Category Archives: Ethereum

Supply of Ether

According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory, if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, the death of holders etc) and there would reach an equilibrium.

But the rate is not expected to be kept: sometime in 2018-2019 Ethereum will be switched from Proof of Work to a new consensus algorithm under development, called Casper that is expected to be more efficient and require less mining subsidy. The exact method of issuance and which function it will serve is an area of active research, but what can be guaranteed now is that (1) the current maximum is considered a ceiling and the new issuance under casper will not exceed it (and is expected to be much less) and (2) whatever method is ultimately picked to issue, it will be a decentralized smart contract that will not give preferential treatment to any particular group of people and whose purpose is to benefit the overall health and security of the network.

Who needs ether?
Developers who intend to build apps that will use the ethereum blockchain. Users who want to access and interact with smart contracts on the ethereum blockchain.

Reference: https://www.ethereum.org/

What is Ether?

Ether is a necessary element — a fuel — for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).

If you just want to test the technology, you probably don’t need real ether. Download the latest Wallet app and switch to the Test Network from the below link:

https://github.com/ethereum/mist/releases/latest

Cryptocurrency Rates in Euro- 07Feb2018

Bitcoin is recovering from its lower levels seen yesterday morning, while other  crypto currencies are flat to negative. Some of them maybe losing capital to Bitcoin, because Bitcoin had fallen down to attractive rates of $7000-7500 yesterday.

Cryptocurrency Rates in Euro – 07Feb2018, 12:00 CET

Bitcoin: BTC-EUR 6216.10 €       +697.50 (12.64%)
Ethereum: ETH-BTC 619.43 €    +10.26 (1.68%)
Litecoin: LTC-BTC 99.40 €      -8.64 (-8.00%)
Iota: IOT-BTC 1.31 €       -0.05 (-3.49%)

 

The Cryptokitties Expansion

Cryptokitties is the largest game launched on the blockchain, to date. It was built on the Ethereum blockchain and has made $19.5 million, to date. It was invented and launched by Vancouver’s, Axiom Zen. We got to sit down with their Director of Communications, Bryce Bladon, for an exclusive interview about the CryptoKitties expansion.

Cryptokitties saw Ethereum blow up in December reaching it’s highest peak at the time. The game features breedable and sellable cats or crypto kitties that vary in value. The most expensive kitty ever sold on CryptoKitties was worth $117,712 USD or 246.9255 ETH at the time of sale!

Reference: https://cryptocurrencynews.com/ceo-speakers-series/cryptokitties-expansion-exclusive-interview/

Bitcoin Forums and Communities

BitcoinTalk is a like a noticeboard where people take part in the technical details and the development of Bitcoin software and discuss with each other. Though, people who’ve passion in Bitcoin mining, trading with Bitcoin, and in the budgetary of Bitcoins can participate in this forum.
Visit: https://bitcointalk.org/

Reddit Bitcoin Community
Reddit Bitcoin community is one of the famous social website. A person called Atlas founded this community in September 9th 2010. However, it is the reliable place among several Bitcoin communities in terms of news, community feedback, and updated information about various companies.
Visit: https://www.reddit.com/r/Bitcoin/

CryptoCompare
CryptoCompare is basically founded in November 2014 and released to the public in late July 2015. This platform also provide best information in showing the most accurate live prices, charting and market analysis from the top cryptoexchanges globally.
Visit: https://www.cryptocompare.com/

Cryptocurrency Talk
Another community is most popular which is Cryptocurrency Talk. The major perception is to provide sufficient knowledge with the news, information, and discussions about the cryptocurrencies.
Visit: https://cryptocurrencytalk.com/