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.
There has been much concern about the death of music industry in recent years. However, its revival is just around the corner. Musicoin allows artists and consumers to exchange music and value on a frictionless platform.
Russia has a complicated history with Bitcoin. The debate to ban the cryptocurrency has swayed back and forth for the past several years, even threatening extremely harsh prison sentences, but things have recently taken a more supportive turn.
With significant discrepancy between The DAO and virtual good-esque ICOs, we can expect the latter to be safe from the vice grip of US regulators for the foreseeable future. Entrepreneurs can still look towards ICOs as potential opportunities post the investigative report - but keep an eye out for further developments.
investFeed is a New York based “community powered social trading network” making the switch from US equities to cryptocurrency. Their pivot to digital currencies is described as a key move to cater to an exponentially growing industry. Check this piece out to read about developments on the investFeed platform.
On the sidelines of the International Economic Forum in St Petersburg, President Putin and Ethereum founder Vitalik Buterin met briefly and discussed the direct application of blockchain technology in Russian businesses and particularly banking systems which we may see in the coming years.
Invest.com’s prediction market product Stox will launch a token sale using Bancor’s smart token protocol. The funds raised will be used to develop the Stox open source, Ethereum-based prediction market platform.
The Swiss city of Zug is leading the charge for legacy governments to adopt blockchain technology. A pilot program will allow citizens to gain access to some of the city’s services using their uPort account.
Eros.vision is a wonderful concept (or degenerate anarchy, depending on your value-system). They propose a decentralized marketplace for sexworkers and clients to find each other. The vision is a very good one. If they don't do it, someone else should.
iExec, a next-generation distributed cloud computing project built on Ethereum, is joining the Enterprise Ethereum Alliance. iExec aims to create a decentralized cloud and set up a marketplace for computing resources.
San Francisco based Numerai is launching a new virtual currency, the first from a hedge fund, which is set to play a key role in perhaps conjuring a new invisible hand. This synergy is expected to emerge, as with Smith’s version, from a multitude of individuals - but this time from collaboration, not competition - driving value for both the individuals and the company.
NEVERDIE, a leading brand in real currency Massively Multiplayer Online Role-Playing Games (MMORPGs) and virtual worlds, is launching a $1.1 billion market cap ICO on the Ethereum Blockchain to kickstart game economies and create jobs in virtual worlds.