An Australian who used a supercomputer at the agency he worked in to mine cryptocurrency dodges prison by a thread.
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
Recent Ethereum News
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout
The total supply of tokenized bitcoins on the Ethereum network has touched the 100,000 mark. As of writing, the tokenized
It took a Coinbase Pro and Binance listing support announcement for Uniswap's just-released governance token UNI to rally 300 percent
Another farming frenzy is underway and the Ethereum network is getting hammered under demand as Uniswap has finally announced its
A foray into DeFi's hype-filled yield farming craze became a disaster for a beginner yield farmer. The passive earning bonanza
While droves of ‘degenerate’ farmers have been scrambling for DeFi yields, progress on the long-awaited Ethereum 2.0 upgrade and Phase
Swisscom Blockchain has been awarded with a development grant to further the developments on Polkadot by the Web3 Foundation.