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For an investor, many of the basic elements of transacting with bitcoin and LTC are very similar as well. Both of these cryptocurrencies can be bought via exchange or mined using a mining rig. Both require a digital or cold storage 'wallet' in order to be safely stored between transactions. Further, both cryptocurrencies have over time proven to be subject to dramatic volatility depending upon factors related to investor interest, government regulation and more.Increasing the network's transaction processing limit requires making changes to the technical workings of bitcoin, in a process known as a fork. Forks can be grouped into two types:As the implications of the invention of have become understood, a certain hype has sprung up around blockchain technology.In the years since Bitcoin launched, there have been numerous instances in which disagreements between factions of miners and developers prompted large-scale splits of the cryptocurrency community. In some of these cases, groups of Bitcoin users and miners have changed the protocol of the Bitcoin network itself. This process is known 'forking' and usually results in the creation of a new type of Bitcoin with a new name. This split can be a 'hard fork,' in which a new coin shares transaction history with Bitcoin up until a decisive split point, at which point a new token is created. Examples of cryptocurrencies that have been created as a result of hard forks include Bitcoin Cash (created in August 2017), Bitcoin Gold (created in October 2017) and Bitcoin SV (created in November 2017). A 'soft fork' is a change to protocol which is still compatible with the previous system rules. Bitcoin soft forks have increased the total size of blocks, as an example.How Bitcoin Worksbitcoin программа ethereum asic портал bitcoin panda bitcoin ферма bitcoin bitcoin balance bitcoin airbit 16 bitcoin bitcoin space прогноз ethereum bitcoin paypal казино ethereum отзывы ethereum ethereum coins bitcoin вебмани monero coin
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What is Ethereum?
Summary
Ethereum is an open-source, public, blockchain-based distributed ledger featuring smart contract (scripting) functionality. It enables developers to build blockchain applications with business logic that execute in a trustless environment, while leveraging the high availability of the Ethereum network.
Why does it matter?
Because it opens the door to a global financial system where an Internet connection is all you need to access applications, products and services that operate in a trustless manner. Anyone can interact with the Ethereum network and participate in this digital economy, without the need for third parties and without the risk of censorship.
What are Smart Contracts and Decentralized Applications?
While the word "contract" brings to mind legal agreements; in Ethereum "smart contracts" are just pieces of code that run on the blockchain and are guaranteed to produce the same result for everyone who runs them. These can be used to create a wide range of Decentralized Applications (DApps) which can include games, digital collectibles, online-voting systems, financial products and many others.
The term "Smart Contract" was coined by Nick Szabo in the 90's. Szabo used the basic example of a vending machine to describe how real-world contractual obligations can be programmed into software and hardware systems. Everyone who puts the correct amount of coins into the machine can expect to receive a product in exchange. Similarly, on Ethereum, contracts can hold value and unlock it only if specific conditions are met.
The scripting language used by Ethereum is Turing-complete, essentially meaning that the types of DApps users can design is limited only by their programming skills and creativity.
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