I am a cryptocurrency business that provides Cryptocurrency content to a wide range of readers, fans, Plus so much more. This Blog is meant for a more detailed description of what Bitcoin BTC is. And how you can get started with Bitcoin.
If you would like to start, Collecting, Earning, Investing, And Learning about Bitcoin BTC. Then check out our main Business website HERE or - http://vexedcoin.com
- - - -
A DETAILED DESCRIPTION OF ETH ETHEREUM
- - - -
Ethereum (ETH)
Ethereum (ETH) is a decentralized computing platform founded by Vitalik Buterin and many others. Development began in 2014, with the official release occurring in mid-2015. Described by Buterin as a decentralized computing platform, Ethereum is a more wide-ranging application of the Decentralized Ledger Technology pioneered by Bitcoin.
Ethereum was designed with the intention of having a scripting language for application development, which Bitcoin lacks. Dapps (decentralized apps) are now some of the most intense research and development areas in the digital currency space. As mentioned by Buterin, Ethereum trades some security for versatility, though the development team is working extensively on improving security and scalability.
Though it does take inspiration from Bitcoin, it differs in many ways. One notable difference is that the consensus mechanism algorithm gives ASICs less of an advantage. Block times range from 10 - 15 seconds as opposed to Bitcoin’s 10 minutes. One notable incident in Ethereum’s history occurred in 2016, when a smart contract flaw resulted in the theft of approximately $50 million worth of Ether. This subsequently resulted in a hard fork, splitting the Ethereum blockchain in Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum itself, like Bitcoin, has inspired many projects, including rival platforms that seek to address the shortcomings of Ethereum. These platforms include EOS and TRON, which at the moment are its two closest competing platforms. Ethereum’s purpose of creating a platform for decentralized applications is its most vaunted aspect, as dapps are widely considered to bring the next era of adoption as specific, well-developed and user friendly crypto-based applications bring legitimacy to digital assets in the wider world.
Ethereum (ETH) is a decentralized computing platform founded by Vitalik Buterin and many others. Development began in 2014, with the official release occurring in mid-2015. Described by Buterin as a decentralized computing platform, Ethereum is a more wide-ranging application of the Decentralized Ledger Technology pioneered by Bitcoin.
Ethereum was designed with the intention of having a scripting language for application development, which Bitcoin lacks. Dapps (decentralized apps) are now some of the most intense research and development areas in the digital currency space. As mentioned by Buterin, Ethereum trades some security for versatility, though the development team is working extensively on improving security and scalability.
Though it does take inspiration from Bitcoin, it differs in many ways. One notable difference is that the consensus mechanism algorithm gives ASICs less of an advantage. Block times range from 10 - 15 seconds as opposed to Bitcoin’s 10 minutes. One notable incident in Ethereum’s history occurred in 2016, when a smart contract flaw resulted in the theft of approximately $50 million worth of Ether. This subsequently resulted in a hard fork, splitting the Ethereum blockchain in Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum itself, like Bitcoin, has inspired many projects, including rival platforms that seek to address the shortcomings of Ethereum. These platforms include EOS and TRON, which at the moment are its two closest competing platforms. Ethereum’s purpose of creating a platform for decentralized applications is its most vaunted aspect, as dapps are widely considered to bring the next era of adoption as specific, well-developed and user friendly crypto-based applications bring legitimacy to digital assets in the wider world.
- - - -
VexedCoin - A Cryptocoin And Cryptocurrency Business created and maintained by Vexed Inc
- - - -
VexedCoin Highly Recommends And Supports The Internets Newest Web Browser - BRAVE - This web browser has many great features and is a smooth experience when using it. You also get rewarded with - BAT Basic Attention Tokens for using it every day. Making it your default web browser on your computer is another great idea.
Download The BRAVE Browser HERE Or Through The Image Above. This is free to do and will not cost you anything, Quite the Opposite, BRAVE rewards its users with BAT Basic Attention Tokens. Plus so much more. ENJOY
