Ethereum news highlight the latest developments of the world's largest platform for smart contracts and decentralized applications (dApps). The protocol, which was first envisioned by Vitalik Buterin in 2013, is rather versatile and offers many features which have earned the network many nicknames: the world computer, the DAO (Decentralized Autonomous Organization) platform, the network to tokenize everything, the Turing complete Bitcoin, the smart contracts machine, the ICO platform, and the bureaucracy replacer.
The current project which we refer to as "Ethereum" is the faction that forked from the original blockchain in 2016 after the DAO hack, when the decision of the community members was to roll back the blockchain to retrieve stolen funds. The other side is currently called Ethereum Classic and is committed to operate under a set of rules that makes it more similar to Bitcoin.
A few months after becoming the world's second biggest cryptocurrency in terms of market capital in March 2016, Ethereum news about scalability issues emerged. Correspondingly, developer teams across the world have decided to start working on improvements such as second layers (Plasma, Raiden) and fundamental changes (blockchain sharding and Casper Proof of Stake, which will eventually lead to Ethereum 2.0).
Though it hasn't managed to flippen Bitcoin and is being challenged by competitors such as EOS, NEO, Tezos, TRON, and Cardano, Ethereum manages to remain relevant in the cryptocurrency space thanks to its bold approach to innovation and willingness to take on risks. As opposed to Bitcoin, the governance of ETH is more centralized, with the Ethereum Foundation which has a lot of influence on the decision making and a well-documented precedent of being able to fork the blockchain in order to revert transactions.
Crypto Insider will bring you the freshest and most relevant Ethereum news, as our journalists will tackle both the protocol improvements and the price movements via technical analysis.