Covid-19 Day 78 : Ethereum 2.0

Nataniel

Nataniel

Photographer, content designer and trader

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Since launched in July 2015, it has been the second largest cyrpto in term of capital market. Number one still the legendary Bitcoin. Ethereum get so many attention from the developer and also investing because of its algorithm.

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Wikipedia. Ethereum is a decentralized open source blockchain featuring smart contract functionality. Ether is the cryptocurrency generated by Ethereum miners as a reward for computations performed to secure the blockchain.[3] As of May 2020, Ethereum serves as the platform for over 260,000 different cryptocurrencies, including 4 of the top 10 cryptocurrencies by market capitalization: EOSTetherBinance Coin and Ethereum itself.[4] Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.[5] The virtual machine’s instruction set, in contrast to others like Bitcoin Script, is Turing-complete. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.[5] 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.[5] The system then went live on 30 July 2015, with 72 million coins minted.[6][7] This accounts for about 65 percent of the total circulating supply in April 2020.

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This week, the price of ETH is skyrocketing because of the plan to release the ETH 2.0. This project has been postponed since 2017. The plan is to release this year around June or July. Lot of people speculate and start to stack more ETH. In this release, ETH 2.0 will provide the Baseline, where every one can built their program in this platform. By building it in the baseline, every apllication can communicate trough this blockchain easily.

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