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    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain
    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain
    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain
    Ebook102 pages1 hour

    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain

    By Adidas Wilson

    2.5/5

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    About this ebook

    According to some, the idea of Ethereum was born in 2009, when Bitcoin became the first practical solution of decentralization. Undoubtedly, the success of Blockchain greatly influenced Vitalik Buterin, the man behind Ethereum. However, 2012 would be a more particular date. That is when Vitalik left the University of Waterloo to travel the world while participating in various cryptocurrency innovations. While on this trip, Buterin conceived the Ethereum idea; a crypto economically secured platform for creating any kind of decentralized application.

    After that, Vitalik started drafting the Ethereum Whitepaper. The document justified the idea of a new crypto technology, stated its main principles, and possible applications. The whitepaper was published in 2013, and a month later, Buterin announced the beginning of Ethereum project during the Bitcointalk forum. In his post, Vitalik said that he was working with Jeffrey Wilcke and Dr. Gavin Wood as principle core developers. Wood took the main part in Ethereum creation after Vitalik. His Yellow Paper (the formal specification of Ethereum Virtual Machine) was published in April 2014. Coding its very first practical implementation in seven programming languages, this was the development of the first prototype of Ethereum platform. Just like Ethereum, Bitcoin is based on Blockchain technology, but this means nothing if it is not backed by the most powerful network in history.  Investors channeled millions of dollars into Bitcoin, using the money on trading, mining equipment, and technologies. Launching a network like that demands the same amount (or more) of effort. To kick-start a group of investors, miners, and developers, the Ethereum foundation chose to carry out a pre-sale of more than 60M digital tokens (Ethers). The campaign ended up being a major success.

    Table of Contents

          Introduction

    1. What Is Ethereum?
    2. Automation and Ledgers
    3. Understanding Cryptocurrency
    4. Ethereum Wallets
    5. Mining Ethereum
    6. Blockchain
    7. Ethereum Smart Contracts
    8. Ethereum Scaling
    9. Understanding Blockchain Technology
    10.  Public and Permissioned Blockchains
    11.  Blockchain and the Future of Artificial Intelligence
    12.  Distributed Ledger
    13.  Blockchain and Online Fraud
    14.  The Key to the Future
    15.  Concerns and Limitations of Blockchain
    16.  How to Execute Bitcoin Transactions
    17.  How to Buy Bitcoin in the UK
    18.  Understanding Public and Permissioned Blockchains
    19.  Ethereum Mining Rig
    20.  Paper Bitcoin Wallet
    21.  Buying Ethereum
    22.  Mining Altcoins
    23.  Buying Bitcoin Anonymously
    24.  Leading Cryptocurrency Options
    25.  “Crypto Kitties” and Ethereum Blockchain 
    26.  Ethereum Wallets

    Bonus*

    27.  Understanding Ripple and its Benefits

    28.  Steps to Buying Ripple

    29, The Best XRP Wallets

    30. Einsteinium

    31.  Beginner’s Guide to Buying NEM (XEM)

    LanguageEnglish
    PublisherAdidas Wilson
    Release dateDec 30, 2017
    ISBN9781386336297
    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain

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      Unspectacular - sums it up - poorly written like ghost writing and not current. Worth reading but not an in-depth disertation.

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    Mastering Ethereum And Blockchain - A Beginner's Guide To Start Making Money With Ethereum And Blockchain - Adidas Wilson

    Chapter 1

    What Is Ethereum?

    In essence, Ethereum is a platform in the cryptocurrency market, which was launched in 2015 and helps create applications that are operated on blockchain. Although Ethereum popularity rose and declined within a year after its launch, it still holds the second position in the market after Bitcoin. Ethereum comes with several factors that make it significant despite the changes, and here are some of the reasons why it is doing so well in the crypto market. One of the things that make Ethereum stand toe to toe with the competition is that it is decentralized, just like Bitcoin, but the currency has the potential to be even more successful. The fact that it is decentralized makes it waterproof, since every participant doubles as both a server and a client, giving it resilience and security. This keeps hackers at bay, as well as ensuring no downtime in case technical difficulties. 

    Besides, another aspect of blockchain that makes Ethereum strong is the integrity of data. In this case, anyone can access records of any transactions ever made on the network, and locate the sender and receiver. Not forgetting, the records cannot be altered, making them safe all the time. This strategy makes it impossible for someone to use coins that they don’t have, which makes it ideal for payment protocol. However, some developers have noticed this efficiency is not only about an instance of one simple use since keeping a registry comes with added security and efficiency of blockchain. This comes down to domain names, business contracts, and records of ownership among other essentials.

    Although developers have already tried producing new apps using the blockchain theory, both have proved inefficient. At first, the idea was to create an app on top of Bitcoin, but the script is incapable of solving problems that other programming languages would otherwise solve with ease. This means developers have to improvise to get the desired results. Another idea was to develop, launch, and promote an alternative chain, which means missing the opportunity to use the significant power that Bitcoin network has up its sleeve. Hence, the option of running blockchain remains the only resort, but this is costly and cannot work for every app. Despite all the downfalls, Ethereum has apparently come up with an answer through the integration of proper and multi-purpose programming language to its blockchain. This way, anyone can figure out any application, and all they have to do is code it, and the ETH network will execute the remaining process. The system will verify the output as well as distribute value between the participants, all by

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