Ethereum's Transaction Momentum: Closing the Gap with Visa
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Ethereum, a prominent blockchain platform, is steadily gaining transaction momentum, rapidly closing the gap with Visa, a global payment technology company. With its robust network and growing adoption, Ethereum is proving its capability to handle a significant volume of transactions efficiently. As decentralized finance (DeFi) applications and non-fungible tokens (NFTs) continue to flourish on the Ethereum platform, it demonstrates the potential to rival traditional payment systems like Visa in terms of transaction throughput and scalability.
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What Is Ethereum_.pdf
Ethereum is a decentralized, open-source blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts, move funds in accordance with instructions given long in the past (like a will or a futures contract), and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum was first proposed in 2013 by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. At the time, Buterin was interested in the potential of blockchain technology to revolutionize a wide range of industries, but he believed that the Bitcoin blockchain was limited in its capabilities because it was designed primarily as a system for transferring value. Buterin saw the potential for a blockchain that could support more complex applications, and he proposed the development of a new platform that would be capable of running smart contracts.
The Ethereum network went live on July 30, 2015, with 72 million Ethereum premined. The Ethereum network has since become one of the largest and most active blockchain networks in the world.
What Makes Ethereum Unique?
One of the key features of Ethereum is its support for smart contracts. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein are stored on the blockchain. Smart contracts allow for the automation of a wide range of processes, including the transfer of assets from one party to another, the enforcement of agreements, and the facilitation of complex financial transactions.
Smart contracts have the potential to revolutionize a wide range of industries, including finance, real estate, and even the legal industry. For example, smart contracts could be used to automate the process of buying and selling real estate, streamlining the process and reducing the need for intermediaries such as real estate agents and lawyers. In the financial industry, smart contracts could be used to automate the process of executing financial transactions, making it faster and more efficient.
In addition to smart contracts, Ethereum is also notable for its support for decentralized applications (dApps). A dApp is a decentralized application that runs on a blockchain, and it is built using smart contracts. dApps have the advantage of being decentralized, which means that they are not controlled by a single entity. This makes them resistant to censorship and immune to downtime, as there is no central server that can be taken down.
There are a wide range of dApps that have been built on the Ethereum platform, covering a variety
Top 5 Cryptocurrencies To Invest In 2019 | Cryptocurrency News | Edureka
***** Blockchain Training : https://www.edureka.co/blockchain-training *****
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crypto.pdf
What is Cryptocurrency and Why is it Important?
Cryptocurrency is a revolutionary digital or virtual form of currency that utilizes cryptographic techniques to secure financial transactions and control the creation of new units. It is decentralized, meaning it is not controlled by any central authority, such as a government or a central bank, which sets it apart from traditional fiat currencies like the US dollar or the euro. Instead, cryptocurrencies rely on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The emergence of cryptocurrency, spearheaded by the creation of Bitcoin in 2009 by an anonymous entity known as Satoshi Nakamoto, has ushered in a new era of financial innovation and digital commerce. Bitcoin was the first cryptocurrency and remains the most well-known and valuable, but it has since been joined by thousands of other cryptocurrencies, each with its own unique features and use cases. Ethereum, for instance, introduced the concept of smart contracts, allowing for self-executing agreements with no need for intermediaries.
Top benefits to incur when you buy ethereum with Canadian dollars
In addition to supporting Ether, the Ethereum blockchain network supports several other tokens, also known as stablecoins. For example, USDC, Tether, USDT are all backed by the Ethereum blockchain. For its part, Ether is traded under the symbol ETH, and the number of Ether that can be issued is currently unlimited.
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Ethereum is a decentralized, open-source blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts, move funds in accordance with instructions given long in the past (like a will or a futures contract), and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum was first proposed in 2013 by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. At the time, Buterin was interested in the potential of blockchain technology to revolutionize a wide range of industries, but he believed that the Bitcoin blockchain was limited in its capabilities because it was designed primarily as a system for transferring value. Buterin saw the potential for a blockchain that could support more complex applications, and he proposed the development of a new platform that would be capable of running smart contracts.
The Ethereum network went live on July 30, 2015, with 72 million Ethereum premined. The Ethereum network has since become one of the largest and most active blockchain networks in the world.
What Makes Ethereum Unique?
One of the key features of Ethereum is its support for smart contracts. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein are stored on the blockchain. Smart contracts allow for the automation of a wide range of processes, including the transfer of assets from one party to another, the enforcement of agreements, and the facilitation of complex financial transactions.
Smart contracts have the potential to revolutionize a wide range of industries, including finance, real estate, and even the legal industry. For example, smart contracts could be used to automate the process of buying and selling real estate, streamlining the process and reducing the need for intermediaries such as real estate agents and lawyers. In the financial industry, smart contracts could be used to automate the process of executing financial transactions, making it faster and more efficient.
In addition to smart contracts, Ethereum is also notable for its support for decentralized applications (dApps). A dApp is a decentralized application that runs on a blockchain, and it is built using smart contracts. dApps have the advantage of being decentralized, which means that they are not controlled by a single entity. This makes them resistant to censorship and immune to downtime, as there is no central server that can be taken down.
There are a wide range of dApps that have been built on the Ethereum platform, covering a variety
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***** Ethereum Developer Course : https://www.edureka.co/ethereum-developer-course *****
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crypto.pdf
What is Cryptocurrency and Why is it Important?
Cryptocurrency is a revolutionary digital or virtual form of currency that utilizes cryptographic techniques to secure financial transactions and control the creation of new units. It is decentralized, meaning it is not controlled by any central authority, such as a government or a central bank, which sets it apart from traditional fiat currencies like the US dollar or the euro. Instead, cryptocurrencies rely on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The emergence of cryptocurrency, spearheaded by the creation of Bitcoin in 2009 by an anonymous entity known as Satoshi Nakamoto, has ushered in a new era of financial innovation and digital commerce. Bitcoin was the first cryptocurrency and remains the most well-known and valuable, but it has since been joined by thousands of other cryptocurrencies, each with its own unique features and use cases. Ethereum, for instance, introduced the concept of smart contracts, allowing for self-executing agreements with no need for intermediaries.
Top benefits to incur when you buy ethereum with Canadian dollars
In addition to supporting Ether, the Ethereum blockchain network supports several other tokens, also known as stablecoins. For example, USDC, Tether, USDT are all backed by the Ethereum blockchain. For its part, Ether is traded under the symbol ETH, and the number of Ether that can be issued is currently unlimited.
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Ethereum is a decentralised blockchain-based cryptocurrency with its own native currency, Ether (ETH), as well as a unique programming language known as Solidity. Ethereum, which was created in 2015 by a small group of crypto pioneers, has risen to become the world's second most popular cryptocurrency, trailing only Bitcoin. Ethereum was created by a team that included Joe Lubin and Vitalik Buterin, who is currently the Ethereum CEO and the world's youngest crypto millionaire at the age of 27.
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Transaction speed
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crypto is the power of today
Cryptocurrency, also known as crypto, is a digital form of currency that utilizes cryptographic technology to secure transactions and control the creation of new units. Unlike traditional currencies issued by central authorities, cryptocurrencies operate on a decentralized network, typically based on blockchain technology. This decentralized nature ensures that transactions are recorded transparently and cannot be altered, providing increased security and trust.
Cryptocurrency has the potential to disrupt traditional financial institutions by offering alternative methods of payment and financial services. Blockchain technology can streamline processes, reduce costs, and enhance transparency in areas such as remittances, cross-border transactions, and supply chain management. Financial institutions are increasingly exploring the integration of cryptocurrency and blockchain technology to stay competitive in the evolving financial landscape.
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Comprehensive Comparison Between Bitcoin and Altcoins.pdf
Introduction
Welcome to our comprehensive video presentation on the comparison between Bitcoin and Altcoins. In this video, we'll take an in-depth look at the unique features, underlying technologies, performance parameters, user benefits, drawbacks, and more that distinguish these two categories of cryptocurrencies. Let's dive into the details of this comprehensive comparison matrix.
A Brief Overview
Let's start with a brief overview of Bitcoin and Altcoins. Bitcoin, introduced by Satoshi Nakamoto in 2008, holds the distinction of being the first cryptocurrency. It operates on a decentralized, open-source blockchain, functioning as a digital peer-to-peer currency for secure and permissionless transactions. On the other hand, Altcoins encompass all cryptocurrencies other than Bitcoin, offering alternatives with varying features, functionalities, and use cases.
Key Characteristics
Bitcoin's key characteristics include a limited supply of 21 million coins, a Proof of Work (PoW) consensus mechanism, high security, and a narrative of being a store of value akin to digital gold. In contrast, Altcoins showcase diverse supply mechanisms, consensus models like PoW, PoS (Proof of Stake), and DPoS (Delegated Proof of Stake), as well as distinct use cases such as smart contracts, privacy features, and scalability enhancements.
Intrinsic Qualities
Bitcoin's intrinsic qualities lie in its immutability, censorship resistance, limited supply that enhances scarcity value, and its recognized brand identity. Altcoins, however, offer technological diversity and innovation, specialized use cases that cater to unique needs, and the potential for higher transaction throughput and scalability.
Underlying Technology
Bitcoin operates on blockchain technology, utilizing the Unspent Transaction Output (UTXO) model. Its energy-intensive PoW consensus mechanism secures the network, and it employs a basic scripting language for smart contracts. Altcoins, on the other hand, feature diverse blockchain technologies, such as Ethereum's EVM (Ethereum Virtual Machine), and employ varying consensus mechanisms like PoS and DPoS. This diversity also enables more advanced smart contract capabilities.
Performance Parameters
Bitcoin's performance parameters include limited transaction throughput, high energy consumption due to PoW, and slower confirmation times during network congestion. In contrast, Altcoins exhibit varying transaction throughput based on their consensus mechanisms, lower energy consumption in PoS-based systems, and potentially faster confirmation times.
Operational Efficiencies
Bitcoin boasts a proven track record, strong security, wide adoption, and recognition. It's known for its high liquidity in markets. On the other hand, Altcoins offer flexibility in addressing specific use cases, potential for faster transaction processing, and lower energy consumption in PoS-based systems.
User Benefits
Bitcoin's user benefits include security as an established store of value,
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Security evaluationsEthereum (ETH) Coin What Is It And How Does It Work.pdf
Ethereum is a cryptocurrency that offers ether tokens, which are similar to bitcoins that you get as part of the Bitcoin network.
“I understand that bitcoin is like a pocket calculator; it’s designed to do one thing, and it works really well, but you can’t do anything else with it,” says Olly Leech, editor at Coindesk, a cryptocurrency news outlet.
So Buterin created Ethereum, a blockchain network with an associated cryptocurrency called ether (ETH), with the potential to do so much more.
While you can buy and trade Ethereum as an investment like Bitcoin, developers of software platforms can also use it to create new applications, often adjacent to cryptocurrency or otherwise designed to make buying, selling, and using cryptocurrency a smoother process.
Like the ones on your phone, these apps can be anything from lending apps to payment platforms.
“Think of Ethereum like a smartphone,” says Leech. Developers can build apps on smartphones, similar to how apps are built on Ethereum.
While mobile apps have a more universal app potential these days, Ethereum apps are geared more towards crypto users.
Using the example of a lending app, a developer can build the app, which other crypto users can use to lend and borrow.
“All of this is supported by the idea of smart contracts,” he says. Leech says the smart contract is software that runs completely independently on the Ethereum blockchain. All of these smart contracts perform all the functions that some third party would normally have to take care of.
For example, people can complete direct transactions over the network.
Peer-to-peer lending is gaining popularity on Ethereum at the moment, Leach says.
A lending application developed on the Ethereum network allows users to lend money to each other without involving a bank.
The smart contracts that power these applications are basically just algorithms designed to perform a specific function when certain conditions are met.
In the case of a peer-to-peer loan, the contract begins to result in lending money when the collateral is placed in the correct wallet or account.
Potential benefits of using a smart contract over a traditional lender include faster execution, no human error or bias, and lower fees.
Ethereum trading features
Trading Ethereum and Ethereum Classic with AvaTrade can be beneficial in a way that cryptocurrency exchanges cannot.
Selling short, or short selling, “sell high, buy low,” is a “short” selling identification that allows traders to trade and profit when the markets go down and then take profits when they bounce back. In other words, short selling is motivated by the belief that the price index will fall, allowing buybacks at a lower price to turn a profit.
High leverage, high leverage, is a loan from the brokerage firm to the trader. This allows you to open much larger deals with the lowest investment amount. It can magnify your potential profits, and at the same time it can magnify your losses.
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Blockchain Technology and Cryptocurrency
Discussed about the Blockchain and how it works
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Creating our own cryptocurrency for startups.
Snapshots are attached.
Primary post1. It is well known that the key innovation of crypto.docx
Primary post:
1. It is well known that the key innovation of crypto-currency (such as Bitcoin, Ethereum) is distributed consensus protocol. It is also clear that crypto-currency is changing the future of business. Do your own research and reference at least 2 articles related to this topic.
2. Primary post : Write a post (300-500 words) on the discussion forum (Click "Add new discussion" to start) to summarize your research. In your summary:
· Identify and briefly describe TWO distributed consensus protocols
· State clearly in what way do you foresee that crypto-currency is change the future of business.
3. Secondary post : Respond to exact TWO (2) other postings. If there are more than two secondary posts, the two post that you submitted will be graded. Your secondary post should be:
· 150-200 words
· Answer to another student's question to your own post
· Comment to your original post
First reply: <Other Student’s name>
Post selected
One of the greatest breakthroughs in Monetary technology is that the innovation of Cryptocurrency. Whereas there has been plenty of buzz around cryptocurrency, there’s disproportionately less clarity on what it extremely is. Cryptocurrencies square measure the way of liberating the finance system from banks that sometimes unsuccessful, by creating it clear. They allow all transactions to be verified on a public ledger.
Cryptocurrency:
Cryptocurrency could be a digital or virtual currency that uses cryptography for security. A cryptocurrency is troublesome to counterfeit owing to this security feature. A process feature of a cryptocurrency and arguably its most lovely attract, is its organic nature; it’s not issued by any central authority, rendering it on paper resistant to government interference or manipulation. It is created and stored electronically which can only be saved in computers or websites. These transactions are facilitated through use of private and public keys for security purpose. All cryptocurrencies will have following common characteristics: Digital, Decentralized, Independence, Cryptographic, Identity and Transaction Verification.
Some of the Cryptocurrencies: Bitcoin was the foremost invented cryptocurrency in 2009, Ethereum, Litecoin, Namecoin, PeerCoin, Ripple, Primecoin, Auroracoin etc.
Advantages:
The usage of crypto currency is fast, cheap and there are no charge backs. People cannot steal information from merchants and its as private as you wanted to be. Its usage is easy and fat payment without using the credit card or sign any document, we just need to know the address of person or organization to whom one has to transfer money, payment processing is very fast. It also ensures that transactions are secure. There are no processing charges to complete the transaction.
Disadvantages:
Main disadvantage is it is not widely accepted like in physical stores instead of real money. It cannot be retrieved like traditional/physical money if we lose the digital currency informatio.
Smart Contract Audit and Development
Smart auditing in the blockchain is a revolutionary approach that enhances transparency and trustin financial systems. Utilizing advanced technologies like smart contracts and data immutability, it automates the auditing process, ensuring accuracy and efficiency. Smart auditing offers real-time monitoring,fraud detection, and seamless compliance, reducing costs and risks. With blockchain's decentralized nature, audits become more secure,tamper-proof, and accessible,transforming traditional auditing practices for the better.
IoT Solution For Education Industry
The education and e-learning industry is constantly evolving with the emergence of new technologies.Blockchain technology can be used to verify credentials and create secure academic records. The metaverse can provide immersive educational experiences. The Internet of Things (IoT) can enable personalized learning and track student progress.Artificial intelligence (AI) can provide adaptive learning experiences and intelligenttutoring. Web and mobile app development solutions can create user-friendly interfaces and mobile learning platforms. These emerging technologies have the potentialto revolutionize the way we learn and teach.
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crypto is the power of today
Cryptocurrency, also known as crypto, is a digital form of currency that utilizes cryptographic technology to secure transactions and control the creation of new units. Unlike traditional currencies issued by central authorities, cryptocurrencies operate on a decentralized network, typically based on blockchain technology. This decentralized nature ensures that transactions are recorded transparently and cannot be altered, providing increased security and trust.
Cryptocurrency has the potential to disrupt traditional financial institutions by offering alternative methods of payment and financial services. Blockchain technology can streamline processes, reduce costs, and enhance transparency in areas such as remittances, cross-border transactions, and supply chain management. Financial institutions are increasingly exploring the integration of cryptocurrency and blockchain technology to stay competitive in the evolving financial landscape.
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The crypto world is structured atop blockchain technology and for successful crypto ventures like Ethereum, a point has come where bigger has become less efficient and more costly. The issue is maintaining efficiency by scaling as Ethereum grows.
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Comprehensive Comparison Between Bitcoin and Altcoins.pdf
Introduction
Welcome to our comprehensive video presentation on the comparison between Bitcoin and Altcoins. In this video, we'll take an in-depth look at the unique features, underlying technologies, performance parameters, user benefits, drawbacks, and more that distinguish these two categories of cryptocurrencies. Let's dive into the details of this comprehensive comparison matrix.
A Brief Overview
Let's start with a brief overview of Bitcoin and Altcoins. Bitcoin, introduced by Satoshi Nakamoto in 2008, holds the distinction of being the first cryptocurrency. It operates on a decentralized, open-source blockchain, functioning as a digital peer-to-peer currency for secure and permissionless transactions. On the other hand, Altcoins encompass all cryptocurrencies other than Bitcoin, offering alternatives with varying features, functionalities, and use cases.
Key Characteristics
Bitcoin's key characteristics include a limited supply of 21 million coins, a Proof of Work (PoW) consensus mechanism, high security, and a narrative of being a store of value akin to digital gold. In contrast, Altcoins showcase diverse supply mechanisms, consensus models like PoW, PoS (Proof of Stake), and DPoS (Delegated Proof of Stake), as well as distinct use cases such as smart contracts, privacy features, and scalability enhancements.
Intrinsic Qualities
Bitcoin's intrinsic qualities lie in its immutability, censorship resistance, limited supply that enhances scarcity value, and its recognized brand identity. Altcoins, however, offer technological diversity and innovation, specialized use cases that cater to unique needs, and the potential for higher transaction throughput and scalability.
Underlying Technology
Bitcoin operates on blockchain technology, utilizing the Unspent Transaction Output (UTXO) model. Its energy-intensive PoW consensus mechanism secures the network, and it employs a basic scripting language for smart contracts. Altcoins, on the other hand, feature diverse blockchain technologies, such as Ethereum's EVM (Ethereum Virtual Machine), and employ varying consensus mechanisms like PoS and DPoS. This diversity also enables more advanced smart contract capabilities.
Performance Parameters
Bitcoin's performance parameters include limited transaction throughput, high energy consumption due to PoW, and slower confirmation times during network congestion. In contrast, Altcoins exhibit varying transaction throughput based on their consensus mechanisms, lower energy consumption in PoS-based systems, and potentially faster confirmation times.
Operational Efficiencies
Bitcoin boasts a proven track record, strong security, wide adoption, and recognition. It's known for its high liquidity in markets. On the other hand, Altcoins offer flexibility in addressing specific use cases, potential for faster transaction processing, and lower energy consumption in PoS-based systems.
User Benefits
Bitcoin's user benefits include security as an established store of value,
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Ethereum is a cryptocurrency that offers ether tokens, which are similar to bitcoins that you get as part of the Bitcoin network.
“I understand that bitcoin is like a pocket calculator; it’s designed to do one thing, and it works really well, but you can’t do anything else with it,” says Olly Leech, editor at Coindesk, a cryptocurrency news outlet.
So Buterin created Ethereum, a blockchain network with an associated cryptocurrency called ether (ETH), with the potential to do so much more.
While you can buy and trade Ethereum as an investment like Bitcoin, developers of software platforms can also use it to create new applications, often adjacent to cryptocurrency or otherwise designed to make buying, selling, and using cryptocurrency a smoother process.
Like the ones on your phone, these apps can be anything from lending apps to payment platforms.
“Think of Ethereum like a smartphone,” says Leech. Developers can build apps on smartphones, similar to how apps are built on Ethereum.
While mobile apps have a more universal app potential these days, Ethereum apps are geared more towards crypto users.
Using the example of a lending app, a developer can build the app, which other crypto users can use to lend and borrow.
“All of this is supported by the idea of smart contracts,” he says. Leech says the smart contract is software that runs completely independently on the Ethereum blockchain. All of these smart contracts perform all the functions that some third party would normally have to take care of.
For example, people can complete direct transactions over the network.
Peer-to-peer lending is gaining popularity on Ethereum at the moment, Leach says.
A lending application developed on the Ethereum network allows users to lend money to each other without involving a bank.
The smart contracts that power these applications are basically just algorithms designed to perform a specific function when certain conditions are met.
In the case of a peer-to-peer loan, the contract begins to result in lending money when the collateral is placed in the correct wallet or account.
Potential benefits of using a smart contract over a traditional lender include faster execution, no human error or bias, and lower fees.
Ethereum trading features
Trading Ethereum and Ethereum Classic with AvaTrade can be beneficial in a way that cryptocurrency exchanges cannot.
Selling short, or short selling, “sell high, buy low,” is a “short” selling identification that allows traders to trade and profit when the markets go down and then take profits when they bounce back. In other words, short selling is motivated by the belief that the price index will fall, allowing buybacks at a lower price to turn a profit.
High leverage, high leverage, is a loan from the brokerage firm to the trader. This allows you to open much larger deals with the lowest investment amount. It can magnify your potential profits, and at the same time it can magnify your losses.
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Blockchain Technology and Cryptocurrency
Discussed about the Blockchain and how it works
Also the advantages of Blockchain over centralized system and some drawbacks are also mentioned.
Discussion on bitcoin and Cryptocurrency
Creating our own cryptocurrency for startups.
Snapshots are attached.
Primary post1. It is well known that the key innovation of crypto.docx
Primary post:
1. It is well known that the key innovation of crypto-currency (such as Bitcoin, Ethereum) is distributed consensus protocol. It is also clear that crypto-currency is changing the future of business. Do your own research and reference at least 2 articles related to this topic.
2. Primary post : Write a post (300-500 words) on the discussion forum (Click "Add new discussion" to start) to summarize your research. In your summary:
· Identify and briefly describe TWO distributed consensus protocols
· State clearly in what way do you foresee that crypto-currency is change the future of business.
3. Secondary post : Respond to exact TWO (2) other postings. If there are more than two secondary posts, the two post that you submitted will be graded. Your secondary post should be:
· 150-200 words
· Answer to another student's question to your own post
· Comment to your original post
First reply: <Other Student’s name>
Post selected
One of the greatest breakthroughs in Monetary technology is that the innovation of Cryptocurrency. Whereas there has been plenty of buzz around cryptocurrency, there’s disproportionately less clarity on what it extremely is. Cryptocurrencies square measure the way of liberating the finance system from banks that sometimes unsuccessful, by creating it clear. They allow all transactions to be verified on a public ledger.
Cryptocurrency:
Cryptocurrency could be a digital or virtual currency that uses cryptography for security. A cryptocurrency is troublesome to counterfeit owing to this security feature. A process feature of a cryptocurrency and arguably its most lovely attract, is its organic nature; it’s not issued by any central authority, rendering it on paper resistant to government interference or manipulation. It is created and stored electronically which can only be saved in computers or websites. These transactions are facilitated through use of private and public keys for security purpose. All cryptocurrencies will have following common characteristics: Digital, Decentralized, Independence, Cryptographic, Identity and Transaction Verification.
Some of the Cryptocurrencies: Bitcoin was the foremost invented cryptocurrency in 2009, Ethereum, Litecoin, Namecoin, PeerCoin, Ripple, Primecoin, Auroracoin etc.
Advantages:
The usage of crypto currency is fast, cheap and there are no charge backs. People cannot steal information from merchants and its as private as you wanted to be. Its usage is easy and fat payment without using the credit card or sign any document, we just need to know the address of person or organization to whom one has to transfer money, payment processing is very fast. It also ensures that transactions are secure. There are no processing charges to complete the transaction.
Disadvantages:
Main disadvantage is it is not widely accepted like in physical stores instead of real money. It cannot be retrieved like traditional/physical money if we lose the digital currency informatio.
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- 1. Ethereum's Transaction Momentum: Closing the Gap with Visa 1
- 2. Introduction to Ethereum Ethereum is a decentralized, open-source blockchain with smart contract functionality. It's the second- largest cryptocurrency by market cap.
- 3. Blockchain is a decentralized, digital ledger that records transactions across many computers. It provides transparency, security, and immutability.
- 4. Ethereum has a faster block time and supports more transactions per second than Bitcoin. Bitcoin is a digital currency that uses peer-to-peer technology to facilitate payments. Ethereum is a blockchain platform that supports smart contracts and decentralized applications.
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- 8. Ethereum offers faster international transactions. Ethereum has lower transaction fees. Ethereum provides decentralization and immutability.
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