Wednesday, March 27, 2024

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.

The Ethereum Blockchain Has Issues, but It Still Has No Real...

Julian Zawistowski, the founder, and CEO of Golem, recently stated that Ethereum is by far the most promising blockchain platform and it doesn’t have...

Vitalik Buterin Addresses His Safety Concerns About EOS’s New DPOS BFT...

A series of back and forth comments between the developing team behind the EOS new consensus mechanism, the DPOS BFT and the Co-founder of...

Steve Wozniak Believes Ethereum Could Be the Next Apple

According to the EconomicTimes, at the “WeAredevelopers” conference in Vienna on May 18, 2018, Wozniak acknowledged that “Ethereum interests me because it can do...

Deloitte’s Blockchain Veteran Leaves to Build Decentralized Supply Chain

According to Forbes, Piscini grew Deloitte’s blockchain department in 2012 from three people to 1,200 today. The blockchain department has also grown to become...

Industry Experts Predict Bullish Summer – Bitcoin & Ethereum Price Predictions

The market was shaken today by reports of a raid on the headquarters of Upbit, Korea's largest cryptocurrency exchange. These reports came just a...

Casper V.0.1.0, The New Ethereum’s Proof-of-Stake, Released on Github

On May 8th, 2018, Ethereum published the first version of Casper Friendly Finality Gadget (FFG), its new Proof of Stake algorithm on the Github...

“Sharding Is Coming”, Ethereum’s New Fork Choice Rule Unraveled

It starts with a three-word tweet. Ethereum’s co-founder and emblematic figure, Vitalik Buterin posted the following on April 30th, 2018: https://twitter.com/VitalikButerin/status/991021062811930624 The clear wink to George...

Ethereum All-Time High Within Grasp

Twelve months ago the Ethereum price was under $10. That might be hard to wrap your head around. For a lot of people who...