Ethereum's falling price splits the crypto community TechCrunch
January 16, 2019 2:14 PM Hello And Welcome Back To The Latest Edition Of All The Cryptos Are Getting Rekt Right Now. Crypto bloodbaths have become fairly common in 2018 ? mainly because of the insane growth in 2017 ? but we?ve not covered them all because they are so numerous and often include so-called ?flash crashes? or small drops, but the fall happening today is worth noting for several wider reasons. Primarily that?s because this is a major test for Ether ? the token associated with the Ethereum Foundation that is the second largest cryptocurrency by volume ? has been on a downward spiral with little sign of change.
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Ethereum Latest Update: Is Ethereum (ETH) Falling to Double Digits - ETH News Today - ETH/USD Price Today
January 16, 2019 2:14 PM A recent analysis of the charts indicate that the price of Ethereum (ETH) has continued to drop sharply. In fact, the rate at which the digital asset is falling is much higher compared to other assets among the top tokens. This continued downward spiral has surprised investors and is causing concerns among many regarding were the digital asset is heading. It appears that no bottom is OK for Ethereum (ETH) as it continues to drop. Currently, Ethereum (ETH) is trading around $103. This shows that the digital asset has fallen from approximately $1200 since the start of the year. Thus, the token has lost over 90% of its original value due to the highly volatile market.
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Why is the price of Ethereum falling in the past couple months - Quora
January 16, 2019 2:13 PM aGdo RbOyi pCHOmDEECXT TEzxacZhCaqnXgneH Reason 1) In the January ?alt season? values of almost every altcoin tripled in a short space of time. This is unsustainable, and attracts idiots like flies to shit. What happens is the dumbest investors in the world didn?t buy Ethereum at $1, but they plunged balls deep at $1200. Anyone who buys something for 1000x it?s original price (more actually) is deep down scared that he bought the top. So they become emotionally fragile, prone to selling off if things don?t go their way. We call this being a ?weak hand?. They hold on for a while, but truthfully most of them are secretly hoping to ?hold until they get their money back?.
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Arkane's developer portal has been updated, now including quickstarts and code examples (for mobile, single page and backend apps) on how to build user-friendly Ethereum dapps using the arkane platform
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Vibe tokens to start trading on LiveCoin
January 16, 2019 2:09 PM After the successful crowdsale that took place on September, 5th, and continued for less than 5 minutes, the team of a decentralised platform Viberate prepare to introduce their token Vibe on the cryptocurrency exchanges. Viberate is a crowdsourced live music ecosystem and an evolving marketplace, where we will match musicians with event organizers. Now working as a kind of IMDB for live music, it features over 120 thousand profiles of musicians, joined by 50 thousand venue profiles. Each profile contains daily updated social media stats, gig dates, contacts and recent content. Viberate's recent ICO made history by selling out in under 5 minutes, hitting their over $10M hard cap. Viberate has officially joined some of the most successful crypto projects to date, receiving a vast support from all over the world.
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Ethereum Seeks to Prove a Crypto Fork Need Not Be Contentious - Bloomberg
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January 16, 2019 2:09 PM Create your free GitHub account today to subscribe to this repository for new releases and build software alongside 28 million developers. carver released this Jan 16, 2019 ˇ 152 commits to master since this release Due to some security concerns raised today, all core devs decided to delay the hard fork. We delayed the Constantinople VM in this PR: #176
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Future-compatibility for sharding - Sharding - Ethereum Research
January 16, 2019 2:03 PM In my opinion, the current sharding spec as described here https://github.com/ethereum/sharding/blob/develop/docs/doc.md is basically already good enough to get us to thousands of transactions per second with reasonable security properties, as well as the ability to add cross-shard transactions as a not-that-difficult second step . The demand for scaling is urgent, so it seems reasonable to just build this possibly with minor changes, launch it as fast as safely possible and go from there. That said, I?d like to make sure that the design decisions we make also give us freedom to upgrade the design over time, and don?t end up hamstringing us in unexpected ways. Here are some ways in which we?ve been hamstrung so far:
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Off-chain payments: the key breakthrough in the Ethereum scaling debate | ITProPortal
January 16, 2019 2:03 PM By Dr. Arthur Gervais 2018-06-12T10:30:07.162ZBusiness It has become evident that as the Ethereum ecosystem has expanded, there are serious limitations on the ability of the Ethereum blockchain to cope effectively and efficiently under high transaction demand. This comes down to one simple fact: Ethereum, in its current state, does not - and importantly, cannot - scale. Indeed, Vitalik Buterin (Co-Founder of Ethereum) proclaimed in June 2017 that ?Ethereum?s scalability sucks.? Buterin?s honesty highlights what is currently considered by many to be the largest barrier to Ethereum?s mainstream adoption: the inability to scale beyond 15-25 transactions per second.
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The State of Scaling Ethereum ConsenSys Media
January 16, 2019 2:03 PM A concise overview of the challenges and solutions to scaling the Ethereum Network Ethereum developers have long known that scaling the network is a subject worth discussion and investment. The matter did not quite spill out from the developer community, however, until late 2017, when a decentralized application (dApp) named CryptoKitties attracted so much traffic it began slowing down the network. On top of network latency, the price of gas???the fee required to run each operation within a contract on the Ethereum blockchain???soared as users competed for their transactions to be validated. Though the story is now over-reported and exhausted, the CryptoKitties situation revealed that Ethereum in its current state may not be prepared for the amount of traffic that would accompany the launch of a successful dApp. Slow speeds and volatile usage-costs drive people away from platforms and applications. DApp developers are charging ahead to release the first widely-adopted application, so Ethereum developers must continue working to scale the blockchain.
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January 16, 2019 2:02 PM Almost three years ago, the first public version of Ethereum was released. The new blockchain was born from a whitepaper by Vitalik Buterin, a young man who cut his teeth in the cryptocurrency space writing for Bitcoin Magazine. Ethereum distinguished itself from Bitcoin right from the start, in its whitepaper. Whereas Bitcoin was intended to be a digital currency or a store of value, Ethereum was intended to be a kind of decentralized supercomputer: ?a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create ?contracts? that can be used to encode arbitrary state transition functions.? These two very different blockchains now have the two largest market caps of any cryptocurrencies, with BTC at $128,469,761,721 USD at time of writing, and ETH at $58,534,876,766 USD. But beyond their mutual success, how have these two cryptocurrencies performed relative to each other over the years? Here?s how Ethereum stacked up to Bitcoin back then, on August 7, 2015:
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Ethereum will Eventually Reach 1 Million Transactions Per Second, says Vitalik Buterin | Coindelite News
January 16, 2019 2:02 PM Mr. Vitalik Buterin, the creator of Ethereum, has described in a recent OmiseGO AMA session that with second layer solution such as Sharding and Plasma, the Ethereum network will be ultimately able to process 1million transaction per second and probably more than 100 million transactions per second. Earlier, at various conferences and presentations, Vitalik Buterin indicated that the Ethereum Blockchain protocol and decentralized blockchain networks are struggling to deal with scalability issues. In September 2017, during an interview with venture capital investor Naval Ravikant at the Disrupt SF 2017 conference hosted by TechCrunch, Vitalik Buterin remarked that Bitcoin and Ethereum have been processing 3 to 6 transactions per seconds at peak capacity. He continued that the blockchain to support large-scale payment networks, for instance, Visa, Internet of Things (IoT) networks and stock markets like Nasdaq, it will have to process hundreds of thousands of transactions per second.
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Shopin Partners with iExec to Bring Over 1 Million Transactions Per Second to Ethereum DApps | Markets Insider
January 16, 2019 2:02 PM NEW YORK, Jan. 11, 2018 /PRNewswire/ -- Shopin, the first universal shopper profile that delivers the most personal shopping experience on retailers' websites using blockchain and A.I technology, today announced a strategic partnership with iExec, a leading blockchain-powered, cloud computing platform. Through collaboration with iExec, Shopin will run as a decentralized application on a private blockchain that interfaces with the Ethereum blockchain using atomic swaps. The partnership enables Shopin to scale its application to enterprise-level needs for millions of shoppers and retailers, enhance the benefits of the Ethereum blockchain without restrictions, and democratize shopper data by giving consumers full ownership and control over how, when, and where they use their preferences and purchase history data.
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How Ethereum Measures Up to the Stock Market - Longhash
January 16, 2019 2:01 PM One common complaint about Ethereum, a global computing network, is that its transaction time is just too slow. Some have compared Ethereum blockchain to Visa, for example, pointing out that the former processes 15 transactions per second while the latter does more than 45,000. Ethereum's speed in hindered by the fact that there is a limit to the the number of computations per block. A skeptic would say that this slow transaction time proves that Ethereum is insufficient as a payment platform. An optimist, on the other hand, would argue that this is just the beginning, and there's plenty of room to scale.
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ETH Creator Vitalik Buterin says Ethereum Will Achieve 1 Million Transactions Per Second
January 16, 2019 2:01 PM ETH creator Vitalik Buterin says that ethereum will soon reach 1 million transactions per second. He was speaking in a recent OmiseGO AMA session. He said that with the help of second layer solutions like Sharding and Plasma, the ethereum network will be able to process 1 million transactions per second. Before this, at various conferences Vitalik had always emphasized that scalability has always been a complicated issue and ethereum is struggling to deal with scalability issues. The reason I think layer 1 and layer 2 are complementary is because ultimately, if you look at the math, the scalability gains from the layer 1 improvements and layer 2 improvements do ultimately multiply with each other. If you have a Sharding solution, the Sharding solution itself might increase the scalability of Ethereum by a factor of 100, or eventually even more. But then, if you do Plasma on top of the scalability solution, then what that means is, you?re not just doing 100 times of the amount of activity but you are doing 100 times the amount of entrances, the amount of exits, and despite resolutions, said Buterin.
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How many transactions per second does Ethereum support Is there a road map for improving this amount - Quora
January 16, 2019 2:01 PM Still have a question? Ask your own!
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Vitalik Buterin: Ethereum Will Eventually Achieve 1 Million Transactions Per Second
January 16, 2019 2:01 PM Vitalik Buterin, the creator of Ethereum, has explained in a recent OmiseGO AMA session that with second-layer solutions such as Sharding and Plasma, the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transactions per second. Previously, at various conferences and presentations, Buterin emphasized that the Ethereum blockchain protocol and decentralized blockchain networks, in general, are struggling to deal with scalability issues. In September 2017, during an interview with venture capital investor Naval Ravikant at the Disrupt SF 2017 conference hosted by TechCrunch, Buterin noted that bitcoin and Ethereum have been processing three to six transactions per second at peak capacity. He added that for the blockchain to support large-scale payment networks such as Visa, stock markets like Nasdaq, and Internet of Things (IoT) networks, it will have to process hundreds of thousands of transactions per second.
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This Is Why Ethereum Will Double in Value This Year
January 16, 2019 2:01 PM Ethereum is on the cusp of major catalysts that will improve efficiency, lower transaction fees, increase scalability, and drive ETH to new highs. What am I talking about? Upgrades and hardforks and the Constantinople hardfork specifically. Constantinople, the second phase of the Metropolis Upgrade, follows last year?s Byzantium fork which was unanimously accepted by the mining community. The Constantinople fork is designed to increase efficiency and lower transaction fees. Along with that developers think it could also aid in scalability, the ability to handle a growing volume of work, which is the number one problem with blockchain systems today. The real bonus is that Constantinople will be performed sometime in late October, before the implementation of Sharding and Plasma.
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Ethereum transactions, 500 TPS thanks to ZkSnarks - The Cryptonomist
January 16, 2019 2:00 PM To solve the famous problem of scalability, Ethereum could soon integrate zk-SNARKs, an on chain solution developed on the Zcash blockchain. It is a new form of zero-knowledge encryption, thanks to which all Zcash transactions are encrypted on the blockchain, even if they have not yet been verified. With this type of encryption, the possession of certain information, such as private keys, can be demonstrated without revealing it and without any interaction between the parties. These zero-knowledge demonstrations make it possible to prove between two parties that a statement is true, without revealing anything other than the validity of the statement itself.
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Ethereum will match Visa in scale in a couple of years says founder TechCrunch
January 16, 2019 2:00 PM The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called ?brain virus? is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers. Buterin separates the world into two kinds of people. ?There?s the average person who?s already heard of bitcoin and the average person who hasn?t,? he said. His project itself builds upon that notion by adding more utility to the blockchain, thereby creating something everyone will want to hear about.
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