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Etherium Latest Technology
"It is no wonder why , over the years , with both Bitcoin and Ethereum projects having its fair share of controversy due to its limitations and hence detractors , other alternatives have emerged . " 19 "In the case of Bitcoin , the one cryptocurrency that has garnered the most market value and popularity is Bitcoin Cash ( BCH ) , which has proliferated among those married to the philosophy of using Bitcoin as a medium of exchange for easy and fast payments . " 19 "Other cryptocurrencies catered for a more specific use case with special features on security , privacy , or traceability are too available as a substitute of Bitcoin to make payments all over the world . " 19 "When it comes to the replacements to Ethereum , the most popular projects out there also classified as a platform with the ability to enable the creation of decentralized apps include Ethereum Classic ( ETC ) , which again , is the result of a hard fork which split the network in two . " 19
"The purpose of this state of the union is the criticize aspects of the Ethereum project and bring awareness to fixable issues while combating general ignorance of cryptocurrencies and the blockchain . " 1 "Ethereum is a cryptocurrency network which offers a new currency aEthera to rival Bitcoin and national currencies like the US Dollar . " 1 "Ethereum is the aworld computera , and is also the backbone of a new adecentralized financea ( aDeFia ) ecosystem . " 1
"Ethereum , introduced by Vitalik Buterin has drawn a lot of attention from the crypto enthusiasts , for securing the second position with the largest market capitalization . " 10 "Ethereum , as a platform , enables dozens of cryptocurrencies to exist , without having to build their own blockchain technology . " 10 "Ethereum enables developers to build smart contracts , that automatically execute tasks when certain stated conditions are met . " 10 "Ethereum has two main functions : keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform . " 10
"To give you an idea of how limited it is , the NEO blockchain ( which can also process smart contracts ) can reportedly process up to 10,000 transactions per second . " 4 "Unless the Ethereum developers resolve their scalability issue , then organizations might consider using other blockchains to host their smart contracts and dApps instead of Ethereum . " 4 "If this happens in the future of Ethereum , its price is likely to crash . " 4 "Fortunately , the Ethereum developers are fully aware of these issues and they are in the process of making some significant changes . " 4
"The complex computations he needed were to be able to issue assets , which Ethereum has become the market leader in , where Bitcoin has stagnated in . " 1 "There are also permissioned blockchains used by Fortune 500 enterprises who are actively developing the Ethereum ecosystem in their own ways . " 1
"Censorship : Ethereum node ( computers running the protocol ) are distributed around the world , thus eliminating censorship from a central authority . " 12 "With these , Ethereum will enable a similar functionality globally , providing a platform where people can compete fairly to offer their services on the platform . " 12 "With the Ethereum technology , users can control the data on such applications , and all creation rights will be restored to the author . " 12
"The EOS validators reverse transactions in an opaque process , and they attempt to recreate arbitration and court tribunals to add confidence in their system to create some semblance of the rule of law . " 1 "Ethereum is still the most efficient world computer with natural consensus , all other systems attempting to be more efficient have had to compromise on security , so it is , therefore , interesting to see how Ethereum tries to improve its bandwidth . " 1 "Since Ethereum mainnetas transition from proof of work to proof of stake has been delayed for 5 years in a row , and basically indefinitely , Lord Vitalik et al have suggested Eth 2.0 , the abeacon chaina which basically is a separate blockchain operating as a sidechain . " 1
"For Ethereum , the backbone of the project , it was a major vote of confidence in its nascent technology . " 13 "The seven of them , led by Vitalik Buterin , decided to hack the hacker . " 13 "They managed to stop the theft and move the funds into another smart contract where they currently sit . " 13 "By stepping in to fix this problem , it would completely undermine that objective . " 13
Cited Sources
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- https://www.corbinball.com/article/42-technology-how-to-use-it-better/224-blockchain-and-ethereum-how-can-they-be-used-for-events 14
- https://news.bitcoin.com/24k-casino-adds-ethereum/ 15
- https://www.ledgerinsights.com/enterprise-ethereum-blockchain-specifications-privacy/ 16
- https://www.edureka.co/blog/hyperledger-vs-ethereum/ 17
- https://www.benzinga.com/markets/cryptocurrency/19/08/14276990/bitcoin-ethereum-eos-iota-4-cryptos-with-the-best-tech-adoption 18
- https://techstartups.com/2019/09/23/bitcoin-vs-ethereum-top-10-major-differences-need-know/ 19
- https://www.reuters.com/article/us-ethereum-enterprises-consortium/jpmorgan-microsoft-intel-and-others-form-new-blockchain-alliance-idUSKBN1662K7 20
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