If breeding and adoring cuties have resulted in congestion of
the whole Ethereum network, it is hard even to
Not exact matches
Van Valkenburgh wrote that the advocacy center believes that Ether («as it exists today») doesn't qualify as a security, and noted that «Gensler himself suggested why this could be the case when he distinguished between the
Ethereum Foundation in 2014 and the Foundation and the
Ethereum network, as a
whole, today.»
There is the permission list — bitcoin,
Ethereum, public blockchains — and then there is a
whole other ecosystem where established financial institutions, kind of the traditional market if you want to think about it that way, is trying to apply this technology but in a different way using private
networks where you don't need the same trust because these banks will know each other.
Then came another blockchain called
Ethereum, which is a more flexible twist that aims to create a
whole decentralized
network on top of which people can build their own decentralized apps and tokens.
For example if someone wants to make an ICO without the
ethereum network they would have to program a
whole blockchain to host the token for their project.
«Where
Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized
networks with memory for a
whole bunch of applications,» he said.
It's important for
networks like Bitcoin and
Ethereum to remain decentralized, he said, because that's the
whole reason they exist.
Where
Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized
networks with memory for a
whole bunch of applications.
Based on the
Ethereum blockchain and accessible from a smart phone / tablet, the Everex
network allows everyone to request a microcredit and send a payment (in FIAT money: euro, dollars, etc.) to the world
whole.
It's caused headaches for the
ethereum ecosystem as a
whole, as CryptoKitties enthusiasts have flooded the
ethereum network with kitten - related transactions.