Ripple, Bitcoin, And Ethereum Will All Succeed Together In Their Own Ways
Ripple, Bitcoin, and Ethereum Will All Succeed Together In Their Own Ways Even though the use case for Ripple and XRP couldnt be any more obvious, some people still doubt the project. Ripple and XRP will succeed regardless of what most cryptocurrency users believe. It is not a cryptocurrency-oriented project by means. Banks will use the technology and digital asset, and they will stay away from Bitcoin a long as they can. That doesnt make XRP more appealing to speculators, though. One thing has become apparent these past few weeks: a lot of cryptocurrency users hate Ripple and XRP . They mostly do so for the wrong reasons as well. Ripple and its native digital asset have never positioned themselves as a cryptocurrency. It is not an asset that is designed to be used by consumers. Ripple is to be used by banks as a solution to pave the way for cheaper cross-border transfers. From a regulatory point of view, Ripple makes a lot of sense. Bitcoin, unfortunately, does not. The same goes for Ethereum, even though it will thrive in its own way. So will Bitcoin, but it will continue to face a ton of opposition all over the world. However, Ripple and XRP will have an easier time getting partnerships and approval from banks. Whether or not XRP can overtake Bitcoin in market cap, remains to be seen. It is important to note these are the early days of distributed ledger technology. Having banks adopt a solution that is not Bitcoin is not a bad thing. Ripple is perfectly tailored to the financial sector. That does not make it evil or bad by any means. Cryptocurrency diehards want nothing to do with banks, which is understandable. However, these are the same people who use a bank account to convert Bitcoin and Ethereum to fiat and vice versa. These transfers may one day be sped up an Continue reading >>
Ethereum: The Not-bitcoin Cryptocurrency That Could Help Replace Uber
Ethereum: The not-Bitcoin cryptocurrency that could help replace Uber 2017 has been a big year for Bitcoin: its highest price ever , a major disappointment from the SEC for No. 1 Bitcoin fans the Winkelvoss twins, and, for a moment, a value higher than gold . But another cryptocurrency has been quietly growing in volume while everyone was focused on Bitcoin. Ethereum, which is kind of like Bitcoin but slightly nerdier and more complicated, edged up against Bitcoin in its daily volume earlier this month. In plain english, Bitcoin is much bigger in terms of monetary value, but Ethereum is being used so much that it's facilitating nearly as much business. Ethereum's daily volume is now almost as large as Bitcoin's. pic.twitter.com/AFuFG8MgJx Even people who don't care about digital currencies at all have heard of Bitcoin. But according to a brief unscientific survey of the Mashable offices, it appears that approximately no one outside the cryptocurrency loop knows what Ethereum is. Ethereum is a decentralized application that supports a cryptocurrency, or digital currency, just like Bitcoin. You can pay for things online, trade money, and buy and sell anywhere that accepts it. But there's more to Ethereum than there is to Bitcoin. The cryptocurrency, called ether, runs on a "smart contract." The smart contract is a blockchain technology and "if:then" system that allows Ethereum to be traded if a certain condition is met. Bitcoin runs on the blockchain (a distributed, decentralized ledger of transactions) too, but it doesn't involve the extra step of a smart contract. Blockchain is a distributed ledger where all of Bitcoin's and Ethereum's transactions are recorded. It's totally decentralized, which means it's not run by any one person or company. Its decentralization give 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 >>
Will Ethereum Replace Bitcoin?
Ethereum never had the intention to have a value like bitcoin, but investors invested anyway spotting the opportunity. If we talk about the growth of Ethereum this past year, we can surely see that it has grown to more than 4000% while bitcoin has grown about 600%. What differs Ethereum from Bitcoin is the new technology behind it. Ethereum operates on a ledger technology which is a decentralized type of database. Moreover, Ethereum has the potential to provide basic operating systems for the next generation of decentralized internet, and also has the potential to become a publicly used entity that easily makes contact between customers. Ethereum wants to work as a World Computer where the servers and clouds are replaced with nodes. It seems to be that Ethereum has an incredible 5 times as many nodes compared to bitcoin, which really means that people use their computers to support it. It is definitely possible that Ethereum could overtake Bitcoin one day, taking into consideration that Bitcoin is being so often debated, while Ethereum just works silently in the background. However, Bitcoins price still remains way bigger than the one of Ethereum placing the market cap at about 280$ billion compared to the 44$ million of Ethereum. I recommend that you read more about this topic here: Continue reading >>
The $80 Billion Question: Why Are Bitcoin And Ethereum Growing So Fast?
The $80 billion question: Why are Bitcoin and Ethereum growing so fast? A little over two months ago, Bitcoin achieved a symbolic milestone: After an intensive period of growth, the price of one Bitcoin surpassed the price of an ounce of gold . That seems like ancient history. The price of Bitcoin has nearly doubled since then and the cryptocurrency is currently trading at about $2,200. Bitcoin's cousin Ethereum is trading at about $180, its price increasing by a cool 1400% in the last three months. But is the rally over, or has it only just begun? And what has propelled the explosive growth in the first place? In the world of cryptocurrencies, answering these questions is anything but easy. To start, it's important to understand that Bitcoin, while still the biggest cryptocurrency around, is not the only arguably not even the biggest driver of growth anymore. According to Coinmarketcap , the total vale of all major cryptocurrencies put together now stands at around $79 billion. Bitcoin accounts for less than half of that, with a $35 billion market cap, while Ethereum and Ripple have grown to $17 and $13 billion, respectively. A couple of years ago, one Bitcoin was worth a little over a hundred dollars. Now, it broke the $2,000 barrier and is growing like a weed. The digital coin market cap is a frequently quoted number that means nothing and everything, depending on your viewpoint. If you believe that Bitcoin will ultimately replace money, then $35 billion is pocket change. But it may never happen, and even if it does, Bitcoin might be left behind. Bitcoin is still by far the most promising as both a digital currency and a payment platform. But the new breed of digital coins are very different. Litecoin, an early Bitcoin competitor, has once again taken the spotlight Continue reading >>
Vote: Bitcoin, Ripple And Ethereum: Will They Still Exist In 5 Years? | Fortune
Bitcoin is the worlds most famous crypto-currency but, these days, you barely hear about it. Instead, the buzz has shifted to blockchain, the underlying technology for bitcoin, which banks are now using for day-to-day business. Meanwhile, newer and more versatile types of digital currency are overshadowing bitcoin. This raises the question of whether bitcoin even has a long-term future. I recently spoke with Faisal Husain, the CEO of Synechron , which advises banks about blockchain, and asked him if he thought bitcoin and two other well-known crypto-currenciesRipple and Ethereumwill still be around in five years. His answer: two of the three currencies will survive, but he wouldnt say which ones. You can weigh in yourself by taking our poll below, but I confess I dont see an obvious candidate for failureor success. In the case of bitcoin, its by far the biggest with a market cap of around $11 billion , but its core use case is still for sketchy stuff, such as ransomware payments or buying drugs on the Internet. Meanwhile, mainstream bitcoin companies like Coinbase and Circle are pivoting as fast as they can towards more general forms of Internet money transfers. Ripple has the advantage of being both a currency and a transport protocol, and the company that bears its name has recently locked up a number of high profile partnerships with major banking institutions. This bodes well for the company, though its less clear the currency (known as XRP) has a long-term role. Bankers like using Ripples infrastructure to move money around, but several have told me the currency is unnecessary, and that banks do not want to be forced to use it in the course of foreign exchange transactions. Continue reading >>
Why Bitcoin And Ethereum Will Soon Be Everywhere (for Reals)
Why Bitcoin and Ethereum will soon be everywhere (for reals) Bitcoin , Ethereum and blockchain technologies are all the rage. Initial coin offerings (ICOs) are raking in millions in mere minutes, and every day a new initiative is announced with ever-increasing hype. With all of this going on, youd expect cryptocurrencies to be mainstream fare, right? Unfortunately, theyre not quite there yet. As of now, your grandma probably isnt wagering Ethereum with her bridge buddies. Heck, even buying pizza with cryptocurrency sounds like science fiction. The fact of the matter is that for people outside of the hardcore crypto-enthusiast community, the whole idea is still mysterious. This article will help you get a better grasp of the future of cryptocurrency. After you finish it, youll clearly see how these technologies are poised to join the mainstream. So, when will this dizzying race come to an end? Is there real value in the blockchain craze? Can it possibly live up to the expectations created by so many rivers of newsprint? Below, youll find answers to all of these questions and more. The true potential of blockchain technology As it turns out, distributed blockchain ledgers do have a future. Not only can they reduce skyrocketing IT costs, but the promise of faster, less-expensive financial transactions has the potential to accelerate growth in a host of industries. With this great potential comes some bad news, though you wont see these possibilities become a reality until the technology becomes useful in the real world. What will this look like exactly? Well, when you can pay for a ride to a cafe and buy a coffee in crypto without needing a masters degree, mind you its use will be pretty standard. When crypto goes mainstream transactions wont be measured in millions of do Continue reading >>
Why Ethereum Will Succeed : Ethereum
Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>
Ethereum Price Analysis: The Future Looks Bright For Eth
Ethereum Price Analysis: The Future Looks Bright for ETH William M. Peaster on December 2, 2017 / 0 Comments Just how high can Ethereum go ? Thats the question were all asking ourselves as the number two cryptocurrency by market capitalization is vaulting to unprecedented all-time price highs in Q4 2017. And as it stands right now, it really looks as if Ethereum and its associate fuel Etherhave unlimited adoption potential in the decades ahead. Thats because if Bitcoins appeal is as digital gold, then Ethereums appeal should be as the crypto revolutions Microsoft 2.0. Thats because you can build a seemingly limitless number of utilities atop of Ethereum. To this end, civilization itself may be running atop Ethereum in a handful of years if the project can live up to is promise. With these theme in mind, lets dig a little deeper. To Ethereum enthusiasts, the so-called flippening is the day in which ETH overtakes Bitcoin as the crypto with the highest market cap. Essentially, then, the day in which ether becomes the #1 crypto. Could it happen? Without a crystal ball, no one knows for sure right now. But what is clear is that however much of a darkhorse any cryptocurrency is at the moment ETH is one of the best positioned cryptos to one day overtake BTC. To be clear, were not saying that will happen. But we are saying its possible. One crucial factor to consider is the politics of the cryptocurrency space. Bitcoin bills itself as a currency. This automatically puts it in a position to be in competition with governments who mint their own currencies. And as BTC continues to make traditional currencies more pointless, some governments may want to lash out and crackdown on accordingly. Whether these governments could succeed in hampering Bitcoin effectively is certainly up f Continue reading >>
Analysis: Neo - Will It Replace Ethereum As The World's Ico Platform? | Finance Magnates
Our Quarterly Report incorporates unique data on trading volumes and traders, in-depth insights, special guest articles, regional information, regulations, updates and much more. This exclusive report aims to serve as a manual, answering all of the questions on the Chinese multi-asset trading industry that you were always afraid to ask. Continue reading >>
Ethereum Will Match Visa In Scale In A Couple Of Years Says Founder
Ethereum will match Visa in scale in a couple of years says founder Vitalik Buterin explains Ethereum in his own words at Disrupt SF The mind behind Ethereum, Vitalik Buterin , is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called brain virus is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers. Buterin separates the world into two kinds of people. Theres the average person whos already heard of bitcoin and the average person who hasnt, he said. His project itself builds upon that notion by adding more utility to the blockchain, thereby creating something everyone will want to hear about. Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications, he said. A good blockchain application is something that needs decentralization and some kind of shared memory. Thats what hes building and hopes others will build on the Ethereum network. Vitalik Buterin (Ethereum Foundation) and Naval Ravikant at TechCrunch Disrupt SF 2017 Right now the network is a bit too slow for most mainstream applications. Bitcoin is processing a bit less than 3 transactions per second, he said. Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the blockchain to replace Visa. Buterin doesnt think everything should run on the blockchain but many things can. As the technology expands it can grow to replace many services that require parallelization that is programs that should run at the same time. You could run StarCraft on the blockchain. Those Continue reading >>
Why Ethereum Will Succeed
/ Ethereum FAQs / by / Comments Off on Why Ethereum Will Succeed Ethereum has struggled to see the emergence of practical and widely utilized applications over the past two years, despite its $1.2 bln market cap. NOTE: I'm not here to like or dislike ethereum or ethereum classic , I just did my personal analysis and got to my own by nimos Sep 18, 2017. The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. It will take a couple of years for the blockchain to replace Visa.. This will be me pointing out some flaws and downsides about Ethereum, this might create hate and controversy but it is by cerejobastos I wrote a stored procedure to insert a record. I added "Begin Transaction" just above the Insert Query and execute the query. I noticed that another application that. Will Ethereum Surpass Bitcoin "The market cap of ethereum will bypass the market cap of bitcoin by the end of the year," said Fred Wilson, chairman of the board at Etsy. Jun 29, 2017. Ripple / Bitcoin (POLONIEX:XRPBTC). Get more trading ideas from kami_jazz. Follow market experts, get opinions and be heard! Join the. Jun 2, 2017. He even This is why it is a wise decision to begin. are now looking at an 84 720 per cent ROI. While Ethereum is just one example, there are other cryptocurrency ICOs. Michael Novogratz, a former hedge fund manager at major US hedge fund Fortress Investment Group, has revealed that 10% of his net worth is in Bitcoin and Ethereum. claim that these Bitcoin billionaires success was founded on. I got my first (and only) Bitcoin several years ago, I know how the technology works, Ive implemented the data structure part, Ive tried (with varying success) to. Ethereum May Very Well Leave Bitcoin Eating Its Dust Over. Since the year began, theres been no hotter in Continue reading >>
Can Ethereum Become The Next Four-figure Cryptocurrency In 2018?
Can Ethereum Become the Next Four-Figure Cryptocurrency in 2018? Can Ethereum Become the Next Four-Figure Cryptocurrency in 2018? JP Buntinx December 11, 2017 Crypto , News It is evident that most people are keeping a very close eye on the Bitcoin price right now. While that is a good thing, there are plenty of other currencies and tokens which will all succeed in their own way. Some sources even claim Ethereum mayreach a value of US$4,000 in 2018. Suchthinking may seem delusional, but stranger things have happened in the world of cryptocurrency. There are many reasons why the Ethereum price will either remain flat or go up significantly in 2018. Some oftodays most interesting projects make use of the Ethereum infrastructure. Unfortunately, any effort associated with raising moneyonthisplatform seeminglycauses the network to slow down and even become unusable for several hours. ICO projects are still quite popular, yet the Ethereum blockchain has had problems handling all of these transactions. The most recent example ofa project clogging up the Ethereum chaincame in the form of CryptoKitties . Virtual cats issued on the blockchain were so popular thatthey essentially broke Ethereum for a few hours. Transactions were delayed beyond belief, and it almost felt worse than trying to send Bitcoin this past week. That wasnt a positive sign by any means, especially since its not the first time this has happened. Indeed, therewere other ICOs this year which hadthe same effect on the Ethereum network. Thankfully,Ethereumsdevelopers are all too aware of these problems, and they will work to ensure that the scaling of Ethereum improves over time. Whether or not theywill be successful in this regard remains to be seen, but there is no reason to doubt their abilities. Thebig questi Continue reading >>
Will Ethereum Be The Platform That Successfully Brings Blockchain Into The Mainstream?
Will Ethereum be the Platform that Successfully Brings Blockchain into the Mainstream? For all its hype, blockchain is still pretty niche but Ethereum might just change all that. Written by Yezi Peng, (MBA 17). This post was originally published on the Digital Initiatives public blogging platform, Open Knowledge . Ethereum is an open-source blockchain platform that was introduced in a 2013 white paper by Vitalik Buterin, a Bitcoin programmer who wanted to expand the applications of cryptocurrency. Ethereums blockchain went live in July 2015 and seeks to use smart contracts to facilitate transactions on its platform. Can Startup Invisibly Be the New Revenue Stream Publishers Dream Of? First and foremost, lets explain what exactly blockchain is. Blockchain is a revolutionary technology that uses a decentralized database to maintain a linear, chronological record of events or transactions. As an open, distributed ledger, there is no single point of failure (making it less vulnerable to cyberattacks) and democratizes ownership records (all transactions are viewable by everyone so its very difficult to manipulate records) but it can maintain anonymity of users. As Don Tapscott, author of Blockchain Revolution, describes it, blockchainis the biggest innovation in computer science??the idea of a distributed database where trust is established through mass collaboration and clever code rather than through a powerful institution that does the authentication and the settlement. Youve probably heard of Bitcoin as the most popular current use of blockchain. Ethereum expands upon the digital currency application of blockchain to create an open software that allows developers to build decentralized applications on top of the platform. To use SAT parlance, Bitcoin: Email:: Ethereum: Continue reading >>
Will Ethereum And Litecoin Follow Bitcoins Success?
Will Ethereum and Litecoin follow Bitcoins success? Litecoin has the potential, it has better technology than bitcoin, but at the end if you ask here you will get biased answers. Research well enough what Litecoin is and what it can become. A big benefit of Litecoin is that it has lower transaction speeds and faster confirmation times than bitcoin. If/when cryptocurrency is widely adopted, these fees and transaction times will be cumbersome and unfavorable. This favors Litecoin currently. The second biggest benefit, in my humble opinion, is Charlie Lee the founder of Litecoin. I will be the first to admit the Charlie Lee has likely forgotten more than I will ever learn about cryptocurrency. If someone is developing a coin I am invested in I want to feel comfortable with knowing who that person is and what experience they have. With Charlie Lee's experience at Coinbase this is a benefit to Litecoin in my opinion. Put another way, if he decided to stop developing Litecoin I would reconsider my investment very seriously. Again, they kind of already had. Just 18 month a ago, the price of Ethereum was $10-$20, and now its sitting at $300. Bitcoins during the same, Bitcoin went from $300 to now $7000. LTC is a similar story. Its easy to get wrapped up in the huge one day increases in price, but the truth is when Ethereum went on its bull run earlier this year, it was a quickly outpacing BTC. Will the price of ETH and LTC go up in the future? Likely. Considering that technically, Ethereum and Litecoin are both growing in community size and are technically maturing, theres no reason to suspect that fundamentally theres anything wrong. Just because some other coin grew the last few days doesnt mean anything is wrong it just means some other coin grew. Questions like this are pu Continue reading >>