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Author Topic: Why is Ethereum so special?  (Read 7829 times)
Sebas.tian
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November 09, 2017, 11:58:17 AM
 #221

If bitcoin is the progenitor of cryptos, then ethereum is the progenitor of many tokens that makes up the majority of market activity. I'd also rather trust eth than waves since it is more established and more popular. It's kind of sad though that there has been many issues with it now like the parity attack.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 09, 2017, 01:59:41 PM
 #222

Ethereum is what we call first move advantage. That is, that it's the first coin of its kind - similarly to BTC, it's the first coin that you were able to transfer value from one person to another, so Ethereum is the first coin that you're able to program. The thing about first movers, is that they are well known and have huge adoption, the higher the adoption the better for the coin. Higher adoption --> more use --> higher price, that's usually how it goes. ETH has already a big ecosystem and had released a standard called ERC20, which all of the projects get accustomed to use and utilize. It is very difficult to change these habbits, people will need to learn a new programming language if they want to use an alternative to Ethereum, which no one wants to do. And the team behind Ethereum is very skilled and experienced, they are ahead of many competitors which makes it even more harder that ETH will be replace, but who know's. We've see so many things in cyrpto land that nothing amazes me anymore.
mustakforum
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November 09, 2017, 02:20:27 PM
 #223

Is Ethereum similar to Bitcoin? Well, sort of, but not really. If you want to know what Ethereal is, how it works, this guide is perfect for you.
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November 09, 2017, 02:24:17 PM
 #224

Etherum blockchain has mostly developed itself. because almost all other altcoins used ethereum themselves so ethereum is the founder this ecosystem.
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November 09, 2017, 02:40:40 PM
 #225

ethereum has many variations of altcoins and more and more celebrities are willing to advertise for altcoins so the ethereum is getting more special for coin business

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November 09, 2017, 03:26:20 PM
 #226

Because Ethereum takes the core blockchain technology that lies at the heart of Bitcoin, and evolves it. You know how floppy disks were replaced by CDs, which were replaced by DVDs, which were replaced by Blu-ray? Well, picture Bitcoin as a floppy disk. It's slow and has limits in regards to how many transactions can be processed at a time. Then Ethereum is a CD (maybe an improved future version of it will become the DVD and Blu-ray in this evolutionary analogy). It's much faster, and allows for higher transactional volume.
You got a nice analogy there. Ethereum is like a better and improved version based on your analogy but not really. Bitcoin maybe slow and has limits to how many transactions it can process but that is why there are hardforks. During a bitcoin hardfork, they are releasing a better and improved version of Bitcoin. Yeah it is now a different coin but it is still from the old Bitcoin. 
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November 09, 2017, 03:30:56 PM
 #227

Smart contracts would be a nice answer. As you see a lot of upcoming tokensare using Ethereum Platform.
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November 09, 2017, 03:33:57 PM
 #228

Ethereum is so special because it is necessary need for new ICOs because Ethereum platform provides the best opportunity for new businesses through smart contract, In smart contract  both parties will be safe from fraud because it is usually works for third party and make safe both parties and the Ethereum technology is the one of the best technology for blockchain and Ethereum has good demand in the market.
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November 09, 2017, 03:39:27 PM
 #229

Ethereum has seen a huge rise in its adoption as the platform new startups use in implementing their projects.
However, there are other platforms such as Waves that can do the same things Ethereum does ( even easily as Waves does not require any programming skills). Why can't new startups use the Ethereum alternatives? Is there any uniqueness in Ethereum that other platforms don't have? What makes Ethereum the in-thing?

Lots of new project is choosing ethereum platform because through years ethereum had already showcase its advantage versus other platforms.

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November 09, 2017, 03:44:55 PM
 #230

The organization of the development community around Ethereum has been great.  Consensys has been a powerhouse in the community and continues to invest into good development, across the whole stack, from development tools, to protocols to end user apps.  I haven't seen that replicated in any altcoin yet though I don't claim to be an expert in altcoins.  I know Tezos, for instance, promised $50m to startups using Tezos, but it's still a far cry from the Consensys team.
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November 09, 2017, 04:42:46 PM
 #231

Smart contracts would be a nice answer. As you see a lot of upcoming tokensare using Ethereum Platform.

yes, it looks like lately only erc20 tokens are being launched. what's up with that?

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November 09, 2017, 04:48:06 PM
 #232

Ethereum has seen a huge rise in its adoption as the platform new startups use in implementing their projects.
However, there are other platforms such as Waves that can do the same things Ethereum does ( even easily as Waves does not require any programming skills). Why can't new startups use the Ethereum alternatives? Is there any uniqueness in Ethereum that other platforms don't have? What makes Ethereum the in-thing?

Lots of new project is choosing ethereum platform because through years ethereum had already showcase its advantage versus other platforms.

I agree i see so many coins that are ETH based. I think ETH will have a good future just look how good its doing many coins are made eth based. This means that it will surely rise in the future.
Thats why I will do a investment soon on ETH. This coin will just be like a second bitcoin. Smiley
chidrawarster
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November 09, 2017, 06:20:38 PM
 #233

As on date , after bitcoin is something is trending is ETH as it is in the early ages and has got a long way to go. Its got good technology backed by good institutions and even we can see many more changes in the blockchain technology as upgrades will make the interface more user friendly. I will still buy some ETH coins and hold them long as in the long term it will fetch good profits.Trending coin in the future , will keep a close watch on the movements impacting ETH.

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Hassan02
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November 09, 2017, 06:43:40 PM
 #234

Because Ethereum takes the core blockchain technology that lies at the heart of Bitcoin, and evolves it. You know how floppy disks were replaced by CDs, which were replaced by DVDs, which were replaced by Blu-ray? Well, picture Bitcoin as a floppy disk. It's slow and has limits in regards to how many transactions can be processed at a time. Then Ethereum is a CD (maybe an improved future version of it will become the DVD and Blu-ray in this evolutionary analogy). It's much faster, and allows for higher transactional volume.
You got a nice analogy there. Ethereum is like a better and improved version based on your analogy but not really. Bitcoin maybe slow and has limits to how many transactions it can process but that is why there are hardforks. During a bitcoin hardfork, they are releasing a better and improved version of Bitcoin. Yeah it is now a different coin but it is still from the old Bitcoin. 
and still under bitcoin that are trusted just like bitcoin , ethereum are good because i love ethereum too just like bitcoin but nothing is more than just like in bitcoin i think that ethereum will still at the side being next good coin just like bitcoin maybe eth has no intention to surpass bitcoin.
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November 09, 2017, 08:08:08 PM
 #235

I really like ETH, ETH wallet is very easy to use, very simple, ETH platform supports smart contract which is used by almost all ico  project,After BTC, ETH is the second coin
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November 09, 2017, 08:45:13 PM
 #236

ETH is a digital cryptocurrency. The value of token of the ETH is called ether. The marketing value of ETH is increasing day by day because many people believe in investing on the ether and investing as well. I hope stay invested  on ETH wallet and the marketing of new wallet continues to grow in future.
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November 14, 2017, 06:24:26 PM
 #237

If you look closely you will notice that the rise in the value of Etherium has taken place starting from April of this year when it went parabolic. I believe that this was due to the ICO fever the we just witnessed and due to smart contracts eth was the obvious choice of most of the ICO's.
Ethereum is second best to Bitcoin because the smart contracts that Ethereum has can be used for all sorts of things.


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cryptodickhole
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November 14, 2017, 06:43:37 PM
 #238

What is a constant in every market since the beginning of human economics. "Follow the Money". What has enabled so many companies and individuals to make millions with nothing but promises and good branding...ethereum. Until a cryptocurrency comes around that outperforms ethereum on so many levels that it is adopted by the business community almost immediatly ill be bullish on eth.
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November 14, 2017, 09:44:43 PM
 #239

because ethereum has prepared its own infrastructure perfectly
and the best after the bitcoin
it works very fast because it has mining support
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November 14, 2017, 10:18:19 PM
 #240

Ethereum is mainly regarded widely for its development and project goals. Till now ethereum never missed their timeline and widely adopted among enterprises, Ethereum Enterprise Alliance plays vital role for its mindblowing market cap.
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