3. Facts

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…

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…

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.

Bitcoin remains the most recognized virtual coin, but the growth of Ethereum seems to be closing in on it. Bitcoin’s market cap is known to have a fixed amount of available currencies. The goal of Bitcoins is to mine 21 million coins, then no more. Ethereum does not have an actual cap. It’s only limit…

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…

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…

Don’t get mixed up between Ethereum and Ether. Ether is the native token that people trade in, Ethereum the underlying blockchain network. Ether is traded as a virtual coin like other Altcoins. It is also used inside the Ethereum network to run applications. Moreover, it can be used to monetize the work done inside the…

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…

Did you know that Vitalik, the co-founder of Ethereum, was born in 1994? He came up with the idea to create Ethereum in 2013, still a teenager. Dr. Gavin Wood bought his vision and co-founded the network the following year.

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.