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[BMF]

Ethereum is also a popular cryptocurrency like Bitcoin but has significant differences. It is an open source, decentralized and distributed blockchain network. Bitcoin can be used only as a digital currency whereas Ethereum is used as a technology to build new programs on top of that. In a nutshell, Ethereum is far advanced in terms of technology when compared with other cryptocurrencies. Ethereum was released in the year 2015. The currency of Ethereum is called Ether and is denoted by ETH.

Pros:

1. Smart contract: This is the most significant feature of Ethereum. Smart contracts are nothing but computer programs that gets automatically executed on the blockchain technology if it satisfies the given set of criteria. Developers can create their own codes and run them in the blockchain technology using smart contracts. They can run without any fraud or interference from the third party systems.

2. Low maintenance cost: If you can integrate or sync your system to the Ethereum blockchain, you can reduce the maintenance cost as it is completely managed by the blockchain technology of Ethereum.

3. Data security: Currently, the integrity and security of your confidential data depend on the third parties as they are stored on their servers. Ethereum technology aims to provide more control over the data to the creators than the third pay systems thereby reducing the chance of hacking.

4. Faster transactions: The average time taken to get confirmation for an Ether transaction in the blockchain is close to 3 minutes. So, it is faster when compared to Bitcoins.

Cons:

1. Gas fees are more for large-scale platforms.

2. Ethereum is used more as a technology than as a currency.

3. Ether is not widely accepted by merchants and is more used for internal purposes like paying transaction fees in the Ethereum blockchain.

 

[overcast]

5 more days left to see the hardfork of ether. Not sure if they have the site ready yet. but it would be surely interesting to see how that one goes. As of now the price is speculation too. hope ether fork comes with some better scaling.

 

[tusziget]

I didn't know,that there will be a fork in Ethereum.I am really interested to see,what would be the results of this fork,if we will receive some free "stuff",like happened,when there were forks in the Bitcoin too,and we received BCH,Bitcoin Gold.

 

[Yugocean]

As mentioned already, the idea of Hard Fork for ethereum (EthereumZero) has been dropped. Ethereum community previously rejected Ethereum Classic as hard fork, and now they do not have investors for Ether Zero.

 

[tiada]

1 = $1,119

ETHEREUM price ain't stable, still rising, do you believe it will hit $5,000 this year? It could in my opinion!

I only expect it touch 2K in this year would be good to me.
@MR B,How much do you have in your wallet in term of percentage wise? I meant the USD1,000 portfolio.

 

[Yugocean]

ETH got more than 6% raise and it is now again over $1137; exchange price to South Korean Won (KWR) is still over $1300 among different cryptocurrency exchange platforms.

 

[overcast]

Ether smart contracts seems to be good concept. and other cryptocurrencies are making money because of this. as of now not a lot of coins are having such good concept. but everyday new coins are coming up and it;s not easy to support them for sure.

 

[Yugocean]

Ethereum is still at good place with over $1k value per token. maybe it's value will raise, it is already gaining what bitcoin lost.

 

[overcast]

I think I am going to keep myself invested through ether. So it all depends on how things go to be honest. As of now not much earning here. But yeah will see how that goes. there are some really ether forks that may come in handy in near future for sure.

 

[tusziget]

Yes,I have read about it too,that there will be some forks in the Ethereum,so I think it would be advantageous to have some Ethereum in the wallet.I think the price of the Ethereum will be higher on a long run.

 

[overcast]

I wonder what happened to the fork that was about to be launched on 21. I don't see much news of the ether fork. I guess this month we are going to be seeing that. but it seems like nothing new has been up so far in the news. so have to wait and see.

 

[Medowriter]

With current speed, ethereum can surely cross 2kUSD in next month; just in few hour it's total raise in above $1.35k USD; in currency market, many small currencies have entered into top 100 and many big currencies struggled; but ethereum is raising since last week.

Virtually all top coins have also droped earlier today, i am optimistic that they will also rise, this fluctuation is just for a while and it kinda making crypto currency more popular

 

[Yugocean]

This up and down will continue, Etheteum is still at better place and big value me in comparing to it's November 2017 value; it can still go ahead and reach 2k$ in months.

 

[tusziget]

Well,that is awesome,if Ethereum can get that high.It seems,that he will keep the second place,after Bitcoin.Though with faucets is pretty slow earning to collect Ethereum.I am not so much into collecting from the faucets nowadays.

 

[Yugocean]

Bitcoin utilise only Proof of Work algorithm, but Ethereum utilise both Proof of Work and Proof of Stake algorithm, so there are more chances with Ethereum.

 

[overcast]

Notice there is one coin named 0x. That is a token based on the ether. And there seems to be a good needs to be considered there. and another thing is that some of the ether there needs to understand. And that being said, eth seems to doing good now.

 

[Yugocean]

Ethereum has it's own blockchain with many tokens under it; Major Ehtereum is known as best bitcoin rival due to it's wide way to make itself better.

 

[Prouty]

Notice there is one coin named 0x. That is a token based on the ether. And there seems to be a good needs to be considered there. and another thing is that some of the ether there needs to understand. And that being said, eth seems to doing good now.

Not too sure about 0x, I was listening to a podcast yesterday that mentioned that 0x IS a blockchain of it's very own. Most people including myself start with this stuff thinking that there are only two blockchains, Bitcoin and Ethereum, but If you look at stuff like Waves they have their own blockchains, also heard that Cardano has it's own blockchain, and I think bitshares have their own blockchain also.

I see Ethereum and Bitcoin as prime coins, as you do not need any other coins to accompany them if you want to trade, or move them from one place to another. I see Ethereum itself as a utility token, as you need Ethereum to move, sell, buy, or transact the many thousands of ERC20 tokens based on the Ethereum blockchain. You can also use the Ethereum blockchain for a lot of other uses, hence the rise in new tokens using it for different purposes.

I also listened to a podcast interview with Vitalik Buterin the inventor of Ethereum, damn that guy is terrifyingly intelligent, I didn't understand half of what he was speaking about as it was way above my head, but I was damned impressed with him.

 

[overcast]

There are a lot of things made on ether. and it is getting slow. some of the crap projects like cryptokitties, fish, dog are not worth it. and that is something to consider. and that being said it can be a good thing there as well.

 

[BMF]

At the time I'm writing this post 1 = $1188, this price is close the peak ever ETHEREUM reached.

On a side note at the local news one investor invested 4 million euros purchasing Ethereum, these people do sure have a lot of money but investing so large amounts means they see a possible profit in the crypto market. What do you guys think?

 

[Medowriter]

I think I will be more active in collecting Ethereum.I hope that the faucets didn't reduced the amount of satoshis per claim due to the fact that the price of the Ethereum is rising.I hope I did well,that I have exchanged Ethereum for Bitcoins in Faucethub,or it was very soon...

It will bd nice collecting ethereum but remember it will take longer tme to get something reasonable but if you can work on sites that pay in ethereum will bost your ethereum coins