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.
In a recent video posted to his personal YouTube channel, Dogecoin creator Jackson Palmer explained how, in his view, the frenzy around Initial Coin Offerings (ICOs) is causing a speculative bubble in the price of ether, which is the native token of the Ethereum network. In the video, Palmer discussed four different ways the bubble could eventually pop.
Ethereum-powered decentralized exchange and trading platform openANX raised $14 million in the first hours of its OAX token sale. OpenANX wants to address two major problems in the cryptocurrency space: the barrier to entry for new cryptocurrency users, and transaction risk.
Ethereum-based Indorse wants to be a next-generation professional network, using new models of tokenization and decentralization to change the shape of professional social networking. Indorse aims to give back ownership of the data to the users, and allow users to profit from sharing their skills and activities on the platform.
BRAID, a psychological thriller directed by award winning filmmaker Mitzi Peirone, and produced by Logan Steinhardt and Arielle Elwes, with legendary blockchain entrepreneur Joseph Lubin, founder of ConsenSys, as executive producer, is poised to become the first major feature film to be fully financed through an equity crowdsale using cryptocurrency.
DAO.Casino is aiming to create the first casino run by a decentralized autonomous organization (DAO). It may very soon be changing the face of online gambling - for game developers, players and operators - while also acting as a proving ground for DAOs in general.
The Ethereal Summit featured heady panels with industry experts alongside crypto art, striving to be the “SXSX of Blockchain”. Panels covered topics such as future governance, finance, gaming, and AI. The conference coincided with a tremendous spike in the valuation of Ether, its price rising nearly 50 percent over the weekend.
The Aragon Network, a Decentralized Autonomous Organization (DAO) that wants to act as a container and a digital jurisdiction for other decentralized organizations, is selling a number of Aragon Network Tokens (ANTs) to the public, starting later today on the Ethereum blockchain.
Cryptonomos, a solution provider for blockchain-based crowdsales, announced a new venture to democratize mining and making it more profitable with the launch of a new token dubbed WTT, which offers access to the capacities of professional mining facility Giga Watt, designed and built by Bitcoin mining pioneer Dave Carlson. The stated goal is to make cost-effective mining available to everyone.
The Bancor Protocol is a proposed standard for the creation of Smart Tokens, a new category of intrinsically tradable cryptocurrencies that know how to provide their own liquidity and price discovery, without relying on an exchange. Crypto Insider reached out to Bancor CEO Guy Benartzi to find out more.