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When Did Ethereum Start?

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 >>

Bitcoin Vs Ethereum: Driven By Different Purposes

Bitcoin Vs Ethereum: Driven By Different Purposes

Bitcoin Vs Ethereum: Driven by Different Purposes Ethereum has received a lot of attention since its announcement at the North AmericanBitcoinConference in early 2014 byVitalikButerin. The natural consequence of its rising popularity has been its constant comparison toBitcoin, the first virtual currency. It is important for investors to understandthe similarities and differences between BitcoinandEthereum. Bitcoin, the first virtual currency, was born seven years back. It introduced a novel idea set out in a white paper by the mysterious SatoshiNakamoto:Bitcoinoffers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies . There are no physicalBitcoins , only balances associated with public and private keys. Over these years, the acceptance of the concept of a virtual currency has increased among regulators and government bodies.Althoughit isnt a formally recognized medium of payment or store of value, it has managed a niche for itself and continues to coexist in the financial system despite being regularly scrutinized and debated. The attempts to understandBitcoinmoreclosely resulted in the discovery of blockchain , the technology that powers it. Theblockchainis not just the hottest topic in theFinTechworld but also asought after technology in many industries. Ablockchainis a public ledger of all transactions in a given system that have ever been executed. It is constantly growing as completed blocks are added to it. The blocks are added to theblockchainin linear, chronological order through cryptography, ensuring they remain beyond the power of manipulators. Theblockchainthus stands as a tamper-proof record of all transactions on the network, accessible to all Continue reading >>

Ethereum Price - Ethereum Price Chart & History In Usd

Ethereum Price - Ethereum Price Chart & History In Usd

Ethereum is a developer platform for the creation of decentralized applications running on blockchain, through the use of smart contracts. It was launched on June 30, 2015 by Vitalik Buterin and has been gaining popularity ever since. At the time of writing, Ethereums market cap is at $4,713,144,698 only second to Bitcoin. Just like Bitcoin, Ethereum is a platform based on blockchain technology. Blockchain as we know it has many applications that go beyond digital currencies. Today, Bitcoin is one of the several hundred of applications that use blockchain. In simplest terms Ethereum is an innovation based on the technologies and concepts that originally pioneered Bitcoin. Smart contract aka cryptocontract is a term used to describe a program that help you exchange money, property, shares, or anything of value in a transparent, conflict-free way. These are the programs that follow a series of steps every time they receive a message called a transaction. Think of a smart contract as a traditional contract between two parties. It can not only define the rules and penalties of the agreement, but also automatically enforce those obligations. Smart contracts achieve this by by taking in information as input, assigning value to that input through the rules set out in the contract, and executing the actions required by those contractual clauses. Ether is the currency or value token of the Ethereum blockchain. That means Ether is required by anyone wanting to build upon Ethereum platform. It is listed as ETH and traded on cryptocurrency exchanges like any other cryptocurrency. There are three ways you can get hold of Ethereum. Most popular exchanges to buy ETH with USD, EURO, Yuan and other currencies are Coinbase and Cex.io. You can also use Bitcoin to buy ETH from the trusted Continue reading >>

Who Created Ethereum?

Who Created Ethereum?

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series In 2008, an unknown developer (or developer group) invented bitcoin as a new way to send value over the internet. Four years later, a 19-year-old dreamed up a new platform based off of this innovation in an effort to transform the internet entirely. Vitalik Buterin, a programmer from Toronto, first grew interested in bitcoin in 2011. He co-founded the online news website Bitcoin Magazine in the same year, writing hundreds of articles on the cryptocurrency world. He went on to code for the privacy-minded Dark Wallet and the marketplace Egora. Along the way, he came up with the idea of a platform that would go beyond the financial use cases allowed by bitcoin. He released a white paper in 2013 describing an alternative platform designed for any type of decentralized application developers would want to build. The system was called ethereum. Ethereummakes it easy to create smart contracts, self-enforcing code that developers can tap for a range of applications. For his work, Buterin was named a 2014 Thiel fellow , a contest that awards winners $100,000. After Buterin unveiled the ethereum white paper, other developers joined ranks. Co-founder Dr Gavin Wood wrote the ethereum yellow paper, the "technical bible" that outlines the specification for the ethereum virtual machine (EVM) that handles the state of the ledger and runs smart contracts, for example (see: How Ethereum Works ). Co-founder Joseph Lubin went on to found the Brooklyn-based ConsenSys, a startup that focuses on building decentralized apps. To get the project off the ground, Buterin and the other founders launched a crowdfunding campaign in July 2014 where participants purchased ether, or the ethereum tokens that function as shares in the proj 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

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 >>

What Was The Price Of Ether On Ethereum Presale?

What Was The Price Of Ether On Ethereum Presale?

What was the price of Ether on Ethereum presale? The Ethereum presale took place from Tuesday, 22 July 2014 to Tuesday, 2 September 2014. 22 July to 5 August 2014: 2000 ETH = 1 BTC = 572-632 USD 6 August to 2 September 2014: 1999-1337 ETH = 1 BTC = 592-471 USD USD prices are the range in the given period of 24 averages on multiple exchanges, Source: Quandl For the linear decrease of ETH in the second period, refer to this source: The price of ether is initially set to a discounted price of 2000 ETH per BTC, and will stay this way for 14 days before linearly declining to a final rate of 1337 ETH per BTC. The sale will last 42 days, concluding at 23:59 Zug time September 2. More information about how it turned out: Continue reading >>

Ethereum Crash: Why Some Coinbase Traders Lost Big | Fortune

Ethereum Crash: Why Some Coinbase Traders Lost Big | Fortune

The white hot cryptocurrency Ethereum went on a wild ride on Wednesday, plummeting from around $320 to around 10 cents in a so-called flash crash. The price soon recovered but not before some investors took a terrible bath and some others made out like bandits. Ethereum, a popular new digital currency, trades on exchanges much like its older rival bitcoin. The most widely-used exchange, Coinbase-owned GDAX , operates like a traditional stock exchange, and lets traders buy stock on margin and place so-called stop loss ordersan automated instruction to sell if the price falls below a certain point. As Adam White, the VP of GDAX, explained in a blog post , one investor placed a multi-million dollar Ethereum sell order at 12:30 p.m. on Wednesday. The size of the order caused the price of the currency, which is already volatile, to dip. Things started to go really haywire, however, as the price dip triggered a series of stop loss orders. This slippage started a cascade of approximately 800 stop loss orders and margin funding liquidations, causing ETH to temporarily trade as low as $0.10, White explained. In other words, the computers executing the stop loss orders began to sell at all costs and, so long as there was someone on the other side to match the order, the trade went througheven if the price was totally irrational, and driven only by an algorithmic frenzy. Continue reading >>

History Of Ethereum Ethereum Homestead 0.1 Documentation

History Of Ethereum Ethereum Homestead 0.1 Documentation

DEVgrants talk at DEVCON-1 by Wendell Davis on YouTube Olympic testnet, bug bounty and security audit Throughout 2014 and 2015 development went through a series of proof of concept releases leading to the 9th POC open testnet, called Olympic. The developer community was invited to test the limits of the network and a substantial prize fund was allocated to award those holding various records or having success in breaking the system in some way or other. The rewards were announced officially a month after the live release. In early 2015, an Ethereum Bounty Program was launched, offering BTC rewards for finding vulnerabilities in any part of the Ethereum software stack. This has undoubtedly contributed to the reliability and security of Ethereum and the confidence of the Ethereum community in the technology. The bounty program is currently still active and there is no end date planned. The Ethereum security audit began at the end of 2014 and continued through the first half of 2015. Ethereum engaged multiple third party software security firms to conduct an end-to-end audit of all protocol-critical components (Ethereum VM, networking, Proof of Work). The audits uncovered security issues that were addressed and tested again and as a result ultimately led to a more secure platform. The second developers conference DEVCON-1 took place in the city of London at the beginning of November 2015. The 5-day event featured more than 100 presentations, panel discussions and lightning talks, attracted more than 400 participants, a mix of developers, entrepreneurs, thinkers, and business executives.The talks were all recorded and are freely available The presence of large companies like UBS, IBM and Microsoft clearly indicated enterprise interest in the technology. Microsoft announced Continue reading >>

Ethereum Project

Ethereum Project

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 >>

What Is Ether?

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 Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017? By Joe Liebkind | Updated January 2, 2018 2:15 PM EST How Coinfloor's Bitcoin Futures Differ from CME, CBOE As the curtain closedon 2017, millions of investors looked back on what was likely the best year ever for cryptocurrencies no matter which they put their money in. Though the markets attention was firmly focused on bitcoin's impressive five-figure price tag, other cryptocurrencies achieved even greater gains. This is apparent when looking at how the industrys total market cap between cryptocurrencies has fragmented. Where bitcoin once represented over 85% of the total crypto capitalization in January 2017, it now stands at just 43% of the pie a year later. This is due to competition from other coins like Ethereum, but also the coins that were created with Ethereum itself. These new entrants captured the imagination of investors (and their money) in2017, managing in many ways to steal bitcoins thunder. Those crypto investors who resisted cognitive dissonance and held onto their coins for the entirety of 2017sawsome serious returns whenever they determine it was appropriate to realize their gains.Holding a single bitcoin from January through December 2017 correspondedto unrealized gains of around $13,500 at the time of this writing, while the same feat for one Ethereum rewarded around $750. Given this information alone, most would consider bitcoin the better investment, but not when theyre supplied with the starting price of each coin. Ethereums January 2017 price of around $7 means that it gained an astounding 10,000% in 2017. The star of the show, bitcoin, began the year at about $800 and managed to add about 1,500% to its price. "Ethereum has huge potential, 2017 was the year of ERC-20 tokens, but Ethereum has a lot more Continue reading >>

Ethereum Price Rises To $300 As Cryptocurrency Markets Start To Recover

Ethereum Price Rises To $300 As Cryptocurrency Markets Start To Recover

Ethereum Price Rises to $300 as Cryptocurrency Markets Start to Recover Ethereum Price Rises to $300 as Cryptocurrency Markets Start to Recover JP Buntinx September 12, 2017 Crypto , News The past few days have been somewhat troubling for the Ethereum ecosystem. After all, the recent cryptocurrency news out of China spooked all the markets and sent prices tumbling. The Ethereum price also saw its fair share of setbacks, dropping from US$326 to US$268 in a matterof days. Right now, the Ethereum price is back above US$300, which seemingly confirms that the market hassufficiently recovered and will start moving up once again. In a way, a lot of cryptocurrency users expected the Ethereum price would suffer even more substantial losses due to the news out of China. With the banning of cryptocurrency ICO activity in China, it would have certainly been possible to see the Ethereum price drop to US$150 or less. However, ICOs are not the only use cases for the Ethereum ecosystem, although some people may disagree on that front. No one can deny the news has sent some shockwaves throughout the Ethereum market, though. Then again, the same logic applies to virtually any other cryptocurrency market in existence today. Whenthe Bitcoin price drops significantly, all altcoins follow the trend, for some unknown reason. In the case of the Ethereum, its pricedrop came in the form of a decline to US$268 over the past few days a very long way from the US$400 all-time high and a sharp decline fromUS$326 just a few hours prior. However, it seems as if the Ethereum price has started to rebound once again. With a current value of US$302.49, there is no reason to be concerned whatsoever. Ethereum is gaining value in both the USD and BTC markets, which shows this trend is not just related to the Continue reading >>

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe The Ethereum virtual currency logo is displayed on an automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan, on Wednesday, Aug. 30, 2017. The value of Ethereums currrency is increasing alongside Bitcoin and Litecoin, and the price of one Ether is currently at a high of $625.25 USD, according to CoinMarketCap, despite the CryptoKitties drama. 2018 will welcome a range of regulatory requirements and financial institutions are launching new products on the blockchain in order to simplify compliance, and this is where the Ethereum blockchain is becoming increasingly popular. A project named the Massive Autonomous Distributed Reconciliation program (Madrec) was announced this week and will be led by UBS with involvement from Barclays, Credit Suisse, KBC, SIX and Thomson Reuters. For a while now, financial news has been dispersed with updates of how banks are experimenting with cryptocurrencies and this announcement is one of the most recent, after Bitcoin futures began trading. Unlike Bitcoin, however, Ethereum has always been spoken about in a more positive way and has become the second largest digital currency in two years. After being launched in 2015, the value of Ethereums currency, otherwise known as Ether, has increased by more than 6,800% since the start of the year, according to The Telegraph. With Ether being the third most valuable digital currency and the virtual currency with the Continue reading >>

How Ethereum Became The Platform Of Choice For Icod Digital Assets

How Ethereum Became The Platform Of Choice For Icod Digital Assets

How Ethereum became the platform of choice for ICOd digital assets Jason Rowley is a venture capital and technology reporter for Crunchbase News . For most of the history of blockchain-based currencies and assets, the story has been all about Bitcoin. At a market capitalization of around $40 billion, it remains the most valuable cryptocurrency . But with the rise of a new chain on the ahem block, namely Ethereum , and new ways to fund the development of new crypto-platforms with ICOs, the narrative is shifting somewhat to the entire cryptographic asset class . Today, lets take a more in-depth look at some of the historical trends in the digital currency space, paying close attention to Ethereum and its role as the platform of choice for new cryptographic assets. The number of new digital assets is on the rise In roughly the past 12 months, the number of cryptocurrencies listed on CoinMarketCap.com , a main reference site for digital asset developers and speculators alike, has increased significantly. Below is a chart compiled from the count of cryptocurrencies listed on historic snapshots of the sites main table starting with the first snapshot on April 28, 2013 (featuring a whopping seven cryptocurrencies) and the most recent snapshot from June 4, 2017 . As of the June 4 snapshot, there were 809 cryptocurrencies and other digital assets listed on the main CoinMarketCap page. As ofMonday, June 5, 2017, at around 6:00 PM Central time, there were 857 cryptocurrencies and assets listed on the site. Between January 3, 2016 the first snapshot of 2016 and June 5, 2017, the number of cryptographic assets listed on CoinMarketCap grew from 551 to 857, an increase of about 56 percent in almost exactly 18 months. As the chart shows, the pace of growth in the number of crypto-back Continue reading >>

Etherum Price | Eth Usd | Chart | Etherum Us-dollar | Markets Insider

Etherum Price | Eth Usd | Chart | Etherum Us-dollar | Markets Insider

Just when you thought you had your head around bitcoin, along comes Ethereum. The word has been in a lot of headlines as the cryptocurrency world's new favorite thing soared in value. The ethereum price of something called an ether token grew in value up over 3,000% from 2016 - 2017. Bitcoin, which is far more widely known as an alternative 'currency', is up about 141% in that same time. But what exactly are ether tokens and Ethereum? And how is it different than bitcoin? We've broken it down for you. The reason you've been hearing about bitcoin for years, but Ethereum only recently, is that the latter was only developed two years ago while bitcoin's been around for almost eight years. Ethereum was created by Vitalik Buterin, a young programmer who was told about bitcoin by his father and decided to create a platform for smart contracts; which bitcoin is not designed to do. The Moscow native began working on Ethereum after he dropped out of college, according to CNBC. Ether tokens and bitcoin are called cryptocurrencies because they can be only be bought and sold digitally, are used to pay for things (including pre-school tuition), and because they fall outside of the control of central banks and other government entities that might control a national currency. They're built on a technology called blockchain. That's a kind of ledger that records and verifies transactions made on it. All transactions made on these so-called decentralized networks are public and not controlled by one governing entity. Lately, the idea that both sides of a party say two banks that buy and sell shares from each other can get an accurate and verifiable record of the transaction instantly, has gripped Wall Street and other institutions as something that can be used in lots of ways. There are Continue reading >>

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