It seems Initial Coin Offerings, or ICOs, are everywhere these days. I have written a few articles on the impact of ICOs on Ethereum and have even recommended a great airdrop from the company Current. You may be wondering, what are these ICOs and Airdrops that are all over social media and other news outlets you may be following?
Many people don’t know what ENS names are; never mind what they are used for or the function they provide. With Ether at a lower level than normal, now might be a good time to purchase one.
Ethereum Name Service or ENS simply put eliminates the need to copy the long addresses by replacing them with unique domains. This means you can send money to friends or from an exchange to example.eth instead of the long addresses we have all become familiar with.
The market has been seeing a drastic decline and most new investors are beginning to panic. We have been riding a constant upswing for so long now, that too not see that constant increase is alarming. This might just be a time to panic though. In my previous article, I touched on how ICO are hurting Ether and the Ethereum network but the news got worse as more accusations have come out against Tether.
Some people in the industry will say all these ICOs are great for Ethereum and the more exposure the Ethereum blockchain receives the better. In a recent interview, Charles Hoskinson seems to feel quite differently about it.
Ethereum and Canada have a history that may not be known by many people familiar with the ethereum platform. Many people know it was Vitalik Buterin who was the brainchild and co-founder of this platform but don’t know he actually attended Waterloo University.
Steam and Ethereum
Last week, some big news came out that I feel will have huge impactions on Steam and Ethereum. The world’s largest gaming shop Steam has decided to drop Bitcoin. Up until this point, Steam would accept Bitcoin as payment for its services. For those that may not know what Steam is, it’s the largest online gaming platform for PC gaming. Steam was reported to have a 75% market share in 2013 and purchases totaling over $3.5 billion dollars and an active 150 million registered accounts. They are the major player in the PC gaming world.
If you are reading this and have heard the term cryptocurrencies before but have been for further explanation on what they are, how they work and their advantages are, you have come to the right place.
A smart contract is a piece of code that will run when conditions that are specifically defined are met. The uses of a smart contract are virtually limitless, especially where the result required is exchange. Many companies are now using these smart contracts in the supply chain to ensure the quality of their products and the dispatch of them.
Up until just recently, Litecoin was second to Bitcoin until it was firmly displaced by Ethereum. Comparing the two is like comparing a carrot with a beetroot. They may both be vegetables but that is where the similarity ends. Litecoin was originally released in 2011, as a way of overcoming challenges in Bitcoin mining.
If you were thinking about investing in Ethereum you want something that has an accumulative return there your absolute best bet is Ethereum. Since 2017 started, despite a sudden drop in price, Ethereum’s value has gone up by more than 2500% year to date. The S&P 500, by comparison, took almost 40 years to achieve those heady heights.