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.
Does Vitalik Buterin, Ethereum’s Blockchain creator, regret about not limiting Ether’s supply? Accordig to Bloomberg, “he may have created too much of a good thing.”
Nobody is safe. Not even Etehreum’s second most popular client, Parity. The company announced that they have been hacked by this address on November the 6th. 500,000 ETH are compromised.
In a country where the currency (Bolívar) loses its value every single day, is not possible to use cash anymore. A standard family only arrives to eat at the end of the month. Lets not talk about tooth paste or toilet paper rolls, they do not exist anymore in the country. If one is lucky enough to be able to earn a decent salary, it would be impossible to pay everything with cash.
The Byzantium Hard Fork Byzantium is the first hard fork from a series of two that comprise the Metropolis Update . They aim to prepare the Ethereum network to transition from proof of work to proof of stake. The exact date of Byzantium’s launch on the main net is still not certain but the latest speculations are […]