Cryptocurrency Market Capitalizations Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).
Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed development of a new platform with a more general scripting language.
At the time of public announcement in January 2014, the core Ethereum team was Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson. Formal development of the Ethereum software project began in early 2014 through a Swiss company, Ethereum Switzerland GmbH (EthSuisse). Subsequently, a Swiss non-profit foundation, the Ethereum Foundation (Stiftung Ethereum), was created as well. Development was funded by an online public crowdsale during July–August 2014, with the participants buying the Ethereum value token (ether) with another digital currency, bitcoin. While there was early praise for the technical innovations of Ethereum, questions were also raised about its security and scalability.
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Bitcoin (BTC) Supply To Be Increased With...
by Yusuff Olayode Supoto on April 26, 2018 at 15:52
A data from Blockchain.info revealed that there may be an increased supply of Bitcoin due to the 17 millionth bitcoin alleged to be mined in some days. This is a huge progress for bitcoin, due to the fact that Bitcoin’s byelaw stipulates that only 21 million bitcoin can ever be created. The […]
Price Analysis – EOS between Bulls and Bears
by Dmitriy Gurkovskiy on April 26, 2018 at 11:59
EOS price stabilized not far from February highs today on Thursday April 26, being currently traded at $14.39. On D1, one can notice the price consolidating after the previous uptrend, while H4 shows the local correction is still on, Dmitry Gourkovsky, Chief Analyst at RoboForex, says. The overall […]
Tron (TRX) Promises 10,000 Transactions Per...
by John P. Njui on April 26, 2018 at 11:32
Since the release of Tron’s Testnet on the 31st of March, there seems to be good news from the Tron foundation on a daily basis. This is welcome news for the project and perhaps the main explanation of the recent surge of Tron (TRX) in the markets that left traders celebrating and others […]
Potentials In Newly Unveiled (LTC) Litecoin-Wirex...
by Yusuff Olayode Supoto on April 26, 2018 at 10:56
Even though Litecoin-Wirex Debit Card launch had been announced earlier, the proper unveiling was still stunning, outstanding and mind blowing. Prior, the yesterday released debit card that featured both company had risen curiosity and thirst from people who want to experience the latest […]
Ripple’s (XRP) Crypto Market Share Up 2%
by John P. Njui on April 26, 2018 at 10:25
The markets are all red this morning and our beloved Ripple (XRP) has not been left behind. XRP is currently trading at $0.787 at the moment of writing this. This is a drop of 6% in the last 24 hours and down 17.3% from recent highs of $0.9642 early on yesterday, April 25th. Ripple price […]