How to Trade Ethereum – Is Etherium is Better Than Bitcoin

While Bitcoin and Ether are two digital currencies, the primary purpose of … you can use a demo account to invest Ether or other virtual currency.

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Regarding the rising popularity of ethereum reflected in top crypto rankings.we will focus on why and how to trade ethereum and its features.

This can be better than Bitcoin

What is the better investment: bitcoin or ethereum? To get the answer to this question, as a trader, you should keep an eye on both crypto parities and see which one is best suited to your trading style when you want to invest. Here we will focus more on why ethereum is a good investment and how to trade ethereum, regarding its rising popularity reflected in top crypto rankings.

Crypto Network Rankings

The CCID Research Institute, the Chinese government-backed tech force, has released its 19th crypto ranking.

EOS takes first place, followed by ETH. The IOST, which ranks just after ETH, is perhaps the big winner of the ranking. The IOST has the highest score in technology but lags far behind the top 10 in creativity.

Meanwhile, TRON (TRX) comes in 4th place, still better than Bitcoin, but far behind ETH.

Should You Invest In Bitcoin Or Ethereum

Choosing your favorite cryptocurrency depends on your trading strategy and personal preferences. Put them both on tests for some time. See which one matches your view of the market and your expectations.

While the two currencies, Bitcoin and Ethereum, are powered by the principle of large distributed ledgers, regarding the time of forming a block, Ethereum’s transaction is confirmed in seconds compared to several minutes of Bitcoin.

But Ethereum, despite being less expensive than BTC, is also a very secure currency.

From a general perspective, Bitcoin and Ethereum have entirely different goals, aiming to solve a specific problem.

Bitcoin was meant to be an alternative to fiat currencies as it has always been known and is, therefore, a means of transaction payment and value storage.

Ethereum is developed as a platform that facilitates peer-to-peer (person-to-person) contracts and applications while using its currency. While Bitcoin and Ether are two digital currencies, the primary purpose of Ethereum is not to establish as a payment alternative, but to facilitate Ethereum’s network to enable developers to build and run distributed applications.

How To Trade Ethereum – The specificity of Ethereum

The implementation of blockchain technology goes far beyond simple digital currencies.

Launched in July 2015, Ethereum is the largest and most established open decentralized software platform that enables the building and running of smart contracts and Distributed Applications (Dapps) without disruption, fraud, control, or interference.

Ethereum doesn’t represent only a trading platform, but also a programming language that runs on a blockchain, helping developers build and publish decentralized applications.

The potential applications using Ethereum’s technology are vast and run on its specific ether-token platform. In 2014, Ethereum launched a pre-sale for Ethereum, which received an enormous response. Etherium is like a vehicle for the Ethereum platform; it is sought after by developers looking to develop and run applications inside Ethereum.

How to trade Ethereum – Is It a good investment

Ethereum has long established itself as one of the largest and most successful cryptocurrency projects. Therefore ethereum is a good investment. Although not yet in the same category as Bitcoin in terms of value, Ethereum has completely eclipsed all other altcoins. Today it is among major rivals to the original crypto coin.

Since ETH market cap reaches $41 billion, most market watchers believe Ethereum is here to stay and dominate. Due to its immense popularity, you can purchase Ethereum from all online cryptocurrency brokers. You can also purchase with many less specialized brokers now, also offering the ethereum tokens.

It is important to study Ether and Bitcoin charts and become familiar with the instrument in which you choose to invest. This is even more relevant for short-term charts, where the price action can sometimes be quick and unexpected. Some instruments will probably suit better to your trading style than others. You should always make sure that you know how to buy or sell ethereum before trading it for real money. For this, you can use a demo account to invest Ether or other virtual currency. It will allow you to learn the ropes of trading CFDs and to get to grips with the trading platform in an entirely secure environment.

Number of daily ETH transactions hit new all-time high

It is interesting to note that the previous high was recorded at the peak of the initial coin offering frenzy. Since then, the number of daily transactions …

The 1.4 million transactions witnessed on the Ethereum network on Thursday 17 set a new high exceeding the previous record achieved back in 2018

Ethereum’s previous all-time high was set in early January 2018. Between January 3 and January 11 that year, average daily transactions ranged between 1.238 million and 1.256 million. The all-time high at the time was on January 4, where 1.34 million transactions were recorded.

[Source: Etherscan]

Etherscan data shows a rapid increase in the number of transactions on the world’s second-largest blockchain network before yesterday’s peak.

It is interesting to note that the previous high was recorded at the peak of the initial coin offering frenzy. Since then, the number of daily transactions has exhibited a downward trend with a few occasions of rises.

Between the period of the new high and the previous high, the lowest number of daily transactions on the network was seen on February 10, where only 381,151 transactions were recorded.

It all but seems Decentralised Finance is the new ICO now. Since DeFi becoming a big thing for the network, over $9 billion of the aggregate value has been locked up in several DeFi applications.

The number of daily transactions in early August showed signs of trumping the all-time high from the ICO-era but that didn’t end up happening. It was the launch of the native UNI token by Uniswap that boosted activity on the network and pushed the number of transactions to a new high.

Based on the Etherscan data, September 17 was the busiest day on the Ethereum network. Not only was a new high in daily transactions set, but also the gas fees rose sharply, recording another lifetime high. It is also worth noting that Ethereum beat Bitcoin in terms of USD value of daily transactions for the first time just recently.

Although new daily transaction highs were achieved in the DeFi era, DeFi applications attract less capital compared to initial coin offerings. This is why Ethereum is currently trading 73% below its all-time high of $1,438.

Ethereum 2.0 Moves Closer But Hoskinson Raises Doubts Over its Security

Ethereum co-founder, Vitalik Buterin was heavily criticized for saying Phase 0 should launch even if it isn’t ready. With that, IOHK CEO Charles …

Phase 0 of Ethereum 2.0 took a step forward today following the submission of EIP 2982. Phase 0, also known as the “beacon chain,” refers to the transition from proof-of-work to proof-of-stake.

More specifically, in Phase 0, the goal is to lay the groundwork for staking and the operation of sharding chains.

“At first, the beacon chain will be responsible for registering validators and coordinating everyone’s staked ETH. This is foundational to the rest of Eth2 and lays the groundwork for the shard chains.”

Product Marketing Manager at Set Labs, Anthony Sassano, tweeted news of the GitHub submission, much to the delight of his followers.

ITSHAPPENING.GIF@dannyryan has submitted an EIP for eth2 phase 0 👀https://t.co/eqvEDiT3FTpic.twitter.com/NHM3DJ8i4D

— Anthony Sassano | sassal.eth 👨‍🌾 🏴 (@sassal0x) September 16, 2020

Following months of delays and uncertainty, this finally gave Ethereum holders something to cheer about. As yet, no date for the Phase 0 rollout has been given.

However, Ethereum developer Afri Schoedon previously stated that a November 2020 rollout is likely, barring the discovery of critical issues.

“The Ethereum 2.0 beacon chain will launch in November unless we find severe bugs in clients or protocol. I’m in-between Vitalk and Justin with my estimation here, I don’t think that we necessarily need to delay Ethereum 2.0 into 2021 unless we find critical issues. We are well on track for a late 2020 launch.”

Taking into account the submission of EIP 2982, Schoedon’s rollout date does look likely.

Ethereum is up 4% on the day having broken key resistance at the $370 level.

Ethereum daily chart

Ethereum daily chart

Ethereum daily chart with volume. (Source: tradingview.com)

Hoskinson Raises Doubts Over Ethereum’s Security

Throughout this period, many have questioned whether the Ethereum team can deliver the goods under time pressure.

Ethereum co-founder, Vitalik Buterin was heavily criticized for saying Phase 0 should launch even if it isn’t ready.

With that, IOHK CEO Charles Hoskinson tweeted his concerns over the rush to finish. In particular, Hoskinson drew attention to the Gasper finality protocol used in Ethereum 2.0.

Referencing a Stanford University research paper titled “Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma,” Hoskinson requested Buterin’s response to the findings.

Great paper and difficult security questions for Ethereum 2 to address. Very excited to see Vitalik’s reponse: https://t.co/TgLeuqrHQr

— Charles Hoskinson (@IOHK_Charles) September 16, 2020

Finality refers to the point at which transactions are final. In other words, once a transaction reaches finality no-one can change, reverse, or cancel it.

All cryptocurrency ledgers go through a process of the finalized ledger lagging the full ledger until network partitions catch up. The latency level of a chain will affect the chain’s finality rate and vice versa.

However, researchers simulated an attack on the Gasper protocol and discovered it was insecure under standard conditions.

“However, we discovered an attack in the standard synchronous network model, highlighting a general difficulty with existing finality-gadget-based designs.”

Hoskinson clarified the findings by saying, under Gasper, it’s possible for attackers to delay the syncing process between the finalized ledger and the full ledger. Meaning, an attacker could potentially change, reverse, or cancel a transaction during that extended latency period.

In particular, we discovered a liveness attack on Gasper in the standard synchronous model where messages can be delayed arbitrarily by the adversary up to a known network delay bound….

Buterin has yet to respond to the claims.

You can now send email right from your Ethereum address

Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent …

Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails.

Unstoppable Domains co-founder Bradley Kam told Cointelegraph that the email service is not decentralized and is provided through ETHMail Webmail. For now, the service is available for free, and one does not even need to own a .crypto domain to send an email. However, the added benefit for Unstoppable Domain users is that since the email is signed with a private key, it guarantees that the email comes from the specified domain owner:

“You can sign a message with the private key that controls the domain name in order to log into your account. So basically, you know that the person who is sending you the email is the domain.”

Kam said this feature is just another step towards the greater decentralization of the web. Previously the company released a decentralized chat named dChat:

“We were excited about it. And I think just in general, I think messaging is a really big piece of the decentralized web. And so, you saw a decentralized peer-to-peer chat protocol that we built a couple of months back. I think that this is just another tool in that sphere.”

There are over 100 million Ethereum addresses and more addresses are being added every day. However, if spam (from Ethereum-based emails) ever becomes a problem, there is a remedy that stems from another crypto pioneer, Adam Back. His Hashcash was designed precisely for this purpose — preventing spam. An email-sender had to provide a proof-of-work for the outgoing emails. The same concept was later adopted by Bitcoin, Ethereum, and other blockchain-based currencies.

Out of Ether – Story of $55 Million Cryptocurrency Heist

Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All. “Out of the Ether” tells the astonishing tale of the …

In the new book, Out of the Ether, celebrated journalist and author Matthew Leising tells the story of how $55 million on cryptocurrency vanished in one of the most unbelievable thefts in history

Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All

“Out of the Ether” tells the astonishing tale of the disappearance of $55 million worth of the cryptocurrency Ether in June 2016 and chronicles the creation of the Ethereum blockchain from the mind of inventor Vitalik Buterin to the ragtag group of people he assembled around him to build the second-largest crypto universe after Bitcoin. Currently available for pre-order, “Out of the Ether” will be available everywhere books and eBooks are sold on September 29th.



Hoboken, NJ (September 16, 2020) – As one of the leading blockchain reporters in the world, Matthew Leising has covered the emerging technology for Bloomberg News for the last 5 years. His 2017 story “The Ether Thief” for Bloomberg Markets Magazine inspired his new book Out of the Ether, set to be published on September 29th, which chronicles the 2016 disappearance of $55 million worth of Ethereum.

Out of the Ether starts at the very beginning, outlining the creation of the cryptocurrency and painting a vivid portrait of the inventor, Vitalik Buterin, and the many cofounders he gathered around him to create the second largest crypto universe after Bitcoin. Leising sets the stage to share the full story behind the astonishing heist that threatened to take Ethereum down and describes his efforts to discover who was responsible and to unmask the thief. Through blockchain forensics, encrypted messages and insider sources, Leising tracks down, unveils, and interviews a person associated with the attack.

Called “the definitive book on the early history of Ethereum” by Tim Draper, Out of the Ether shares an inside look at one of the largest and most-influential cryptocurrencies, describing a modern-day heist that threatened to destroy a billion-dollar network. Out of the Ether is currently available for pre-order and will be available everywhere books and eBooks are sold on September 29th.

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