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  • SaturdayThoughts, from Benzinga: "INX ONE seems to be focused on the future while not leaving behind the fundamentals of the present and past...INX believes security comes first." well put! Read more: September 24, 2022
    https://www.benzinga.com/markets/cryptocurrency/22/09/28984492/inx-one-is-pioneering-a-new-digital-platform-while-meeting-the-demands-of-the-sec submitted by /u/robertafritz [link] [comments]
    /u/robertafritz
  • How did the block come about? September 24, 2022
    Now, countless transactions occur all over the world. In what order should they enter the chain? Naturally, TX, which is fast in time, should be included in the chain first. Let's think about the banking system. What would the world be like if banks handled transactions in the order of payment of fees rather than […]
    /u/gotificial
  • [help] ethscan to google sheets September 24, 2022
    hi folks, for tax reasons I want to get the relevant informations from some transactions from ethscan explorer to google sheets. Like time, transaction fees,... couldnt figure it out myself yet Maybe someone of you guys have a handy too/method to achieve this. ​ thanks in advance cheers submitted by /u/Kazzle87 [link] [comments]
    /u/Kazzle87
  • The current legal situation for DeFi in the USA September 24, 2022
    ok so, if you’re going to build, don’t build in the US if you’re going to vote, don’t vote in the US if you do either of the above ^ also don’t travel to the US but go ahead and hire your marketing, BD, and legal team in the US got it submitted by /u/ManBearPig9220 […]
    /u/ManBearPig9220
  • Advice needed. Sent WETH not EtH to swyftx. Will it show or Can i recover? September 24, 2022
    Any help with weth transfer from meta mask to swyftx? Sent WETH not eth to my swyftx wallet. Now thunking i should have converted it to matic and then sent back to swyftx… The addresses all worked and the transaction is verified. But i dont think swyftx support weth yet. I cant find any deposit […]
    /u/Dusk2-0

What Is Ethereum?

It is a decentralized network built in an open source to enable users send and receive currency and make use of its’ platform to design and develop decentralized Apps. As a P2P network, it can allow systems to interact securely with a multi-functional blockchain. The ethereum platform runs on smart contracts without any downtime, or interference from third-party. Ethereum makes it easy to create smart contracts, code that developers can tap and easily deploy for a range of applications. Vitalik Buterin who is a developer designed Ethereum protocols to enable developers to develop a diversity of apps that bitcoin could not offer.

Ethereum is not just about currency but an API platform you can achieve all you want to achieve.

Ethereum foundation based in Switzerland oversees the affairs of Ethereum network.

TEAM.

Vitalik Buterin is the CEO who developed the ethereum protocol and co-founded by Dr Gavin Wood who wrote the ethereum yellow paper.MR. Joseph Lubin was also one of the co-founders.

PRACTICAL USE OF ETHERUM

  • You can store valuable assets.
  • It can be used for electronic voting
  • With ethereum, trading apps are now actively being built and deployed faster now. Developers are being provided with tools to build decentralised applications and the smart contracts are anonymous and failure proof.
  • Ether, the fuel of ethereum network is used as ICO tokens for many companies who are in crowd safe.
  • Ether is widely accepted by many merchants and is used to trade.
  • It is used to purchase other currencies.

Mining Ethereum

Ethereum network can be mined using two methods. They are: CPU/GPU and Mining pool.

CPU/GPU Mining: CPU/GPU is a computer that has a graphical interface. It uses Proof of Work(PoW) to mine and to secure both the transaction records and the rewards. The Proof of Work(PoW} is SHA-256 algorithm. The GPU is more efficient and faster than the CPU. Both delay a lot in recording the transactions to the blockchain, and this also delays rewards.                    The advantage CPU/GPU mining has over others is that it gives better privacy.             Ethereum does not support ASIC mining.                                                                                        Please note that one needs to disable antivirus to allow mining take place.

Mining pool: This method involves forming a group and putting resources together. Once a computational problem is solved, new blocks added to the blockchain and the transaction records updated, the reward will be given to the pool. The ether coins being given as a reward will be shared amongst the members of the group based on the contribution.

NOTES FOR INVESTORS

Ethereum network is one of the promising cryptocurrency investments of 21st century. Ether as a token is one the top three valued asset in the crypto market with a market capitalization of $27billion.It has achieved 40% of what bitcoin has achieved and is still making efforts to bridge the gap.

In January,2017,ether was sold at $8 but in November,2017,it has risen to $400.This is an estimated growth of 1200%.

Ethereum is one investment that, no serious investor should overlook.

MUST READ!

Cryptocurrency investment is speculative, and it involves unquantifiable risks – the market is full of uncertainty, susceptible to attack and capital loss, and sensitive to secondary issues, time may do not permit to mention here.
Seek advice before investing..