10 Best BitCoin Alternatives - Profitable Cryptocurrencies ...

"Businesses and individuals should ensure that their software is #BCH compatible by running @Bitcoin_ABC . Alternate nodes are incompatible and risk chain wipeout or orphaned blocks."

submitted by xd1gital to btc [link] [comments]

"r/btc is called that because it started out as a "free speech" alternative for big blockers to the r/bitcoin subreddit because of the heavy moderation/censoring in the r/bitcoin subreddit. When the big blockers split off to the BCH chain, r/btc became the goto sub."

submitted by ojjordan78 to btc [link] [comments]

New to LBRY (found it through Reddit) People ask what is this LBRY all about. Is it an alternative to Youtube and Amazon? It is a lot more than that. I discover without realising about block chain, bitcoin, digital marketplace, content creators and users. It's a new world out there.

New to LBRY (found it through Reddit) People ask what is this LBRY all about. Is it an alternative to Youtube and Amazon? It is a lot more than that. I discover without realising about block chain, bitcoin, digital marketplace, content creators and users. It's a new world out there. submitted by Ok_Pineapple1594 to u/Ok_Pineapple1594 [link] [comments]

When the Money On Chain protocol was designed, special consideration was given to #Bitcoin Hodlers, and incentive alternatives were evaluated to increase contributed collateral to the protocol. This is how the $BPRO was born. Learn more about BPRO token 👇

https://moneyonchain.com/bpro-token-income-for-bitcoin-holders-free-leverage/
submitted by Maritu_ to MoneyOnChain [link] [comments]

BCH vs BTC price

Looking at current price for 1 BTC and 1 BCH, short term I think BCH will double before BTC from this level, especially with the drama of segwit1x and 2x coming. It looks like the market doesn't think so... but $300 to $600 is not the same as $5,000 to $10,000, and that's not even reaching new high for BCH. I am not talking about the fact that long term BCH appears to be a winner against the currently proposed bitcoin alternative chains, this is only a short term projection. Once the BCH infrastructure is more established, BCH may be above all time high. Patience and conviction are key but I think the upside is higher for BCH at the moment, with no need to be pumped. Time will tell...
submitted by JCryptoman to btc [link] [comments]

Bitstamp: "the price of BCH at Bitstamp reflects Bitcoin ABC. We won't support any alternative chains at first, but will monitor the situation as it unfolds and decide on a course of action at a later date."

Bitstamp: submitted by Egon_1 to btc [link] [comments]

Bitcoin Core monopoly on node implementation is why protocol bugs are deadly to BTC chain. BCH on the other hand is much more resilient due to alternative implementations.

Bitcoin Core monopoly on node implementation is why protocol bugs are deadly to BTC chain. BCH on the other hand is much more resilient due to alternative implementations. submitted by hunk_quark to btc [link] [comments]

Is there an alternative to another chain.so api block explorer for querying the bitcoin blockchain and btc testnet blockchains? Is there another similar free service? I'm using it in my app.

submitted by patoshii to Bitcoin [link] [comments]

For the newcomers: Bitcoin Cash is not about hating on LN, second layers or side chains, it's simply about building Bitcoin as an independent chain rather than a centrally planned alternative to the design paper

submitted by fruitsofknowledge to btc [link] [comments]

BitPatron Alpha is live! A decentralized Patreon alternative, with Bitcoin on-chain & lightning payments

BitPatron Alpha is live! A decentralized Patreon alternative, with Bitcoin on-chain & lightning payments submitted by Armig to Bitcoin [link] [comments]

Swedish article that talks about decentralized blockchains and mentions Bitcoin Cash as a alternative to slow transactions on legacy chain!

Swedish article that talks about decentralized blockchains and mentions Bitcoin Cash as a alternative to slow transactions on legacy chain! submitted by D15g0 to btc [link] [comments]

I think Bitcoin Cash will really shine if BOTH alternatives (Segwit1x AND Segwit2x fail to scale enough). S1X is a guarantee on this failure-to-scale. As for S2X, it will be a matter of time and depends on whether *additional* blocksize increases are scheduled in future hard forks on that chain.

Just keeping it real here.
The only thing Bitcoin Cash has going for it is the network effect of air-dropping the coins to all Bitcoin holders. I think a lot of Bitcoin Cash supporters do not want to admit this.
Aside from the air-drop to all Bitcoin holders, everything Bitcoin Cash does can be done better by several other cryptos.
So for Bitcoin Cash to hold any real value (significant market-share), it would depend on Bitcoin Cash becoming the MAIN chain. And that could be accomplished if Segwit1x and Segwit2x stagnate. But if Segwit2x becomes Segwit4x in the future, then I don't know if Bitcoin Cash will become dominant.
I would much rather see Bitcoin Cash become dominant however. It's more efficient for scaling. But the growth of Internet bandwidth may have scaled sufficiently that even the inefficiencies of Segwit2x scaling can be taken in stride. This would allow the Segwit2x chain to live longer than thought, if it increases its blocksize.
submitted by BitcoinIsTehFuture to btc [link] [comments]

Non-Contentious Alternative to A Fork: Symbiosis Instead Of Quarrel: One-Way-Peg Sidechain: Good For "Small-Blockers" As Well As "Pragmatics"! The Best From Both Philosophies: Conservatism For Bitcoin-Core, Unleashing Full On-Chain Utility Of Bitcoin Unlimited. All Groups Mutually Benefit.

Sorry for the long post - but I think it should really be read and understood by everybody concerned with the idea of launching a "Higher-Capacity Bitcoin", by everybody concerned with Bitcoin security and decentralization, and by everybody concerned with Bitcoin price!
Description Of The Concept:
Consequences Of This Solution - Characteristics:
  1. Every user who owns BTC-c can directly "convert" it 1:1 to BTC-u by a simple transfer to unspendable address "1transferAddressToBitcoinUsab1eGh5W".
  2. Optionally, the user could of course "convert it" via a classical exchange market, if the exchange market allows trade in BTC-c and BTC-u.
  3. Every User who owns BTC-u can only convert it (back) to BTC-c via a normal crypto-currency exchange market (because we have a ONE way peg without any modifications of the Bitcoin-core protocol, we cannot do it on protocol level!). While this is not a big difference microscopically from individual user perspective (if exchanges are well-integrated in apps and exchange fees are low), it does make a difference macro-economically, because BTCs can only drain in one direction, long-term, and never back.
Some Thoughts On Market Dynamics To Be Expected:
(I assume that the following "phases" will span over MANY years)
Thoughts On Exchange Rate Evolutions To Be Expected:
  • Phase 1:
    • A BTC-u unit is expected to be valued less than BTC-c, because you cannot really do anything meaningful with BTC-u yet, and after all, each owner of BTC-c can exchange it for a unit of BTC-u 1:1, so there is no reason why the free markets should give BTC-u a higher valuation than a BTC-c! If this were the case traders would immediately exchange BTC-c for BTC-u on protocol level and take the arbitrage gains. So market forces alone will keep the price of BTC-u below the price of BTC-c, except for very short periods of time (which will probably not occur at all in this "phase 1").
    • Only some tech geeks and early adopters will hence exchange some BTC-c for BTC-u, more for idealistic reasons or for "trying things out" than for trading and financial reasons.
  • Phase 2:
    • BTC-u's advantage in terms of practical utility vs. BTC-c becomes more and more apparent, such that BTC-u price gets closer and closer to BTC-c price on the markets.
    • As BTC-c hodlers keep on standing by their BTC-c, the number of BTC-u in circulation remains low! Users who want to make use of BTC-u's new utility (high TX capacity) have to aquire BTC-u either via protocol-level exchange (destroy BTC-c to get BTC-u), or via the exchanges - whatever is more convenient and attractive. Since BTC-u is still valued lower than BTC-c, they would make the better deal by going via the exchanges (as long as the [small] exchange market fee is less than the difference between BTC-c and BTC-u exchange rate, which can be expected to be the case for quite a while)! This would keep BTC-u supply low and hence it would keep BTC-u price high. And of course, since price(BTC-c) >= price(BTC-u) due to the one-way peg, BTC-c price benefits equally from this!
  • Phase 3:
    • If BTC-u fails for technical or other reasons, its price collapses and the whole experiment becomes history. The number of BTC-c spendable has been reduced due to this experiment, so each BTC-c unit becomes more rare and hence more valuable in price.
    • Otherwise, the demand for BTC-u from practical usage gets even higher, while the total number of BTC-u units in existence are pretty limited. This puts enormous upwards price pressure to BTC-u, and thereby also to BTC-c, to lift up BTC valuation, such that all BTC-u real-world usages can be fulfilled. BTC-c and BTC-u prices are very close, and at certain times of very high demand for BTC-u it even happens that BTC-u is valued higher than BTC-c on some exchanges. When this happens, arbitrage traders will kick in and buy the currently cheaper BTC-c, convert them to higher valued BTC-u by protocol means, and cell the more expensive BTC-u on the market. So such situations won't endure very long and will only serve market pressures in case of severe shortages of BTC-u coins.
DIFFerences and ADVantages Of This Strategy Vs. A "Normal Fork":
  • Both in common: No Dillution or Inflation:
    • In case of a normal fork, the total number of Bitcoins will double from 21 Million to 42 Million, because both forked chains will eventually have 21 Million, respectively. This inflation of Bitcoins is compensated by the fact that each pre-fork Bitcoin owner will also double his owned Bitcoin, so there should be no net penalty by principle.
    • In contrast, with "Bitcoin-Usable", the total(!) number of spendable Bitcoins will never be higher than 21 Million, counting BTC-c and BTC-u together.
    • Hence, even if it looks different in nominal coin units, the net effect is the same: No coins are inflated or diluted and every owner of bitcoins keeps his/her stake, nobody is at a disadvantage.
  • Symbiosis instead of Competition:
    • With "Bitcoin-Usable", bitcoin-core price will fully benefit from the success of the "Bitcoin-Unlimited" or "bigger blocksize" approach of "Bitcoin-Usable". This means that Bitcoin-core hodlers have full self-interest that "Bitcoin-Usable" becomes a success!
    • This is in stark contrast to the "fork" scenario, where the two forks will be competitors and may continue propagating their different philosophies on the different media channels. This not always friendly atmosphere and way of discussion may harm both sides! In the "Bitcoin-Usable" solution instead, both sides can still propagate their own views positively, without any need to talk negatively about the other side, because there is no competition but on the contrary mutual benefit!
    • Hence there would be no incentive from Bitcoin-Core supporters to DoS the "competing" bigger-block-chain - on the contrary they have an interest for that chain to succeed.
  • All fully validating "Bitcoin-Usable" nodes are also fully validating "Bitcoin-core" nodes (but not vice versa). Hence the number of bitcoin-core nodes can only increase compared to today in case "Bitcoin-Usable" becomes a big success, thereby also making the Bitcoin-core network more stable and powerful. So Bitcoin-Core benefits from "Bitcoin-Usable" not only w.r.t. price, but also w.r.t. security! (apart from that, price rise alone has a positive effect on security [via hash power] on its own already)
  • Since Bitcoin-Usable's block sizes and blockchain size are expected to become significantly greater than that of bitcoin-core on the long term, the additional burden that "Bitcoin-Usable" has by also having to observe the Bitcoin-Core blockchain is rather negligible, so in this respect there is no relevant difference between the two solutions.
  • As explained above, the mechanism of the one-way-peg in combination with the market mechanisms on price (low supply of BTC-u vs. high demand as a utility, and the constraint price(BTC-c) >= price(BTC-u)) creates a strong up-force of the Bitcoin price (for both bitcoins), originated by the additional applications of "Bitcoin-Usable". Again, BTC-c fully benefits from this.
  • No replay attack is possible even for identical TX formats in the protocol, because "Bitcoin-Usable" does not share Bitcoin-Core's blockchain history. Hence even better code re-use is possible - the only differences being block size limit and address format (first digit 2/4 vs. 1/3) and the lack of a block reward. And of course the observation of the "other" blockchain and the coin generation after coin destruction (one way peg implementation).
submitted by 1MichaS1 to btcfork [link] [comments]

Coinut will not support any alternative chains forked from the Bitcoin blockchain

Coinut will not support any alternative chains forked from the Bitcoin blockchain submitted by xinxi to Bitcoin [link] [comments]

Non-Contentious Alternative to A Fork: Symbiosis Instead Of Quarrel: One-Way-Peg Sidechain: Good For "Small-Blockers" As Well As "Pragmatics"! The Best From Both Philosophies: Conservatism For Bitcoin-Core, Unleashing Full On-Chain Utility Of Bitcoin Unlimited. All Groups Mutually Benefit.

submitted by AndreKoster to btc [link] [comments]

Bitstamp: "the price of BCH at Bitstamp reflects Bitcoin ABC. We won't support any alternative chains at first, but will monitor the situation as it unfolds and decide on a course of action at a later date."

Bitstamp: submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Core monopoly on node implementation is why protocol bugs are deadly to BTC chain. BCH on the other hand is much more resilient due to alternative implementations.

Bitcoin Core monopoly on node implementation is why protocol bugs are deadly to BTC chain. BCH on the other hand is much more resilient due to alternative implementations. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin has hard forked before. Are there currently any minority chains that are being mined or added to with alternate versions of the Bitcoin software?

What I'm imagining is an alternate chain that is unnoticed or forgotten by the community at large, but that maybe one guy is continuing to mine on his own.
Note that I am NOT talking about a conventional alt coin, where the Bitcoin software is modified and mining starts over from a new Genesis block. I'm talking about chains that have some past history in common with the Bitcoin blockchain.
submitted by BitcoinMD to Bitcoin [link] [comments]

Alternative Block Chains : be safe! /r/Bitcoin

Alternative Block Chains : be safe! /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

For the newcomers: Bitcoin Cash is not about hating on LN, second layers or side chains, it's simply about building Bitcoin as an independent chain rather than a centrally planned alternative to the design paper /r/btc

For the newcomers: Bitcoin Cash is not about hating on LN, second layers or side chains, it's simply about building Bitcoin as an independent chain rather than a centrally planned alternative to the design paper /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Swedish article that talks about decentralized blockchains and mentions Bitcoin Cash as a alternative to slow transactions on legacy chain!

Swedish article that talks about decentralized blockchains and mentions Bitcoin Cash as a alternative to slow transactions on legacy chain! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to CryptoCurrency [link] [comments]

CryptoGold Betrug oder echte Bitcoin Alternative❓ Alternative use cases of Bitcoin #29 - YouTube Bitcoin Alternatives bitcoin alternative - YouTube Alternativen zu Bitcoin: Ethereum, Dash, Monero, Decred

But bitcoin, which launched in January 2009, was the first real-world application of the technology and perhaps its most well-known. That’s why blockchain and bitcoin are often spoken of in the same breath. In a nutshell, the bitcoin protocol is built on the blockchain. In a research paper introducing the digital currency, bitcoin’s ... This page was last edited on 15 May 2012, at 21:55. Content is available under Creative Commons Attribution 3.0 unless otherwise noted.; Privacy policy; About Bitcoin ... Bitcoin is an open source project, and its code has been used as the basis for many other software projects. The most common form of software spawned from bitcoin’s source code are alternative decentralized currencies, or alt coins, which use the same basic building blocks to implement digital currencies.. There are a number of protocol layers implemented on top of bitcoin’s blockchain. Digital Chains. RSCoin is not a Bitcoin alternative. Rhian Lewis. Follow . Mar 14, 2016 · 5 min read. Last week, a research project from the Computer Science faculty of University College London ... Bitcoin’s reign as the world’s largest cryptocurrency may come to an end. Latest Stock Picks Investing Basics Premium Services. Return. S&P. Stock Advisor Flagship service. 527%. 106%. Rule ...

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CryptoGold Betrug oder echte Bitcoin Alternative❓

Alternativen zu Bitcoin: Ethereum, Dash, Monero, Decred GROSSE FREIHEIT TV. Loading... Unsubscribe from GROSSE FREIHEIT TV? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 46.5K ... EARN ON CRYPTO TODAY: http://top-deal.pro/cryptoenter?a=ndc Bitcoin may continue to rise as it surpasses gold as an alternative currency, writes Business Ins... Make 3 times as much mining with alternatives to bitcoin! Check out more at http://centfeed.com/accepting-bitcoins-will-increase-your-business/ Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bevor ich allerdings darauf eingehe ob CryptoGold Betrug ist oder es sich womöglich um eine ernsthafte Bitcoin Alternative handelt, möchte ich erst einmal erwähnen, dass ich weder Mitarbeiter ...

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