AMD RADEON RX 480 - Ethereum Mining – GRAPHICS CARDS COMPARISON TESTS
15AMD RADEON RX 480 - Ethereum Mining – Comparison tests
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#bitcoin #altcoin #Ethereum
Ethereum is a public blockchain platform with programmable transaction functionality.It provides a decentralized virtual machine that can execute peer-to-peer contracts using a cryptocurrency called ether.Ethereum was initially proposed by Vitalik Buterin in late 2013 and in 2014 he described it as "A Next-Generation Cryptocurrency and Decentralized Application Platform".Development was funded by a crowd sale in August 2014. Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin, in late 2013 with a goal of building decentralized applications.Buterin reportedly believed that many applications could benefit from bitcoin software (Bitcoin protocol), and joined forces with several other hackers to create Ethereum.[8] In March 2014, Ethereum was described as being part of a group of projects with the potential to extend blockchain use beyond bitcoin's peer-to-peer money system.While there was early praise for the technical innovations of Ethereum, questions were also raised about its security and scalability.Buterin won the World Technology Award in 2014 for the co-creation and invention of Ethereum.Initial funding for the Ethereum project was provided by a public crowdsale that occurred in July and August 2014.Ethereum's live blockchain was launched on 30 July 2015.The Ethereum software project was initially developed by a Swiss company, Ethereum Switzerland GmbH (EthSuisse)[and a Swiss non-profit foundation, the Ethereum Foundation.By May 2016, the market capitalization of the cryptocurrency ether was more than US$1 billion and Vox noted that the relatively new digital currency was challenging bitcoin by offering a range of services that are not possible using bitcoin.On June 17, 2016 The DAO, which had been hailed as a revolutionary use of Ethereum that demonstrated the potential for the platform, was hacked and around a third of the ether held by The DAO, worth about $50 million at the time, was moved.The thief transferred the ether into a clone of The DAO that probably prevented the hacker from withdrawing the ether for about a month.[16] After the hack the Ethereum community debated how and whether to reclaim the ether crypto currency that was taken, and whether to shut down The DAO.The decentralised nature of the DAO and of Ethereum and digital currencies more generally means 'there is no central authority that can simply flip a switch and make changes. Decisions have to be reached by community consensus.
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