Why Are People Looking up to Ethereum?
Ethereum is gradually gaining popularity in the digital currency sector and beyond due to the features and benefits the protocol has to offer. The demand for Ether, the crypto token of Ethereum platform is increasing. The price of Ether has increased by over 10 times since the beginning of this year. That is a great improvement for any cryptocurrency. But there are still those who ask, why they should care about Ethereum. What makes it different from Bitcoin and hundreds of altcoins that followed the mother of all cryptocurrencies? Well, for those who still have doubts about Ethereum....
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Could the Ethereum community fork the code and leave the original developers out in the cold? Concerns around the Ethereum premine seem to be one of the causes of the delay in launching an official IPO for the project. Finding the right funding model for any kind of free and open source software is always difficult because someone else can come in and start a new project by forking the source code. These issues are also compounded by regulatory concerns when actual "shares" in a new currency are going to be distributed to early investors. Some people who are upset with the original funding....
The basics. The ethereum network is a network of computers all running the ethereum blockchain. The blockchain allows people to exchange tokens of value, called ether, which is currently the second most popular cryptocurrency behind bitcoin. ethereum also allows people to write and put on the network smart contracts – general-purpose code that executes on every computer in the network (currently over 6,000 computers). People then execute these programs by sending ether to them. A DAO is a Decentralized Autonomous Organization. Its goal is to codify the rules and decisionmaking apparatus....
A lot of people are expressing their concern over the Ethereum fork idea. Decision-making of such proportions should be left to the community, rather than a handful of developers. The Ethereum ecosystem is still in a state of flux after the attacks against The DAO. It has become apparent the goal is to execute either a soft or hard fork to resolve this situation. But Peter Todd argues that forking is not the right way to solve this situation. A lot of people still seem to confuse The DAO with Ethereum and vice versa. The DAO is a project on top of the Ethereum platform, and Ether is the....
Gaining insights as to how a blockchain works and what it is capable of is invaluable to developers, business owners, and government officials. There is a lot of focus on the Ethereum blockchain in particular as of late, and Truffle will act as a developer environment and testing framework for this technology. This should make life easier for Ethereum....
If the Bitcoin price goes down, and the Ethereum price goes up during that period, does that means there is a shift in trading volume? But if that would be the case, why isn’t the Ethereum price dropping when Bitcoin goes up again and investors flock back to their original investment strategy? Once again, the charts by Cryptocompare will provide interesting insights. With all of the attention on the Ethereum project right now, there are a fair few digital currency enthusiast who would love nothing more than to see this project overtake Bitcoin in every way. More importantly, when Ethereum....