Make Ethereum Great Again: How ETH Could Go Mainstream in 2017
In July of 2015, the world was introduced to Ethereum, and the altcoin market hasn’t been the same since. So what’s has the world’s second most popular cryptocurrency been up to lately? Ethereum’s Quick Rise to Fame. There was a time, let’s call that time, “2015,” when the Bitcoin ecosystem wondered aloud “When is there going to be an altcoin worth a damn?” Funny that we asked that because, in July of 2013, and officially launched in July of 2015, the world was introduced to Ethereum by wunderkind Vitalik Buterin, and the altcoin market has never been the same since. Time for an Ethereum....
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Mainstream media outlets are beginning to advance the idea that Ethereum and Bitcoin are traditional competitors. This notion does not make much sense. Ethereum and Bitcoin are two different expressions of a similar notion, with important differences that ultimately make them fundamentally different. While it is true both have great uses for online gambling, especially where it’s illegal, calling them competitors might be akin to calling fiat currencies competitors. While in a way they are, they are much more symbiotic in today’s political economy than competitors generally are considered....
The term “Blockchain startup” for many immediately conjures up images of money transfer, niche markets and complicated tech. In 2017, however, this stereotype is set to change. In this year Blockchain is widely expected to go mainstream, it is not just banks and giant corporations which are making it happen. Smaller outfits, catering to a wide user base with innovative products based on Blockchain technology are appearing everywhere. Innovation not necessarily technological. “I think very interesting use cases can be applied on Bitcoin Blockchain and work great,” Yonatan Ben Shimon,....
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....
As the Trump era dawns on the world, there are mixed feelings. On the one hand, there is the promise of a new age of politics brought on stage by a man that won the elections as an outsider. On the other hand, the anxieties stemming from the sheer unpredictability of the man. Yet there is one widely imagined benefit that Trump may have - He is good for Bitcoin. Make Bitcoin Great Again. Bobby Lee, CEO of BTCC is certainly upbeat about Donald Trump assuming the presidency. In a tweet, he says “Together, we can make #bitcoin great again”. Lee has been positive on Bitcoin prices for 2017 and....
When things get more complicated, and layer upon layer of functions and interacting smart contracts are built, the average user will no longer be able to make sense of it all. Despite all of the focus on the Ethereum ecosystem right now, one of the questions waiting to be answered is when the first project making great use of this protocol will come to fruition. Gavin Andresen is waiting for that project as well, and he feels how Ethereum smart contracts could potentially cause issues. It is important to note Gavin Andresen is not hostile towards Ethereum by any means. During a recent AMA....