Tag Archives: Ethereum

What is Ethereum Staking And How Do You Stake Your ETH?

What is Ethereum Staking And How Do You Stake Your ETH?

Ethereum is switching to Proof of Stake some time this or next year (with all the delays,

hard to set a date). The Casper protocol has been formalized, the specification is complete, and now the implementation phase can begin. Depending on how long it takes to implement and test may determine how it all plays out. The question is will it actually be worth it to stake Ether in the first place? Will people be able to do it securely? And what should you do to be ready for the staking?

What is Ethereum Staking?

The Hybrid Casper FFG will reportedly combine Proof-of-Work with Proof-of-Stake (PoS) consensus, with the goal of eventually transitioning to PoS. According to the EIP, one of the specifications of the update reduces the block reward for miners to 0.6 ETH from the current 3 ETH (Decrease of block rewards by 80% over a year). ~5% yearly interest for anyone who wanna freeze $1mln (1500eth) in Casper. 4% finders fee for anyone who discovers bad actors (slashing).

The minimum staking requirement is set at 32 ethers. One Redditor asked a question what should he do to be ready for the PoS on Ethereum and got a reply directly from Vitalik:

  1. Get enough ETH.
  2. Keep an eye out for testnets; they’ll start coming in a couple of months. Participate in them to get a feel for what validating will feel like in practice.

Vitalik was also asked about a new hardware device called NeverSlash, that aims to protects validator nodes from being slashed. NeverSlash encodes the slashing conditions of Casper FFG into a Raspberry Pi. Instead of manually checking whether their vote violates the slashing conditions, validators can rely on NeverSlash to prevent them from casting that vote at all. He called the device brilliant and expended on the whole idea of ethereum staking:

“The goal is to make staking highly accessible, as a default targeting laptops and ideally even phones (think used devices that you replace with new ones, that you then leave lying around your hope hooked up to a power source and home wifi). The benefit of hardware devices like this is to provide an added layer of security; the hardware itself will just sign messages that your client provides, it will not be able to connect to the internet directly, the worst that it can do is require stop signing new messages, requiring you to log out and withdraw and re-deposit with a different key.”

Validators will need to run clients at a minimum and likely connect a beacon node to participate.Your staked coins are held for a fixed term of 3, 6, 9, or 12 months in an Ethereum staking wallet that is in synch with a smart contract.The amount of reward you will collect depends on the elapsed time – the longer you hold your coins in a staking wallet, the greater the reward will be.The strength of the Ethereum staking network is commensurate to the amount of honestly staked ether. Staked coins are a sort of bond that vouches for the validity of new blocks. In exchange for this service, stakers/validators are being rewarded a fraction of the transaction fees on valid blocks. Casper confiscates staked ether in the event that a validator votes for an invalid block.

How much profit can I make from Ethereum staking?

Ethereum staking rewards will be earned on ether coins deposited in a smart contract on a validator node on the Ethereum Proof of Stake (PoS)

blockchain network.

Profit from Staking = Validator Rewards + Network Fee

Validator Rewards — A reward for every block upon successful block creation. Network Fee — Validators receive a cut of the transaction fees that people pay to use the network.

How do I stake my Ethereum?

The details are yet to be formally known as much of the rules of the new consensus are still being discussed. Even the number of ethers needed for staking is still not set in stone and is subject to change. Whatever the number ends up being, ETH holders will be able to band together in “Ethereum staking pools.” – a similar joint enterprise as mining pools. You’ll pitch in your desired amount of ether, join your peers in locking it down, and rake in dividends that are shared in proportion to the size of the deposit of each member in the Ethereum staking pool.

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ETH PoS: Staking Rewards

Ethereum team revealed a tool allowing potential chain validators to calculate annual gross and net returns, taking into account hardware and energy costs. Dubbed ETH 2.0 Calculator, the new web application is developed by Codefi Networks. Stakingrewards.com, a popular staking calculator, approximates that ETH staking rewards will hover around 6.5% per year or 0.27 ETH for every 47 days and 22 hours. Other experts like one senior ConsenSys executive expect that Ethereum 2.0 validators can see earnings from 4.6% to 10.3% as rewards for staking on an annual basis.

Ethereum Proof of Stake Date

Just as we all expected, there have been and still are a lot of delays and missed deadlines. ETH 2.0 was expected to hit the blockchain in January 2020 but was then postponed for Q2 of 2020. Now, that date is questionable as well, and it seems that the next Ethereum system-wide upgrade, Eth 2.0, will not launch in Q2 2020 as scheduled, but developers are still confident that the original network parameters will deploy in 2020. In a particular Reddit discussion held on February 5, the Eth 2.0 team made several clarifications. The team said that the network would not launch until three clients can run testnets continuously for at least eight weeks. AMA participants included Eth 2.0 researchers Danny Ryan and Justin Drake together with Ethereum co-founder Vitalik Buterin.

Drake wrote:

“I have 95% confidence we will launch in 2020.”

Coinbase Custody will stake ETH for you

Coinbase Custody will stake for you when the time comes to stake.

Our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto. As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways.

 

Enjoy an anonymous cryptocurrency betting & casino in one place with 20+ cryptos available and get a generous Welcome Package up to 7 BTC now! Use promo code CPTCN1X to get 125% 1st deposit bonus!Toro Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Article Produced By
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

https://captainaltcoin.com/ethereum-staking-eth-pos/

Heiko Closhen, Entrepreneur

5 Easy and Safe Ways to Earn Free Ethereum in 2020

5 Easy and Safe Ways to Earn Free Ethereum in 2020

In this article, we will be listing five easy and safe ways to earn free Ethereum,

without having the need to invest your own money and the risk that is associated with it. The payouts are small but over time they add up to a good chunk, enough to challenge those who still believe that “there is no such thing as a free lunch.” The crypto industry has created many opportunities for individuals to realize their dreams of financial freedom, but it’s worth pointing out that, whatever you find out there, if it looks too good to be true probably is.

Cryptocurrency Faucets

 A faucet is usually a website or app that offers the user a small amount of crypto in exchange for performing a task. Most of the time the task required is completing a simple captcha, but it can also be watching an ad or playing minigames. A faucet makes money via the ads on its platform, and shares some of the revenue with its users in the form of cryptocurrency. There is a timer, however, you can’t reclaim money from the faucet every minute, and also a minimum withdrawal requirement, meaning that you will only be able to reclaim the free Ethereum to your wallet after a certain amount. Ethereum faucets won’t offer a huge flow of value but patiently, drop by drop, you can earn a sizeable amount.

Token Airdrops

 Put simply airdrops are giveaways, the definition of free money. So why would someone do something like that? Let’s imagine a new crypto project is looking to launch their own token and fund their operations through an initial coin offering (ICO) or another fund raising mechanism.  One good way projects use to get the word out there and build a community is to giveaway a portion of their tokens in an airdrop. It is important to note that airdrops won’t earn you Ethereum directly.  The good news is that the majority of tokens use the Ethereum blockchain (ERC-20) and can be kept in your ETH wallet and easily sold for some free Ethereum once listed on exchanges. There are various platforms out there where one can track the latest airdrops.

Crypto Bounties

Bounty campaigns are a tool used by new crypto projects to help them get some initial traction and online buzz. The participants are required to do simple tasks such as leaving a like, comment, or sharing social media posts from a certain crypto project. The most used social media platforms are Facebook, Telegram, and Twitter and the rewards are proportional to how big of a following you have on these platforms. Other common tasks include translation work, creating your own blog post and/or video content, and signature campaigns on the Bitcointalk forum, where most recent bounties appear. Once the bounty campaign comes to a halt, the newly minted tokens are distributed throughout the participants of the bounty campaign. As most new tokens are ERC20 tokens, they can easily be exchanged for some free Ethereum once listed on exchanges.

Work for Ethereum

Yes, I know what you are thinking. Is it free Ethereum if we still have to work for it? No, but the upside is that it can pay way better than the other alternatives listed. The diversity of jobs offered is the same as other freelancing platforms with the difference that the jobs are paid in cryptocurrency, in this case ether. If you have some skills in design, writing, or coding (just to name a few) it might be wise to take a look at cryptogrind or XBTFreelancer. Reaching out to crypto businesses directly may also do the trick, as some are always looking for talent to help them out. Even if most don’t reply or turn you down, companies are now more than ever seeking talent in the crypto and blockchain space, so keep trying.

Staking and Lending

If you happen to already have some Ethereum, a good option is to lend it to others to earn interest. Decentralized finance platforms like Compound and Oasis will allow you to do just that. The way it works is the platform will receive the money and lend it to others, usually margin/short traders, and share the interest it receives with the lender. Another good option is to stack up on Ethereum before its major 2.0 update. Among the many improvements, the network will be switching from a Proof-of-Work to a Proof-of-Stake consensus algorithm. Once that is done, if you have a sufficient amount of Ethereum (probably 32 ETH) you can stake it and earn interest.

The Bottom Line

Some methods involve a lot of work, others don’t require much of anything. Some you need to already own Ethereum, while others allow you to start from zero (although the payout is considerably smaller).  Crypto has made value accessible to anyone with an internet connection, so choose the one method that best fits your needs and skills and you will be carving out your own space in the cryptosphere, starting with some free Ethereum. 

Article Produced By
Antonio Madeira

https://www.cryptocompare.com/coins/guides/5-easy-and-safe-ways-to-earn-free-ethereum-in-2020/

Heiko Closhen, Entrepreneur

Ethereum Ice Age May Be Imminent If Miners Withdraw From Network

Ethereum Ice Age May Be Imminent If Miners Withdraw From Network

The Ethereum block difficulty began to grow back in November 2016.

Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place. In the lead-up to the Istanbul upgrade, implemented on Dec. 8, the Ethereum team decided again to postpone the explosion of a so-called “difficulty bomb,” which some believe may lead to the onset of an Ice Age. How can this happen and what would be the consequences if the Ethereum network froze?

Difficulty bomb and Ice Age

When creating Ethereum (ETH), the developers initially assumed that it would work on a proof-of-stake consensus algorithm. However, as this idea implementation demanded more time, the network was launched on the more familiar consensus model: proof-of-work. At the same time, the developers prudently introduced a difficulty bomb into Ethereum — i.e., a mechanism that is supposed to gradually make the process of generating new blocks more complicated, which would gradually lead the network toward PoS.

Initially, the bomb was supposed to explode after Ethereum would be ready to work on the new algorithm called Casper, and provoke the so-called Ice Age — a transitional stage during which mining new coins would become difficult and unprofitable. Theoretically, this procedure should force miners to switch to a new chain, instead of maintaining the old one. However, due to the delay in the development of the PoS mechanism, the transition to Ethereum 2.0 is constantly being adjourned. At the same time, the difficulty bomb has been about to explode several times and the Ethereum team has been constantly delaying it by conducting hard forks, so as not to frighten miners supporting the stability of the network ahead of time.

What are the dangers of the Ice Age?

Vitalik Buterin, one of the co-founders of Ethereum, had previously predicted the fall of the network to take place in 2021, as it will become almost frozen due to a difficulty bomb. However, while the events and landmarks in the Ethereum project are developing faster than expected, while the process of the PoS network transition fails to meet the deadline. In April 2019, the ETH network difficulty began to grow again, with the current value of around 2,498 terahash per second (with one TH/s equal to 1 billion hashes per second). What’s more, if the growth trend remains the same, the Ice Age can occur much faster than the appointed date. This can lead to miner withdrawal, reduced scalability and even a network crash.

Withdrawal of miners

The postponement of the Constantinople hard fork to January 2019 led to a drop in the number of ETH mined per day, as the ETH supply saw its value decrease by 35% in just two months. Mining had become more difficult, and as a result, the daily issuance of the cryptocurrency fell from 20,000 ETH in January to 13,000 ETH in March. Now, the daily value comprises 11,872 ETH and continues to decline further. The current situation has already raised concerns among miners. What’s more, the coming months may become critical for the mining industry if the ETH developers and network participants fail to find a compromise. According to Susquehanna, a global trading firm, since November 2018, ETH mining using video cards has reached zero profitability. In less than 1 1/2 years, the average monthly ETH production profit per GPU has fallen from $150 to zero.

The market is affected not only by the increasing block difficulty and competition in the mining equipment industry, but also by the superiority of Bitmain and its new Antminer ASIC miners. Another decisive factor is the price of the second-largest cryptocurrency, which fell around 10 times from the levels seen in December 2017, when it stood at $1,401. The activation of the difficulty bomb could make mining even more unprofitable, which could lead to miners leaving the network and individual pools dominating the market. Even partial withdrawal of miners can jeopardize the security of the Ethereum blockchain, as well as increase the likelihood of a 51% attack — similar to the one that occurred on the Ethereum Classic network.

At the same time, many miners are betting on another potential update called ProgPoW. This upgrade involves replacing ASIC miners with more traditional equipment like the video cards. However, its implementation in the Constantinople update has not yet been planned. Notably, while in the event of the voluntary refusal of miners to support the network, there will still be those who will ensure its operation — but with the full onset of an Ice Age, mining will simply become impossible. Some experts, however, believe that the difficulty bomb mechanism is a necessary procedure designed to ensure the transition to PoS, and it should not scare the miners. For example, Vlad Miller, CEO of blockchain platform Ethereum Express, told Cointelegraph that many miners will still be able to

continue operating:

“The transition of ETH to PoS is not only inevitable, but also an integral step for Ethereum development.” 

Miller went on to add that despite the fact that mining as it is now will become less attractive, in the long run, the change will prove to be worth it because electricity costs will be reduced and the likelihood of a 51% attack will be lower.

He went on to add:

“Neither the Ice Age nor Ethereum 2.0 mean the end for miners. Many of them will switch to mining other coins, such as Zcash or Ethereum Classic. Those who are mining Ether, have nothing to fear in the near future. However, it's important to ensure the mining equipment will be paid back before the transition to PoS is made.”

Poor scalability and network crash

At the same time, an increase in block time leads to a decrease in the Ethereum network’s ability to process data. Nevertheless, the current limitations are set precisely taking into account the block time and can be changed if necessary. The only negative effect may be an increase in the confirmation time of a transaction. While the release of one block in the Bitcoin (BTC) network takes an average of 10 minutes, a time of one minute can be a viable approach for Ethereum, especially if its a temporary measure.

If the hard fork is delayed again, it could negatively affect the network bandwidth and lead to a rise in fees, since the complexity can increase to the level where production of one block will take about two minutes. Now, the Ethereum block production time, on average, is about 15 seconds, with the commission rate stable at half a cent. An exponential increase in ETH mining difficulty will lead to an increase in the extraction time of new coins to prohibitive values. As such, blocks will be generated slower and transaction confirmation time will increase, making the network very slow or even forcing it to stop functioning.

Reducing decentralized projects

The drop in the scalability of the Ethereum network due to a possible approach of the Ice Age could be tragic for decentralized applications. Today, Ethereum is a haven for numerous DApps — from various blockchain games and projects with their own tokens to increasingly popular decentralized finance solutions. However, as the number of DApps grows, the Ethereum network will start to experience more and more problems with transactional throughput. Back in August, Buterin said that the Ethereum blockchain is almost full, which is cause of concern. Eric Conner, a product manager at Gnosis — a firm developing prediction markets applications — told Cointelegraph that DApps might feel the impact of the difficulty bomb, though it wouldn’t be

that critical.

“For dapps really no direct impact but since there are less blocks a day, transaction fees on the network will slowly go up, which means over times dapps would get more expensive to use,” Conner claimed.

Whether Ethereum developers will be able to find a compromise in this situation is not yet clear. The resolution of the issue is further complicated by the possible consequences of the Istanbul hard fork. Some decentralized projects, such as Aragon and Cyber Network, fear that the update will disrupt their smart contracts and increase the cost of operations within the network by 30%.

Delay or remove?

Last week, the Ethereum developer team raised the issue of delaying the difficulty bomb again by proposing a hard fork called Muir Glacier. The discussion was held between not only platform developers, but also with miners and other market participants. Among the possible solutions discussed were both a delay of difficulty bomb mechanism as well as its complete removal. In particular, Ethereum developer Aleksey Akhunov stated that the ratio of risk and profitability from using this mechanism is “not great so far.” At the beginning of the year, Afri Schoedon, a former developer of the Parity Ethereum client, suggested completely abandoning the difficulty bomb and removing this mechanism from the protocol to eliminate the need to constantly

delay its activation:

“I personally don’t want to deal with [the difficulty bomb] anymore. Serenity is not happening this year and most likely not next year. So why bother?”

However, not everyone agrees with this point of view. For example, Marcus Ligi, creator of the Walleth Android wallet,  believes that removing the difficulty bomb will lead to Ethereum network updates being implemented less often and, therefore, miners becoming less incentivized to update their software and equipment. Therefore, network will significantly slow down, and there will also be a risk of boycotting the transition to updated versions of the ETH blockchain, in particular the one in which the PoS algorithm will finally be implemented. However, Conner from Gnosis, for example, opposes the complete removal of the difficulty bomb, referring to possible negative reaction from the community.

When is Muir Glacier expected?

While the Ethereum developers haven’t agreed on a long-term program for working with the difficulty bomb, in the short term, they decided to postpone this mechanism for a couple of years. James Hancock, the coordinator of Muir Glacier, said that the hard fork would push the bomb "as far as is reasonable.'' This will give developers time to understand whether it’s necessary to modify the Ice Age mechanism so that its behavior becomes predictable or else to completely remove it. According to Tim Beiko, product manager at blockchain solutions firm PegaSys, the hard fork will be launched at block number 9.2 million, which will tentatively be generated on Jan. 6, 2020. If Muir Glacier succeeds, it will freeze the bomb until after another 4 million blocks, which means that Ethereum would not be threatened by the prospect of an Ice Age for the next couple of years.

Conner expressed his expectations to Cointelegraph:

“There won’t be much impact felt before block 9.2mn. The worst we’ll see is maybe 18 second block times which isn’t enough to cause issue.”

Hudson Jameson, a core developer liaison at the Ethereum Foundation, shared the same opinion, adding that Ethereum users and miners should know that there are no critical threats posed by the difficulty bomb and that all it does is increase the block times.

He told Cointelegraph:

“While annoying for sure, it is not critical and will be quickly remedied in Muir Glacier in January. We have always delayed the difficulty bomb in the past and plan to again in January with the Muir Glacier network upgrade. There will be a long delay built into the next difficulty bomb delay code. We are also discussing different options for how to handle the difficulty bomb post-Muir Glacier.”

Article Produced By
Julia Magas

Julia is a researcher/journalist who covers the latest trends in finance and technology. Since 2013, she has been researching the cryptocurrency market and coordinating international conferences. Julia’s works are featured by popular fintech magazines, including Investing, SeekingAlpha and Bitcoinist, where she interviewed representatives from MIT, Indeed, Ethereum and more. She's trading some stocks and digital currencies for experimental purposes and hunting for the most interesting, cutting-edge technologies' use cases in investing and finance.

https://cointelegraph.com/news/ethereum-ice-age-may-be-imminent-if-miners-withdraw-from-network

Heiko Closhen, Entrepreneur

How will the new Ethereum economic model influence Ether’s price next year?

While Ethereum is often considered to be one of the most promising crypto currencies in the market,

there are still some technical issues to deal with. In order to improve the crypto-currency’s adoption rate, issues such as scalability, ease of use, speed and fungibility are still to be addressed. For analysts such as Jeff Reed, the Ethereum network will almost certainly become more important than Bitcoin’s in the future, as the Ethereum ecosystem is better equipped to overcome the challenges mentioned.

The migration from Ethereum 1.0 to Ethereum 2.0 could greatly improve the network and boost Ether’s price next year

The creation of new blocks is at the core of every blockchain network. Rewarding miners, or “stakers” to validate transactions and create new blocks is the way a network can create new coins. These rewards are incentives to help people stay motivated in securing the network and avoiding any network attacks. On the current Ethereum network, new Ether coins received by miners who create a new block follow a Proof-of-work (PoW) protocol. To be involved in the mining process, members put their computational power to work in solving complex mathematical problems. These rewards help them finance their operational costs and turn them a profit (depending on the price of Ether).

Next year, the Ethereum network will likely rely on a Proof-of-stake (PoS) protocol. This means that to be able to validate block transactions, a member will have to first own coins in order to stack them. The more Ether coins a given member has, the more staking power he will have. Regarding potential attacks, this consensus algorithm is considered to be less risky than the Proof-of-Work protocol. Ethereum 2.0 has mainly been designed to improve the scalability of the Ethereum network. Going from a proof-of-work to a proof-of-stake model to validate transactions and issue new blocks should improve the network’s scalability and security, while bringing down costs and improve transaction speed.

After being postponed several times, the date of the next hard fork of the Ethereum network (called Istanbul) is finally confirmed and scheduled for December 4

This implies that all the technical upgrades and improvements of Ethereum 2.0 should be introduced next year. Many analysts and investors expect this event to have an impact of Ethereum’s adoption, which should be seen in Ether’s price. There is a hope that Ethereum will trigger a 2020 altcoin boom, propelling Ether’s price to new highs. There are many possible ways of making money with Ethereum crypto. It all depends on your knowledge of the crypto world and how much time you have to dedicate to it. Among the most rewarding and exciting ways you can get involved are 1) trading Ether through CFDs, 2) buying Ether through an exchange to store them on a wallet, as well as 3) mining (soon staking) Ethereum.

The launch of a public main network for this updated version of the Ethereum’s ecosystem must follow a multi-stage process

‘The way that Eth 2.0 will be rolled out is that it starts off being separated Eth 2.0 chain. Then there’s a link between the two chains and then eventually the kind of existing Ethereum chain gets kind of fully merged into the Eth 2.0 chain’ explained Ethereum’s founder – Vitalik Buterin to Angie Lau from Forkast News. ‘But it’s definitely this multi-stage process. And the reason we did this is to be safer and more conservative. Like you don’t want to move the entire existing ecosystem onto the fancy new thing before you’ve proved the fancy new thing can work. And the fancy new thing here includes proof of stake. So it’s not just a technology change, it’s also an economics change’, he added.

Article Produced By
Zerocrypted

https://zerocrypted.com/how-will-the-new-ethereum-economic-model-influence-ethers-price-next-year/

Heiko Closhen, Entrepreneur

Ethereum vs Tron Which Platform Has Better Future?

Ethereum vs Tron — Which Platform Has Better Future?

After Bitcoin introduced blockchain technology (or at least popularised it),

many brilliant minds of this world started exploring it since it displayed great potential. In fact, blockchain was so interesting as a concept that it prompted the creation of numerous projects, Ethereum being the most prominent one. However, Ethereum is not alone in the crypto world — it now has a serious competitor that, according to some enthusiasts, has the potential to overtake Ethereum in the race of making the world more decentralised. This project is called Tron. Unlike Ethereum, a general decentralised platform for making any kind of dapps, Tron tries to stay within the ‘digital content platform’ boundaries, although it seems that there are no substantial differences between the two.

The Next Big Tech Giants?

The competition between Ethereum and Tron is close to emerging into a full-scale rivalry as the popularity of decentralised application grows. For developers, this is a matter of utmost importance, as many professionals predict the battle of Ethereum vs Tron could be the next Microsoft vs Apple. But developers are not the only people interested in these two projects. Investors from all around the globe, both big and small, are looking for opportunities to make a profit, and some already have with Ethereum. However, with a new and potent project coming to the crypto world, investors might change their strategies a bit.

Ethereum Leads the Way

Although Tron is working actively on promoting the platform, its popularity is still way behind that of Ethereum. In order to compare the influence of these two companies, we have to make a short comparison of their coins. Ethereum’s Ether (ETH) is currently the second most popular cryptocurrency after Bitcoin. The current market cap is more than $14.5 billion at the moment. On the other hand, Tron’s investors have amassed almost one billion. Therefore, it’s safe to say that the current market cap size is definitely a huge advantage for Ethereum. Yet, Tron’s popularity has skyrocketed recently for various reasons, including some interesting projects based on this platform. Although it cannot compete with ETH at this moment, there’s one thing that gives Tron a huge advantage — it’s from China and can potentially have a huge market with more than one billion people.

So Which Platform Has a Better Future?

At this point, it’s impossible to tell which platform will win the race — if it’s a race in the first place. The most likely scenario is that both platforms are going to have substantial user bases and co-exist. However, the crypto industry, as well as blockchain technology, is still young, and there’s no way to predict what could happen in the future. Who knows, perhaps some other similar platform will shift the focus away from Ethereum and Tron.

Both Vitalik Buterin, the creator of Ethereum, and Justin Sun, Tron’s founding father, are doing a great job at upgrading and promoting their respective platforms. What’s even more astonishing is that both are very young. Sun is 29 and Buterin is only 25. In fact, the Russian-born Canadian programmer was only 21 when he started the Ethereum project. Both are brilliant minds with an exceptional feel for tech innovations, and they don’t lack marketing skills either. However, their leadership skills are what makes them real rock stars, and they are definitely going to be here for a while, although Sun will have to do his best to reach the popularity of Ethereum.

The Choice Is Not Binary for Investors

As the battle between Ethereum and Tron continues, many investors are looking for other alternatives along the way — altcoins that have been doing pretty well lately. Therefore, if you’re not certain about whether to pick ETH or TRX, you should research other possible options too. One of the cryptocurrencies that has gained a lot of attention lately due to its unique properties is Ripple (XRP). This full intro to Ripple coin explains how this crypto works and talks about its advantages compared to other cryptocurrencies.

Apart from XRP, many crypto traders are following the latest news about cryptos such as Tether, Bitcoin Cash, Litecoin, and others. Therefore, choosing between Ethereum and Tron should be a task for developers who are looking to develop decentralised applications, whereas crypto traders and investors can broaden the scope of their potential investments by considering other cryptos.

Article Produced By
Crypto News

https://usethebitcoin.com/ethereum-vs-tron-which-platform-has-better-future/

Heiko Closhen, Entrepreneur

Ethereum Will Surpass Bitcoin in Terms of Market Cap in 2020s Influential ICO Expert Ian Balina

Ethereum Will Surpass Bitcoin in Terms of Market Cap in 2020s, Influential ICO Expert, Ian Balina

As more businesses are launching on blockchain, Ian Balina,

an influential blockchain and ICO investor, has predicted that Ethereum will surpass Bitcoin in terms of market cap in 2020. The cryptocurrency expert, who migrated to the US at the age of 8 with his family, is affirming his believe and hope in Ethereum, the second leading digital currency with a market cap of $14 billion as at the time of filing this report. However, Bitcoin, the king of cryptos, has a market cap of $130 billion, which is 100x that of Ethereum.

While the market capitalization of Bitcoin is by far ahead of Ethereum, Ian Balina remains hopeful the digital currency will outperform Bitcoin in 2020. Also, in one of Ian’s post, the cryptocurrency expert condemned how people claim Ethereum is a scam designed to enrich the creator, saying Bitcoin was also disparaged by skeptics “People forget that crypto skeptics also call Bitcoin a scam,” claim Ian, adding that “it’s now reached a point were [sic] if you’re not called a scam then it means you’re not pushing the boundaries of the status quo”.

Ian, who once lost millions of dollar worth of cryptos to hackers during a live Youtube broadcast, spoke in response to a tweet by the founder of Mythos Capital, Ryan Sean Adams, who inferred that “Bitcoiners calling Ethereum a scam have actually empowered real scammers by rendering the term scam unobjective [sic] & hollow”. Ian Balina based his prediction on the growing Ethereum community, constant innovation and growth of DeFi and Stablecoins. He asserted that Bitcoin Network lacks leadership and innovation.

Looking at the present situation in the Ethereum blockchain, more firms are making use of the Ethereum network with the launch of several dApps. Beyond that dApps, Forbes published early 2019 that several notable companies are making use of Ethereum blockchain technology for enterprise solution. Among them are Amazon, Overstock, BBVA, BNP Paribas, Citigroup, Fidelity, Google, HPE, Microsoft, VMware, Siemens, and numerous others. Today, NewsLogical revealed that over 20,000 VIP ticket is being tokenise by UEFA on Etherum wallet, AlphaWallet.

Article Produced By
Olayode Yusuff

Olayode has made meaningful contributions to Huffington Post. Thrive Global, Oracle Times, The Indepedent Republic, and a host of other news magazine. He's a blockchain enthusiast covering news on notable cryptocurrencies and seminars from far and within.

https://newslogical.com/ethereum-will-surpass-bitcoin-in-terms-of-market-cap-in-2020s-influential-ico-expert-ian-balina/

Heiko Closhen, Entrepreneur

Virgil Griffith Ethereum Developer Released on Bail for New Year

Virgil Griffith, Ethereum Developer, Released on Bail for New Year

The crypto space is no playground, as Virgil Griffith found out.

During a crypto conference in Pyongyang, Griffith reportedly shared significant details about the Ethereum platform, while also discussing the possibility to mine ETH in North Korea. The trouble arrived when conversations surfaced of attempts to import mining rigs and graphic cards to North Korea. This broke the US embargo laws, and Griffith was taken under arrest at the beginning of December. Brian Klein, Griffith’s lawyer, tweeted

the news of the bailout:

Very pleased that earlier today a SDNY district court judge ordered my client Virgil Griffith released from jail pending trial, overturning the detention order of a SDNY magistrate judge.

Reportedly, the bond for his release reached $1 million, and will be released to stay at his parents’ home in Alabama. Despite the international, borderless nature of crypto assets, embargoes still stand when it comes to deals with the North Korean regime. So far, North Korea has attempted multiple illegal avenues to acquire crypto assets, including allegations of exchange hacks, and botnet mining for Monero (XMR). But the decision to organize a crypto conference, and invite an Ethereum developer, crossed a line that drew the attention of law enforcements. "Laws in this country are not suggestions," said Judge Vernon Broderick of the US District Court of New York. Griffith was accused of breaking  the International Emergency Economic Powers Act (IEEPA) for his relations and travels to North Korea. The paradox of Griffith’s case was that crypto was shown as a tool

to bypass sanctions.

Also likely NOT related but I think it’s a decent time to remind you about the “program wonder” that is Virgil Griffith. Thread, I updated with the acknowledgment Griffith turned over both of his passports.https://t.co/sVc5YWJwv2

In fact, it was precisely crypto-based relations which led to the sanctions. In 2019, it became clear that crypto usage and networks are not above and beyond the law. Ethereum is, in general borderless, but it is also not a token that is entirely censorship-free.It is possible to earmark ETH tokens, and track wallets, to prevent bad actors from liquidating to international exchanges. But a regime like North Korea may still have tools to gain access to the international finance system through crypto assets.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/virgil-griffith-ethereum-developer-released-on-bail-for-new-year/

Heiko Closhen, Entrepreneur

Ethereum’s Harmony will not support upcoming Istanbul hardfork

Ethereum’s Harmony will not support upcoming Istanbul hardfork

                                 

With the Istanbul hardfork expected to roll out by 4 December,

developers of the Ethereum community have been releasing several upgrades in its ecosystem.The testnets before the execution of the Istanbul hardfork have been activated with Rinkeby testnet being the latest one. While the community is gearing up for the Kovan testnet scheduled for December, the team lead at Ethereum Péter Szilágyi affirmed that Rinkeby was a success.

His tweet read,

“The Rinkeby #Ethereum testnet is officially in Istanbul!!! :-)”

In more recent updates, Ethereum’s Tim Beiko took to Twitter to elaborate on the developments that took place in the Ethereum Core Devs Meeting #75. After the release of several versions of Nethermind, Besu, and Geth, Parity v2.5.10-stable and v.2.6.5-beta was the latest versions to be released. The release would add block numbers for the activation of the Istanbul hardfork on the mainnet along with other updates. Along with the latest versions of Parity, Aleth 1.7.0 was also released which focused on EIPs for the Istanbul hardfork. While the developers urged the community to update their nodes, Beiko revealed that only 16% of nodes were updated. Additionally, Beiko revealed that Harmony wouldn’t be supporting Istanbul.

His tweet read,

“We also have an update from EthereumJ/Harmony to announce that they will stop maintaining their Eth1 client to focus on Eth 2.0. They will not be supporting Istanbul.”

While meeting mainly focused on Istanbul as there were no major updates pertaining to the Berlin hard fork. Furthermore, Beiko revealed the status of Ice Age and

tweeted,

“One final update, on the Ice Age! @JHancock is still looking at predicting exactly when it will hit. He will share the numbers with core developers as soon as he has them!”

Article Produced By
Sahana Kiran

Sahana is a full-time journalist at AMBCrypto covering the US market. A graduate in Political Science and Economics, she writes mainly about regulations and its impact.

https://ambcrypto.com/ethereums-harmony-will-not-support-upcoming-istanbul-hardfork/

Heiko Closhen, Entrepreneur

CFTC Chairman Confirms That Just Like Bitcoin Ethereum Is Also a Commodity

CFTC Chairman Confirms That Just Like Bitcoin, Ethereum Is Also a Commodity

                                

The CFTC chairman confirmed that Ethereum qualifies to be a commodity

and all the forked assets like the Ethereum Classic shall be subjected to similar regulatory considerations.According to the latest report from Yahoo Finance, the chairman of the United States Commodities and Futures Trading Commission called Ethereum (ETH) a commodity. Speaking at the Yahoo Finance Summit, CFTC chairperson Heath Tarbet said that the ETH token falls under the regulatory oversight of CFTC. He further added that in the near future, one cannot rule out the possibility of having Ethereum futures in the market.

Tarbet said:

“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether—until now. It is my view as chairman of the CFTC that ether is a commodity.”

Besides, the CFTC chairman also expressed his wish of the U.S. taking the leading role in the blockchain and digital assets market.

He said:

“I want to stress the importance of blockchain and digital assets to the United States, and in particular, as CFTC Chairman, I want the U.S. to lead in this technology.”

Besides, he also stated that the CFTC is closely working with the SEC on these two cryptocurrencies. These two regulators commonly agree that Bitcoin and Ethereum are not securities. Speaking on this matter, Compound Finance General Counsel Jake Chervinsky pointed out:

 

Forked Digital Assets to Get the Same Regulatory Status

Chairman Tarbet was also asked whether the same rules are applicable to forked cryptocurrencies. He said that any forked asset, Ethereum Classic, in this case, will get the same regulatory status as Ether.

He added:

“It stands to reason that similar assets should be treated similarly. If the underlying asset, the original digital asset, hasn’t been determined to be a security and is, therefore, a commodity, most likely the forked asset will be the same. Unless the fork itself raises some securities law issues under that classic Howey Test.”

Apart from Ether, Tarbet also answered questions on Facebook‘s Libra project. He said major regulators are looking into it and yet to determine is the Libra stablecoin falls under the security classification. “Is it a security, first and foremost. And if it isn’t a security, it is most likely a commodity,” he said. When it comes to having regulations for digital assets, Tarbet’s views are quite similar to his predecessor Christopher Giancarlo. The ex-CFTC chairman is known popularly as ‘Crypto Dad’ for his pro-crypto stand.

Article Produced By
Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

https://www.coinspeaker.com/author/bhushan_akolkar/

 

Heiko Closhen, Entrepreneur

Ethereum ETH’s Next Big Move Is Just Around The Corner

Ethereum (ETH)’s Next Big Move Is Just Around The Corner

                              

Ethereum (ETH) is finally close to its next big move that we have been waiting to come to fruition for weeks.

The symmetrical triangle on the 4H chart will now either see a sharp breakout to the upside or to the downside. Considering that the cryptocurrency market is still due for another downtrend and the condition of the Stochastic RSI and RSI for ETH/USD on the 4H chart, I’m inclined to believe that we are very likely to break to the downside. The price remains below the 38.2% fib retracement level despite numerous attempts to break out. As long as that is the case, I have no reason to be bullish on Ethereum (ETH) or any other cryptocurrencies. 

Many traders are waiting for a trend reversal at this point but I think it might turn out of be very risky as we do not know where the floor is. If the price starts to decline from here, I would not be surprised to see it crash below even $155 during the next downtrend. I am open to the possibility of the price breaking the symmetrical triangle to the upside but I would consider that to be a fake out and an opportunity to add to short positions. In any case, I would be very surprised to see the price closing above the 61.8% fib retracement level on the daily time frame. In my opinion, we are close to seeing the current move coming to fruition with the price completing a big move to the downside. This next move is what is very likely to turn the sentiment bearish once again and I think that would be a point to expect a short term trend reversal.

The daily chart for Ethereum dominance (ETH.D) is an even better indicator of what is likely to follow in the near future. If the rising wedge breaks to the downside as I expect it to, then we have a very high probability of the altcoin market experiencing some serious pain. RSI on the daily chart for Ethereum dominance points to a similar outcome. We are now very close to seeing a breakout in ETH/USD but if we link this chart with the ETH/USD chart, we get the complete picture and that is the strong probability of the beginning of a new downtrend from here. 

Ethereum (ETH) and other cryptocurrencies are long way from breaking out of the current bear market just yet. In my opinion, we are in the second half of the ongoing bear market and there is no reason to be bullish on Ethereum (ETH) or other altcoins as long as the market has not made the inevitable moves to the downside. Everyone is looking to buy the dip but most of you who have been around since 2014 or before would know that this is now what it feels like when the market bottoms. No one wants to buy the dip thinking it is the end and that is when the next cycle actually begins.

Article Produced By
Jefe Caan

I work as the key Trading Analyst for Crypto Daily and provide the team with regular analyses and updates regarding the technical performance of all cryptocurrencies on the market. I am responsible for the production of articles and posts for Crypto Daily’s own technical analysis section and spend my time monitoring and commenting on the varied moves the markets make on a daily basis.

https://cryptodaily.co.uk/2019/10/ethereum-next-big-move-is-just-around-the-corner

Heiko Closhen, Entrepreneur

Power to the seniors