Sentences with phrase «old ethereum network»

Somewhat confusingly, the old Ethereum network has been rebranded as «Ethereum Classic»; the new network retained the original name, Ethereum.

Not exact matches

He noted that while older GPUs could be used to mine ether - the cryptocurrency of the ethereum network - doing so would mean a reduced chance of rewards given its existing competition.

Since, again, much of ethereum classic is the same as the old network, most users with a balance on one of them can use it on the other, but this could theoretically result in some funny mistakes, like unintentionally moving funds on one of the other networks.

Gareth Grobler, the founder of ICE3X is confident about the relevance of ether currency to traders, he says, «The two - year old system has picked up backing from both tech geeks and big corporate names like JPMorgan Chase and Microsoft, which are excited about Ethereum's goal of providing not only a digital currency but also a new type of global computing network, which generally requires Ether to use.»