Ethereum News: Ethereum is a public, blockchain-based, open-source computing platform that is responsible for making smart contracts accessible. It was created and proposed by Vitalik Buterin back in 2013. After a successful crowdsale, the project went live on July 30th 2015, revolutionizing the whole cryptocurrency industry and commercialized Initial Coin Offering crowdfundings, by simplifying the process with smart contracts. The Ethereum platform brings you Ethereum news and allows the development of Decentralized Applications (DApps) and serves also as a community for programmers and innovation.
Ethereum introduced their cryptocurrency – Ether (ETH), which is the second largest cryptocurrency by market capitalization. Although second by market cap, Ethereum is arguably the most impactful cryptocurrency, because it had the biggest impact on the whole digital economy. Ethereum uses an improved version of Satoshi Nakamoto’s Proof-of-Work (PoW) algorithm, but as Ethereum makes further progress on its whitepaper, it will switch to Proof-of-Stake (PoS) so it can complete its cycle and make the whole system self-sufficient.
We are more or less aware about which are Bitcoin’s scaling issues. The high fees and slow transaction times are pushing individuals to process payments with other cryptocurrencies. One of the most used for this purpose is Ether. The cryptocurrency that runs in the Ethereum’s platform has lower fees and faster transaction times. But… since a couple of months, Ethereum is having scaling problems that are affecting its performance.
“EtherZero – Next Generation of Smart Contract Platform” is the motto of the ETZ creators. Their goal is to bring DAPPs to the next level by basically taking away the transaction costs. Find out more in our article!
Ethereum is the second largest Cryptocurrency, by market share, behind Bitcoin. With the ever-increasing interest in smart contracts and the global acceptance, by governments and large corporations, of Blockchain technologies, more and more consumers are seeking for a way to get their hands onto Ethereum.
Parity has released a statement in which they explain which are the possibilities to unlock the frozen funds. Parity Tech states that they prefer the hard fork solution and that they will work to gain consensus in the community.
Ethereum has seen a price increase in the last days. It has reached $535 dollars in GDAX exchange on December the 9th. This represents a price of about 28 percent in less than 48 hours. At the moment of writing the article Ethereum’s currency, Ether, is being traded around $460 dollars.
An unusual thing has created congestion on the Ethereum Network. We are talking about cats. Yes, cats. CryptoKitties is one of the first card games to be built on blockchain technology. As of today, the game has moved almost $5 million dollars. Some days ago, 15 percent of all the Ethereum traffic was dedicated to this game.