Ethereum


Also found in: Medical.

Ethereum

A smart contracts and electronic payment system introduced in 2015. Like Bitcoin, Ethereum is a blockchain-based distributed ledger; however, Ethereum's purpose is to provide a platform for third parties to develop decentralized applications (dApps) that are secure and verifiable. People use the Ethereum code to create their own assets in the form of digital tokens, which can be fixed or fluctuate, and payments are made in Ether (ETH) digital currency. Bitcoin confirmations take minutes but Ethereum takes only seconds, and fees are based on "Gas," which is the amount of time spent validating the transactions.

2018 - A Roller Coaster Ride
Like Bitcoin, 2018 was the year cryptocurrency values dropped precipitously. Ethereum's price started the year at USD $1,400 and ended at $117.

Ethereum Classic (ETC)
Due to a hacking event that stole USD $50M in Ether from an Ethereum-based venture capital project known as "The DAO," Ethereum was split into Ethereum Hard Fork and Ethereum Classic in 2016. Ethereum Hard Fork (ETH) started with a revised blockchain and returned the stolen funds to the DAO token holders. Ethereum Classic (ETC) continued to use the old blockchain, and the two are not compatible. As of 2019, one ETH is considerably more valuable than one ETC. See Wei, proof of work algorithm, blockchain and Bitcoin.
References in periodicals archive ?
It is a decentralised job market built on the Ethereum platform, empowering burgeoning freelancers and clients across the globe.
Instead, most graphics-based mining is being driven by bitcoin rival Ethereum at this point," Moore said.
Vitalik Buterin, the founder of Ethereum, believed to be the world's second-biggest digital currency, has said that central banks around the world could take a long time to adopt digital currencies.
Since its launch on the Ethereum Blockchain in early May of 2017, bitqyck has worked to get bitqy listed on third-party exchanges, giving bitqy holders even more options for liquidity and giving bitqy exposure to new markets.
Billionaire tech investor and Dallas Mavericks owner Mark Cuban is supporting a developer of a Ethereum blockchain-based platform that claims to be the future of online communications.
However, ether has opened new opportunities for digital currencies and software development through its blockchain, ethereum.
Because they used a bitcoin-based counterparty, this move didn't stir up the type of controversy the Ethereum community faces over proposals to (https://www.
This raise gives momentum to tackle the growing issues of scalability and security that affect public chains like Ethereum and Bitcoin.
Morgan Stanley analyst Joseph Moore noted that he had previously expected Ethereum mining revenue for graphics vendors to decelerate meaningfully starting in Q4.
A" fled overseas after telling investors he would return the 200 billion won plus profit with an Ethereum virtual currency token.
Global Banking News-October 19, 2017--Sberbank joins Enterprise Ethereum Alliance
com) is now making a strong impact in the global cryptocurrency market with their three powerful mining rigs that have already proven their efficiency in Bitcoin, Litecoin, Dash, and Ethereum mining.