Ethereum

Ethereum is a decentralized platform that runs smart contracts applications.

Published

2 years ago

December 13, 2022

Editor

Ethereum is a decentralized 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.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for about 13 percent of the total circulating supply.

The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. It is a 256-bit register stack, designed to run the same code exactly as intended. It is the fundamental consensus mechanism for Ethereum. The formal definition of the EVM is specified in the Ethereum Yellow Paper.

Ethereum is often described as a cryptocurrency, but it is really a platform for building decentralized applications. It is similar to the way that the World Wide Web enables the creation of websites and the internet enables the creation of networks. In the same way, Ethereum enables the creation of decentralized applications (or “dapps”) on its platform.

There are many potential uses for Ethereum, including building decentralized versions of existing applications such as voting systems, financial exchanges, and online marketplaces. It also has the potential to be used in the creation of new types of applications that have not yet been invented.

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Bitcoin

Crypto Market 2024: A Year of Remarkable Growth and Transformation

Published

4 weeks ago

December 31, 2024

Editor

The cryptocurrency market in 2024 has been a rollercoaster of significant developments, regulatory changes, and market milestones. Here’s a comprehensive summary:

Market Performance:

Bitcoin and Altcoins: Bitcoin reached new all-time highs, surpassing $100,000, largely influenced by the approval of spot Bitcoin and Ethereum ETFs, which attracted over $100 billion in investments within a year. Ethereum and other altcoins also saw substantial growth, with market dynamics shifting towards altcoin seasons and new project launches, especially in the first quarter.

Regulatory Landscape:

U.S. Elections and Policy: Post-election, the U.S. saw a surge in crypto-friendly policies, with Donald Trump’s administration promising to make America the “crypto capital of the world”. This has led to optimism and a significant market cap increase, hitting around $2 trillion. The SEC’s approval of spot ETFs for Bitcoin and Ethereum was a game-changer, providing easier access for institutional investors.
EU and Global Regulations: The Markets in Crypto-Assets (MiCA) regulation in the EU, set to take effect fully by the beginning of 2025, aims to provide regulatory clarity, enhancing consumer protection and fostering a safer competitive environment.

Technological Innovations:

Stablecoins and DeFi: Stablecoins have grown dramatically, with transaction volumes exceeding those of traditional payment networks like Visa. The rise in stablecoin usage, particularly USDT and USDC, has facilitated increased activity in DeFi, with liquid staking and tokenization gaining traction.
Layer-2 Solutions: Bitcoin Layer-2 blockchains are expected to drive further DeFi growth, enhancing scalability and transaction efficiency.

Investor Sentiment:

The year saw an influx of both retail and institutional investors, driven by the halving event, ETF approvals, and a more crypto-friendly regulatory outlook. However, the market was not without volatility, with significant price corrections and debates on the impact of macroeconomic factors like interest rate changes.

Challenges and Opportunities:

While the crypto market has shown resilience and growth, challenges like regulatory uncertainty, security risks, and the potential for market manipulation remain. On the flip side, there are opportunities in expanding use cases, especially in emerging markets, and in integrating cryptocurrencies into mainstream financial systems.

Looking Ahead:

With the groundwork laid for a better user experience and continued innovation, the crypto market is poised for further growth. The focus on real-world applications, regulatory clarity, and the maturation of blockchain projects signal a promising trajectory into 2025.

In conclusion, 2024 has been a pivotal year for crypto, marked by significant regulatory advancements, technological breakthroughs, and a surge in market cap, setting the stage for the next era of digital finance.