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.
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.
The second most important cryptocurrency by market capitalization breaks the $400 psychological barrier. According to Bitfinex exchange, Ethereum arrived at $426 dollars just some hours ago.
Since torrenting gained popularity in the late 1990s into the 2000s, musicians and others in the entertainment industry have been up in arms. Instead of buying music from music stores, customers were sharing copies of whole albums, feature length movies and other media. Instead of paying the artists and production companies for the rights to […]
A fork of the Ethereum blockchain is needed to launch the funds frozen during the parity hack some days ago. Martin Holst Swende, head of security for the Ethereum Foundation confirmed the information.