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Posted by MilesCity.com Webmaster (+9581) 3 years ago
I seriously believe this is going to be one of the next big things...


ethereum.org wrote:
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

https://www.ethereum.org/

https://www.youtube.com/u...ect/videos
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admin
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Posted by MilesCity.com Webmaster (+9581) 3 years ago
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Posted by MilesCity.com Webmaster (+9581) 3 years ago
Two recent stories:

Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s (The New York Times, 3/27/16)

A new virtual gold rush is underway.

Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months.

Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0.

The rise of the relatively new virtual currency has been helped by a battle within the Bitcoin community over how the basic Bitcoin software should develop.

The fights have slowed down Bitcoin transactions and led some people to look for alternative virtual currencies to power their businesses. Enter Ethereum.

Like Bitcoin, the Ethereum system is built on a blockchain in which every transaction is recorded publicly. The promise of such a system is that it allows the exchange of money and assets more quickly and more cheaply than relying on a long chain of middlemen.

But Ethereum has also won fans with its promise to do much more than Bitcoin. In addition to the virtual currency, the software provides a way to create online markets and programmable transactions known as smart contracts.

The system is complicated enough that even people who know it well have trouble describing it in plain English. But one application in development would let farmers put their produce up for sale directly to consumers and take payment directly from consumers. There are already dozens of functioning applications built on Ethereum, enabling new ways to manage and pay for electricity, sports bets and even Ponzi schemes.

All of this work is still very early. The first full public version of the Ethereum software was recently released, and the system could face some of the same technical and legal problems that have tarnished Bitcoin.

...


Read More: http://www.nytimes.com/20...coins.html



Microsoft Adds Ethereum to Windows Platform For Over 3 Million Developers (CoinDesk, 3/30/16)

Millions of Microsoft developers are now able to build decentralized applications using the Ethereum blockchain thanks to a collaboration between the software giant and ConsenSys, announced today.

By building Ethereum’s Solidity programming language for writing smart contracts directly into Mircosoft’s Visual Studio platform, developers will be able to build, test and deploy decentralized applications, or dapps, within an integrated environment they already know how to use.

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Read More: http://www.coindesk.com/m...evelopers/
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