[ANN][ICO][CDRT] CREDEROOM - a digital era fintech company - ICO Campaign

[Elven_King]

The shared records of the Ethereum network — of every transaction and computation it has ever performed — are known as a blockchain, just as the shared records of all Bitcoin transactions are known as a blockchain. But Ethereum’s blockchain database is totally independent of Bitcoin’s blockchain.

[Elven_King]

Let’s say two companies want to conduct a complicated financial transaction, like settling a stock option. Neither company trusts the other company to conduct the transaction on its computers. Both companies could hire a third party, like a stock exchange, to conduct the transaction, which is what they generally do today.

[Dmitrij91]

People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.

What does Ethereum have to do with Bitcoin?

Mr. Buterin was a Bitcoin aficionado, and he was inspired by its success. But he set out to build something that could do more than Bitcoin: He wanted to build a system that would make it possible to program more complex financial transactions.

[Dmitrij91]

But that forces them to trust that third company and to pay that company fees. With Ethereum, they can conduct the transaction on a shared computer that allows them both to check the records, ideally saving on fees.

[Dmitrij91]

As this example suggests, Ethereum has proved attractive to financial companies that have to complete lots of complicated financial transactions with competitors they don’t trust.

[Dmitrij91]

Many banks are looking at how Ethereum could be used as a central operating system for various trading markets, replacing today’s exchanges and middlemen.

[moskovskiy89]

Great idea and I like it.
Really want to participate, what should I start with

[Dmitrij91]

Other companies, like Samsung and Toyota, have experimented with Ethereum as a way to keep track of products moving through supply chains that involve many players.

[Dmitrij91]

Does that mean the world’s biggest companies will corner the market on Ether?

[Elven_King]

Does that mean the world’s biggest companies will corner the market on Ether?

The versions of the Ethereum software that companies are building will most likely be used to set up private networks that would be totally separate from the public Ethereum network and that would not use the Ether currency.

[Elven_King]

Just as with Bitcoin, Ethereum are “mined,” or created by computers joined into the Ethereum network. These computers are in a race to complete the transactions and computing work on the network. The faster your computers, the more likely you are to win the race and receive a bundle of new Ether. There is generally a new winner every 15 seconds or so.

[Elven_King]

It has not yet been decided how many Ether will ultimately be distributed, but the number is likely to be around 100 million. So far, 94 million have been distributed.

[Elven_King]

As with Bitcoin, Ethereum mining serves a dual process of getting new Ether into the world while providing an incentive for people to join the network and help maintain the Ethereum blockchain.

[Elven_King]

BITCOIN and other cryptocurrencies like Ripple and ethereum are taking over and ethereum’s co-founder has revealed what a future dominated by cryptocurrency could look like.

[Elven_King]

As we move money into natively digital form like bitcoin, cyrptofuel like ether, inter-natively digital form identity like our Uport identity system and reputation and certificates

[Elven_King]

So every transaction involving those things will have clearing and settlements that can be pressed into the transaction virtually eliminating all friction.

[Elven_King]

Ethereum is a platform for trusted transactions and automated agreements, which is powered by its own cryptocurrency.

[Dmitrij91]

So every transaction involving those things will have clearing and settlements that can be pressed into the transaction virtually eliminating all friction.

Unlike bitcoin, ethereum allows developers to build applications on its network. The majority of initial coin offerings and other trading games are based on ethereum.

[Dmitrij91]

Ethereum is a platform for trusted transactions and automated agreements, which is powered by its own cryptocurrency.

Ethereum's particular blockchain technology means that the currency is more naturally resilient to cyberattacks.

[Dmitrij91]

BITCOIN and other cryptocurrencies like Ripple and ethereum are taking over and ethereum’s co-founder has revealed what a future dominated by cryptocurrency could look like.