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Ethereum is a public, open-source distributed ledger platform that allows for the creation of smart contracts and decentralized applications (DApps). The project was launched in 2013 by Vitalik Buterin and has since grown into one of the largest blockchain projects in the market.
Ethereum’s smart contracts platform has gathered a lot of attention from a wide range of industries because it could potentially be used to digitize and streamline inefficient business processes in the future. This is why Ethereum’s digital currency Ether has witnessed such a tremendous increase in value since its launch.
The Ethereum project had its initial coin offering in the summer of 2014, where it sold 11.9 million Ether tokens to raise $16 million. Ether’s issue price at the time of the crowdsale amounted to $0.311.
Ethereum’s token Ether carries the ticker ETH and has become the second largest digital currency in terms of market capitalization. Ether’s all-time high price was $1,431.77, which it reached on January 13, 2018 which marks an over 147,000 percent increase in value since its ICO. #CoachBAndStewards #coinhistory #blockchain #revolution #Changingtheworld #ethereum
#distributedledgertechnology #distributedledgers #smartcontracts #smartcontract #decentralizedapplications #vitalikbuterin #marketcapitalization #ether #icos

Vitalik Buterin Thinks zk-SNARKs Could Help Ethereum Scale to 500 Transactions Per Second https://buff.ly/2ztBVdU #ethereum #vitalikbuterin

БУТЕРИН НАШЕЛ СПОСОБ УВЕЛИЧЕНИЯ ОБЪЕМА ТРАНЗАКЦИЙ ДО 500 ОПЕРАЦИЙ В СЕКУНДУ
Соучредитель Ethereum (ETH) Виталик Бутерин (англ. Vitalik Buterin) предложил способ увеличения объема транзакций ETH до 500 операций в секунду.
Бутерин отмечает, что технические наработки криптовалюты Zcash (ZEC) могут поспособствовать масштабированию Ethereum.

Технология ZK-SNARKS позволяет ретрансляционным узлам «проверять правильность вычислений без их выполнения, отмечает Бутерин.
«Существует два класса пользователей: (i) получатель и (ii) передатчик. Передатчик выполняет набор операций от получателей и объединяет их всех в транзакцию, позволяя ZK-SNARK выполнять доказательство действительности и публиковать данные транзакций в сжатой форме в блокчейне. Передатчик получает вознаграждение посредством транзакционных сборов от получателей», — написал Бутерин.

#ВиталикБутерин #VitalikButerin #ETH #Ethereum #Zcash #ZEC #SNARK #криптовалюта #криптовалюты #крипта #блокчейн #blockchain #криптопёс

ETH News | September 24, 2018
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#Blockchain-Inspired AR Art Exhibition To Hit Edinburgh Gallery
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Smart #Dubai Unveils Blockchain-Powered Payment System
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The Incentives That Make #FOAM Function
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Vitalik Buterin Weighs In On #SNARKs For Layer 2
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#Walmart Gives Suppliers Deadline To Join Food Trust Blockchain
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#Ethereum #EthereumNews #BlockchainNews #Crypto #Cryptocurrency #AugmentedReality #VitalikButerin #FoodTrustBlockchain

A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said.⠀

Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale "by a huge amount," up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden.⠀

zk-snarks allow for large batches of information to be compressed into so-called succinct proofs, which remain the same size regardless of the amount of inputs.⠀

Continuing, Buterin describes a method that includes a "relayer" node, a kind of computer that performs the task of aggregating transactions in exchange for transaction fees.⠀

"Anyone can be a relayer; there is no assumption of even an untrusted special 'operator' existing," Buterin added.⠀

As a result, he estimated that such a setup could lead to gains of "~24x for ETH transactions and ~50x for ERC-20 transfers."⠀

What do you think about this?⠀

Comment and let us now!⠀

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#blockchain #innovation #ethereum #bitcoin #tokensale #ico #cryptocurrency #virtualcurrency #coinmarketcap #token #binance #cryptoexchange #cryptowallet #cryptotrading #CryptoMining #Zcash #zksnarks #VitalikButerin

Vitalik Buterin about to integrate some Zcash tech in Ethereum ?
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According to Vitalik himself, Zcash's "ZK-SNARKS" tech could help Ethereum scale from currently 15 transaction per second to 500, around 3200% increase!
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Ethereum could claim and maimtain its second position again, as the network is often congested as on last december.
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Stay tuned for more, on your Daily Blockchain!
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Source : https://www.ccn.com/vitalik-says-ethereum-can-scale-to-500-tx-s-using-zcash-technology/
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#crypto #cryptocurrency #bitcoin #blockchain #trading #ethereum #zcash #eth #mining #vitalik #beturin #vitalikbuterin #bullish #bullmarket #makeitrain #tech

Vitalik Buterin, Co-Founder, Ethereum: $400 million - $500 million
He was born in Russia, grew up in Canada, where he moved with his parents at the age of six, speaks Russian, English and Chinese. He lived in Zug, Switzerland for three years and moved to Singapore in 2017. He dropped out of University at Waterloo to work on blockchain projects.
Buterin became interested in bitcoin in 2011, and in the same year became a co-founder of the magazine "Bitcoin Magazine". In 2012, Bitcoin Magazine began to be published as a printed publication and became the first major printed publication on this topic. He also holds a position in the first peer-reviewed scientific journal Ledger, dedicated to cryptocurrencies and related topics.
Prior to joining Ethereum, he also worked on various open-source projects related to Bitcoin.
In May 2016, he came to Russia for the first time since he moved with his parents to Canada in 2001. During his visit he met with Russian Ministers and representatives of the Central Bank of the Russian Federation.
In 2017 Vitalik Buterin entered the top 10 of the rating "40 most influential young people under 40 years" according to Fortune magazine, got into the rating of 600 brightest people under 30 years of Forbes magazine
#CoachBAndStewards #cryptomillionaires #inspirationalpeople #motivationalcoach #vitalikbuterin
#ether #Ethereum #ethereummining #cofounders #businessfounders #icofounder #russia #canada #switzerland #singapore #blockchainproject #bitcoinproject #bitcoinmagazine #fortunemagazine #brightestpeople #forbesmagazine #billionaireslifestyle

Uma forma de criptografia descoberta primeiro pela zcash pode ajudar na questão de escalabilidade do Ethereum, afirmou o fundador da plataforma, Vitalik Buterin, durante o fim de semana. Chamada zk-snarks, Buterin afirmou que, ao usar a tecnologia, o Ethereum pode potencialmente escalar de forma significativa, cerca de 500 transações por segundo, sem depender de soluções de escalabilidade em duas camadas, como Plasma ou Raiden.
#webitcoin #thefuturetoday #ethereum #vitalikbuterin #escalabilidade #zcash #altcoin #criptomoedas #noticias #tecnologia

Here's what Vitalik Buterin once said about Blockchain👇🏼 I think he made quite a good point. Blockchain is all about creating efficiencies where possible and cutting out the middlemen 📈

Thoughts?👇🏼🤔 #blockchain #bitcoin #decentralization #technology #innovation #cryptocurrency #vitalikbuterin

@buterin_vitalik explaining how a #decentralized economy will squeeze out the large middle men in order to provide peer to peer service connections.
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Learn more about the future of the blockchain technology and the implementations yet to be discovered!
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