Ethereum News

Ethereum is an open-source blockchain platform that can be used to build and run decentralized applications (DApps). The Ethereum blockchain has its own native token called Ether, which is currently the second-largest cryptocurrency by market cap.

Unlike other applications, DApps are “hosted” on a blockchain which makes them decentralized. This allows them to run exactly as programmed without the interference or control of a single entity.

Initially conceived by Vitalik Buterin, the Ethereum project was intended to be a lot more than just another cryptocurrency. His idea was to create the first ‘programmable’ blockchain that developers could use to create a wide range of applications.

Ethereum went public in 2013 with a whitepaper outlining its ambitious plans. This led to several key developers coming on board. In 2014, Ethereum completed its ICO, raising $18 million in 42 days through the sale of Ether.

Essentially, Ether is a cryptocurrency like Bitcoin and is traded as such. Ether uses the ticker ‘ETH,’ and it trades on almost all major cryptocurrency exchanges. This includes prominent exchanges like Binance, Coinbase, and BitMEX.

Ethereum can process transactions much faster than Bitcoin, although it has had some difficulties operating at scale. Some believe that Ethereum will become the ‘Microsoft Windows’ of the blockchain world, with Ether becoming the leading cryptocurrency. But as of now, this remains uncertain as Ethereum has stiff competition coming from other smart contract platforms such as EOS and TRON.

Ethereum is often criticized for its over-complexity, but it’s the freedom it provides developers on the platform which has led to its growth. The Ethereum ecosystem is continuously growing and evolving, and it pays to stay up to date with the latest Ethereum News.

If you are looking to learn more about Ethereum and how it works, you should read our Ethereum guide. Developments occurring in the ETH space relating to DApps, smart contracts, ERC20 tokens, and more are covered in detail by [blokt] journalists in this news section.


Ethereum Classic Is Now Supported on the Coinbase Wallet

Cryptocurrency exchange Coinbase announced on Monday that has added support for Ethereum Classic (ETC) on its Coinbase Wallet. With this addition, Coinbase Wallet now supports...

Gaming and Betting Account for 78% of Ethereum Dapps Launched in...

Ethereum’s ability to facilitate the creation of decentralized applications has helped it become one of the top three crypto and blockchain platforms in the...

The Swiss Federal Railway Trials a Digital Identity Pilot on the...

The Swiss federal railway SBB is working on implementing its first blockchain use case around certifications for its employees that work on railway tracks....

Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall...

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital...

Korean Exchange Pure-Bit Pulled an Exit Scam of at Least $2.87...

Funds from another ICO have just disappeared into thin air leaving investors in total despair. Pure-Bit pulled out this latest scam on November 9,...

Ethereum’s Smart Contracts Lack Diversity, Posing Risk to Entire Network

Although Ethereum is the second most popular cryptocurrency, with a market capitalization of $21.47 billion, and has the strongest developer community network, a University-based...

A Straightforward Way for Dot Eth (.eth) Domain Acquisition That Works...

ETHSimple is the latest service that intends to make the process of registering a .eth domain name through ENS easier for the average user....

Quorum Blockchain by JP Morgan Is Tokenizing Gold Bars for Global...

Wall Street is interested in blockchain. Recently, Ripple claimed to have received an over 400 percent quarter-on-quarter increase in direct institutional buying at their...

Dusk Network Debuts on the Ethfinex Token Sale Platform

Dusk Network aims to use zero-knowledge cryptography to eliminate middlemen from the regulated markets while ensuring regulatory compliance. The Dusk Network token sale will be...

SpankChain, Adult Website Built on the Ethereum Platform, Foregoes Security Audit,...

SpankChain, a blockchain-based porn website built on the Ethereum network, announced via a blog post on Oct. 9 that it had been hacked and lost...

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