Ethereum is the next big technological step for humankind. From a comparative standpoint, if Bitcoin is decentralizing currency, Ethereum is decentralizing the Internet. Ethereum will change everything: the way we exchange value over the Internet, the way we use our computers, it will revolutionize the development of applications, communications, and ultimately our futures.
From a technical standpoint, the Internet is nothing but a set of systems and protocols made to interconnect us and enable us to share all kind of information.
While Bitcoin requires advanced hardware to mine efficiently, Ethereum is still one of the better GPU mining algorithms out there. While several of the privacy focused coins like Monero are often more profitable, the Ethash algorithm used by Ethereum is also the driving algorithm behind other popular coins such as Ethereum Classic, Ubiq, Pirl, Metaverse, Musicoin, Ellaism and others that are forks of the original Ethereum code.
This guide will look into what’s needed for Ethereum (Ethash) mining, and will also delve into the coming ASIC Ethereum miners.
To those who have been in the blockchain industry for a while now, Ethereum’s name is synonymous with platform development, the creation of custom tokens, and the launch of crowdfunding campaigns through initial coin offerings (ICOs).
While that pretty much sums up Ethereum’s functionalities, it is still cryptic enough to confuse those that are new to this space, and thus could benefit from a descriptive guide about the famous platform and its associated cryptocurrency.
Jeremy Allaire, CEO, and co-founder of FinTech company Circle believes blockchain and cryptocurrencies may someday be as widespread as the Internet is today, and he is certain Ethereum will be the industry’s primary driver.
Steve Wozniak, the Apple co-founder is a huge crypto and blockchain enthusiast. Despite suffering at the hands of suspected Bitcoin thieves at the start of the year, his belief in the emerging technology has dampened. Speaking at the “WeAreDevelopers” World Congress in Vienna, Austria, the man affectionately named “Woz” declared that Ethereum could be like Apple in terms of driving a new age of innovation.
The Chicago Board Options Exchange (CBOE) President Chris Cocannon has stated that as a result of the SEC’s recent decision that Ethereum is not a security, the Exchange is now open to the possibility of trading ETH futures.
Speaking earlier in the week, Concannon revealed that the CBOE, which has been interested in the ETH Futures market since December 2017 may likely begin to offer ETH Futures contracts alongside Bitcoin Futures contracts which are already traded on the Exchange.