Most of the emerging tokens are launched in Ethereum for their Initial Coin Offering sales. Over three-quarters of ICO sales are hosted on the blockchain. A majority of the ICOs are built on ERC-20.
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Ethereum is switching to Proof of Stake
Ethereum currently has a faster mine rate compared to Bitcoin. When it began, mining and Proof of Work were the critical technologies used, specifically to attract miners who kept the network running. However, that is subject to change since developers in the network are working on swapping from Proof of Work to Proof of Stake…
Ethereum platform is an open-source
Ethereum allows users to work for it or build off it using Solidarity, the network’s programming language. Using this language, developers can create their own cryptocurrency and Dapps without downtime, fraud, regulation, or interference from third parties. The Ethereum community is ready to assist those willing to work with them. It is alleged that the…
Smart Contracts
These peer-to-peer contracts act as a means of collateral. The main goal of Ethereum services was to support smart contract deals. The smart contract eliminates the need for intermediaries, thus optimizing the system. Smart contracts have enabled the renewal and closure of incapacity to work certificates in the healthcare system and prescription of drugs. ERC-20…
It is more than just a cryptocurrency
Perceiving Ethereum as simply another cryptocurrency is ignorance. Its role surpasses that of the average Altcoin. It is an entire platform that supports decentralized applications, and it has its tokens. What’s more interesting is that it allows developers and users to issue their own digital items within the network. For clarity, Ethereum is a crypto…
Ethereum was a crowdfunded project
Vitalik had the idea of Ethereum in 2013, but he did not have sufficient resources to make it a reality. He turned to crowdfunding, which became a success. In 2015, he managed to create and launch Ethereum that received public acceptance.
Banks and tech giants actually like Ethereum
Bitcoin has been around longer than Ethereum. One would think that it would be the first to receive acceptance from financial institutions and corporations. However, banks have favored Ethereum and shown great support for it. Recently, a startup, R3, in the Ethereum platform was used to troubleshoot a blockchain problem in the presence of renowned…