Ethercoin Raises Fundamental Questions about Trust In Altcoin Developers
Ethercoin is an asset backed by ether, which does not exist yet itself. If you have ever wished cryptocurrency operated more like central banks, you're not alone. Well, you probably are, but that has not discouraged the developers of Ethercoin from introducing a currency that would make the central bankers proud. By creating a coin that operates completely on trust and gives developers nearly complete control of the network, the Ethercoin developers are proving they could have what it takes to one day run a national government's central bank. Also Read: USDcoin May Become Reality, Says....
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Ethercoin is an asset backed by the Ethereum project's ethers, which Ethercoin developers purchased during the Ethereum presale. Assuming the developers fulfill their promise, ethercoin holders can redeem their coins at a 1:1 ratio for ethers once the Ethereum project official launches its blockchain. Since its launch, the ethercoin price has been incredibly volatile, bringing huge price swings almost every day. Nevertheless, the ethercoin price has been trending downwards. This price decline might tempt traders to invest on speculation, but investing in Ethercoin is a bad idea. Also Read:....
The discussion and debate around the DAO vulnerability raises questions about trust and the human factor in the evolving realm of distributed ledger technology, Sean Neville, co-founder and president of Circle, noted in a Medium blog. Trust in the safety of assets and data in blockchain systems does not depend on human gatekeepers, Neville noted. But governance over software deployment of specific implementations still requires votes of trust. A P2P Network Is Built On Trust. Everyone in a peer-to-peer network implicitly if not explicitly executes trust decisions in the software, its....
Stephen Tual of Ethereum has confirmed speculation about the soon to be 'launch' of the project leading to the controversial third party traded 'Ethercoin' to skyrocket in price. On their official blog, Stephen Tual, CCO of Ethereum confirmed speculation that the international project would 'launch' stating that “We are only days away from launching ‘Frontier.’” He goes in some depth as to what to expect and where to get the information you need. Tual also explained that as far as the 'launch' goes: “There will be no countdown – Ethereum is not something that’s centrally ‘launched,’ but....
A new altcoin ranking system has hit the market today that looks to take a completely different approach to the way traders determine investments. Coins Source's new Trust Index considers factors much deeper than market capitalization and volume. It looks beyond those figures and into the back-stage, where developers, foundations and organizers conduct work. Trust Index measures trust and reliability, two very important, but often overlooked, factors in investment decision-making. CCN. Right now, there are a couple ways to research investment. Anyone can go on Coinmarketcap and look at the....
Three weeks ago, Tyler and Cameron Winklevoss announced the formation of a new trust, Bitcoin Water Trust. A trust whose aim is to bring drinkable water to people who do not have access to it. The Winklevoss twins announced the launch of the trust in Miami earlier this year. The unique model for the trust […]