Last year, I published “The Beginner’s Guide to Investing in Bitcoin (including $10 free Bitcoin as you get started)”. Unlike so-called “get-rich quick” schemes, the “Beginner’s Guide” didn’t require handing over hard-earned money to a likely scammer. After all, how can a novice investor learn and improve, unless they remain in full control of their investment at all times?
What is Ethereum?
Ethereum is a blockchain-based platform. Ethereum was founded in the year 2015. Ether is a digital currency and derived from the ethereum platform. Ether is a peer to peer software platform used in the ethereum platform. We can avoid the fraud, control, and interference of third parties by using these smart contracts and decentralized applications.
Hackers that stole $51 million in Ethereum from Upbit are starting to move funds from their primary wallet. The coins are now being distributed to different wallets and in smaller sums of between 10 ETH and 100,000 ETH. The cybercriminals are also sending small amounts of crypto to some exchanges such as Huobi and Binance to test whether the funds will be accepted.
Blockchain backed by Facebook and other big companies wants to be more reliable and mainstream than established cryptocurrencies. From technical points to governance, here is what Libra cryptocurrency proposes:
Libra cryptocurrency marks a milestone in the history of cryptocurrency: never before has such a currency been designed and supported, not by one, but by 28 companies, many of which are world-renowned. In a world fraught with frauds, bugs, and cyber fraud, some could see Libra as the first final “frequentable” cryptocurrency. It is true that it is built around stability as a mantra, even if it means sacrificing this decentralization that made the eyes of blockchain activists shine.
- Jeff Schumacher predicted Bitcoin going to zero and said that Bitcoin as a currency was not based on anything, but added that he liked the technology behind it adding “if it became the standard currency and because of the Proof-of-Work model that it sits on; if it got to be the gold standard… if Bitcoin was pegged against gold standard which is about seven trillion-ish dollars it would be responsible for 20% of the world’s co2 production. So just by that alone tells you it’s not it’s not gonna be the go-forward thing, at least for my view.” Glenn Hutchins said that he agreed partly with Jeff Schumacher and said that Bitcoin will not be the major coin in the industry.
- Apple Co-founder gives his insight about Bitcoin [BTC] and Ethereum [ETH] and the underlying technology. Blockchain is branching out into developing applications that are changing the way people think and apply it, from the ground up, which is what the internet did in the 90s.