Altcoins News
By Steven Anderson
1 / 8
The blockchain technology driven cryptocurrency industry is something that many are just trying to understand.
2 / 8
Many of them who are trying to understand the blockchain technology have not managed to get an understanding beyond the general level.
3 / 8
The average person is still trying to figure out what is Ethereum and why it is important than Bitcoin.
4 / 8
Bitcoin is a pure digital currency a store of value in simple terms. The decentralized ledger stores the detail of how much BTC (money) everyone has.
5 / 8
It all started with DNS which is a decentralized name server; however, people were asking if it is possible to create other kinds of things like smart contracts, financial…
6 / 8
Therefore, the core idea behind Ethereum is to have a general purpose blockchain. Instead of having 5 different set of tools for different types of applications, you have a…
7 / 8
Ethereum has the general purpose flexibility and this eventually led to lot of people building on it and eventually they are facing scalability challenges.
8 / 8
Vitalik Buterin recently spoke about merge. For those who do not know what that is supposed to mean actually will understand best listening to the Scaling Ethereum Merge Summit.
The Currency Analytics
Want the full story?