takers. That is not the case with cryptocurrencies. Users of cryptocurrencies, like Bitcoin and Ethereum, are pseudo-anonymous. The identities they assume while transacting, and which end up on the public ledger, are not directly connected to their real-world identities. Indeed, one is not required to provide names and other personally identifying data in order to buy, mine, own or send bitcoin. All one needs is to generate a wallet and share its public key as the address to receive money and keep the corresponding private key as the signature to proof ownership. The public keys are all on the blockchain for everyone to see. Therefore, the number of wallets in use is the best metric available to gauge the number of people using cryptocurrencies. Coindesk, a leading blockchain news site, has been tracking the number of wallets in use. It publishes this data in its quarterly state of the blockchain report. In 2016, it reported that close to 14 million wallets had been in use. On its part, Ethereum, according to EtherScan, a Block Explorer and Analytics Platform, has a little over a million wallets that have been used since its inception. However, these numbers should be taken with a pinch of salt. First, a user can have as many wallets as they want. Indeed, as a security precaution, it is recommended to create different wallets for different use cases. While one individual holding many commercial bank accounts might invite suspicion, having as many as ten cryptocurrency wallets at the same time is the norm. Second, these numbers also include wallets that have been abandoned. Long after one has used a public addre Continue reading >>
How Many Ethereum Wallets Are There With Ether In Them? : Ethtrader
Welcome to /r/EthTrader , a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. New to Ethereum? Read our FAQ .For the discussion of tech and application development using Ethereum, go to the official sub at /r/ethereum . Read our rules before posting. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy . User flairs or tokens in the ticker are not an endorsement. Please use due diligence when choosing an investment. Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Public Mod Logs | News Timeline | Education | Comments You can correct innacurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>