Ethereum 101: from Idea to Release
Ethereum went live on June 30, 2015, arguably having become the largest news in crypto since the advent of Bitcoin. But when its idea was born and who are its founding fathers? The birth of the idea. When was the idea of Ethereum born? Some say it happened in 2009, with the appearance of Bitcoin as the first ever practical solution of decentralization. There is no doubt that seeing Blockchain succeed in the form of a payment protocol has had a great influence on Vitalik Buterin, the creator of Ethereum. However, a more particular date would be 2012. That year, Buterin left the University....
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Despite the hurdles facing the platform, the Ethereum network could end up emerging stronger and accomplish the milestones it set out to achieve in 2017, especially those related to smart contracts. Vitalik Buterin, co-founder of Ethereum, in his paper “Opportunities and Challenges for Private and Consortium Blockchains” released by the R3 Consortium earlier this year, highlighted some of the milestones, which include: Serenity (‘Ethereum 1.5’): the release of the proof of stake (Casper) version of the Blockchain, also including Ethereum Improvement Proposals (EIPs) 101 and 105. Expected....
Homestead, Ethereum’s second release, has moved the cryptocurrency beyond Beta. Experts told Cointelegraph that as a result it has improved its overall performance and encouraged more adoption by exchanges and developers. A step further from the Frontier. Ethereum has shown a pronounced growth within the world of Crypto. The first release of Ethereum named Frontier proved to become a formidable player within the industry, “Probably they will announce lower recommended confirmations for transactions. This is huge!" The release of Homestead has resulted in some significant shake-up. As we....
Disclaimer: I am an active participant in the Ethereum project and part of the organization along with Vitalik Buterin and Mihai Alisie. If you aren't yet hip to Ethereum, let me tell you just how excited I am for this project! I've never believed in the social value of altcoins, but Ethereum is something special, just like Bitcoin was special compared to eCash. In essence, Ethereum takes the blockchain/consensus technology and wraps a new system around it, such that Bitcoin is just a currency. And what is currency but some digital asset? Except digital assets can represent something more....
Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset, and even though the token hasn’t been created yet, there’s now a website called ethereumpow.org summarizing the coin’s goals. The Merge Upgrade Could Produce an Ethereum PoW Fork, Poloniex to List 2 ‘Potential Forked’....
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