#EthereumSecurityInitiative Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH[a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.[2][3] It is open-source software.Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.[5] In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact.[7] Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.[8][9] Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings. On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by 99%.[10]
History
Founding (2013–2014)
Ethereum co-founder Vitalik Buterin in 2015
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin,[4][11] a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications.[12][13] Buterin argued to the Bitcoin Core developers that blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development[14]: 88 that could lead to attaching[clarification needed] real-world assets, such as stocks and proper
#MastercardStablecoinCards Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH[a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.[2][3] It is open-source software.
Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.[5] In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact.[7] Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.[8][9] Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.
On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by 99%.[10]
History
Founding (2013–2014)
Ethereum co-founder Vitalik Buterin in 2015
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin,[4][11] a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications.[12][13] Buterin argued to the Bitcoin Core developers that blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development[14]: 88 that could lead to attaching[clarification needed] real-world assets, such as stocks and prope
$USDC Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH[a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.[2][3] It is open-source software.
Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.[5] In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact.[7] Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.[8][9] Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.
On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by 99%.[10]
History Founding (2013–2014)
Ethereum co-founder Vitalik Buterin in 2015 Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin,[4][11] a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications.[12][13] Buterin argued to the Bitcoin Core developers that blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development[14]: 88 that could lead to attaching[clarification needed] real-world assets, such as stocks and property, to the blockchain
$ETH Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH[a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.[2][3] It is open-source software.
Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.[5] In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact.[7] Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.[8][9] Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.
On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by 99%.[10]
History
Founding (2013–2014)
Ethereum co-founder Vitalik Buterin in 2015
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin,[4][11] a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications.[12][13] Buterin argued to the Bitcoin Core developers that blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development[14]: 88 that could lead to attaching[clarification needed] real-world assets, such as stocks and property, to the blockchain
$BTC Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL.
Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, Solana wallets were subjected to a hack, and a class action lawsuit was filed alleging that Solana sells unregistered securities, and misled investors about the number of tokens. The SEC has also filed a lawsuit against a cryptocurrency exchange alleging that Solana should be regulated as a security.
Solana's total current trading value was US$55 billion in January 2022. However, by the end of 2022, this had fallen to around $3 billion following the bankruptcy of FTX. Following the general rise of the cryptocurrency market in 2023, its current trading value rose to $7 billion.[needs update]
Characteristics
According to the company's white paper, Solana runs on a proof of stake model.[2] The New York Times and Financial Times described the coin as an alternative to Ethereum.[3][4]
History
Solana was first opened to the public in March 2020,[2] with its first block being created on 16 March 2020.[5][independent source needed] The Solana blockchain was designed to support smart contracts and decentralized apps in particular.[2][6] Large numbers of simultaneous transactions have contributed to several outages of the Solana blockchain.[6]
In June 2021, Solana Labs sold $314 million worth of its native cryptocurrency, SOL, to a group of funds led by Andreessen Horowitz and Polychain Capital.[7]
Trading, in the context of financial markets, is the buying and selling of financial assets to profit from price fluctuations. It involves exchanging goods, services, or financial instruments like stocks, bonds, and commodities. The goal of trading is to make a profit by accurately predicting and capitalizing on market trends.
Here's a more detailed breakdown:
Financial Assets:
These are assets with a financial value, like stocks (shares of companies), bonds (loans to companies or governments), commodities (raw materials like gold or oil), and currencies.
Price Fluctuations:
Markets don't always move in a predictable way. Prices of assets can go up or down due to various factors, and traders try to capitalize on these shifts.
Profit Motive:
The main reason for trading is to generate profit by buying assets at a lower price and selling them at a higher price.
Trading Strategies:
Traders use a variety of strategies, techniques, and tools to make decisions about when and what to buy or sell.
Different Types of Trading:
There are various trading styles, including day trading (holding positions for a short time), swing trading (holding positions for a few days or weeks), and position trading (holding positions for months or even years).
$BTC unregistered securities tokens in the form of Solana from 24 March 2020, onward and that Solana deliberately misled investors concerning the total circulating supply of SOL tokens. According to the lawsuit, Anatoly Yakovenko, the founder of Solana Labs, lent a market maker more than 11.3 million tokens in April 2020 and failed to disclose this information to the public. The lawsuit claimed that Solana stated it would reduce the supply by this amount, but it only burned 3.3 million tokens.[8]
On 3 August 2022, 9,231 Solana wallets were hacked[9] and four Solana wallet addresses stole approximately $8 million from victims.[10] The Solana Foundation said that the hack was caused by digital wallet software from Slope Finance.[10]
In April 2023, Solana Mobile, a subsidiary of Solana Labs,[11] began selling the Solana Saga, an Android smartphone with several Solana-based decentralized apps preinstalled.[12]
In June 2023, the SEC sued Coinbase, alleging that Solana and twelve other currencies offered by the platform failed the Howey Test and qualified as securities. The suit accuses Coinbase of illegally evading requirements for disclosure by offering these tokens. The SEC had previously issued a Wells notice to Coinbase in March.[13][14] Solana Foundation has denied that the token is a security.[15]
#BinancePizza unregistered securities tokens in the form of Solana from 24 March 2020, onward and that Solana deliberately misled investors concerning the total circulating supply of SOL tokens. According to the lawsuit, Anatoly Yakovenko, the founder of Solana Labs, lent a market maker more than 11.3 million tokens in April 2020 and failed to disclose this information to the public. The lawsuit claimed that Solana stated it would reduce the supply by this amount, but it only burned 3.3 million tokens.[8]
On 3 August 2022, 9,231 Solana wallets were hacked[9] and four Solana wallet addresses stole approximately $8 million from victims.[10] The Solana Foundation said that the hack was caused by digital wallet software from Slope Finance.[10]
In April 2023, Solana Mobile, a subsidiary of Solana Labs,[11] began selling the Solana Saga, an Android smartphone with several Solana-based decentralized apps preinstalled.[12]
In June 2023, the SEC sued Coinbase, alleging that Solana and twelve other currencies offered by the platform failed the Howey Test and qualified as securities. The suit accuses Coinbase of illegally evading requirements for disclosure by offering these tokens. The SEC had previously issued a Wells notice to Coinbase in March.[13][14] Solana Foundation has denied that the token is a security.[15]
#CryptoRegulation Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL.
Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, Solana wallets were subjected to a hack, and a class action lawsuit was filed alleging that Solana sells unregistered securities, and misled investors about the number of tokens. The SEC has also filed a lawsuit against a cryptocurrency exchange alleging that Solana should be regulated as a security.
Solana's total current trading value was US$55 billion in January 2022. However, by the end of 2022, this had fallen to around $3 billion following the bankruptcy of FTX. Following the general rise of the cryptocurrency market in 2023, its current trading value rose to $7 billion.[needs update]
Characteristics
According to the company's white paper, Solana runs on a proof of stake model.[2] The New York Times and Financial Times described the coin as an alternative to Ethereum.[3][4]
History
Solana was first opened to the public in March 2020,[2] with its first block being created on 16 March 2020.[5][independent source needed] The Solana blockchain was designed to support smart contracts and decentralized apps in particular.[2][6] Large numbers of simultaneous transactions have contributed to several outages of the Solana blockchain.[6]
$BTC Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto.[5] Use of bitcoin as a currency began in 2009,[6] with the release of its open-source implementation.[7]: ch. 1 In 2021, El Salvador adopted it as legal tender.[4] It is mostly seen as an investment and has been described by some scholars as an economic bubble.[8] As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.[9]
Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, making it practically impossible for one person to spend another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.[7]: ch. 5
Consensus between nodes about the content of the blockchain is achieved using a computationally intensive process based on proof of work, called mining, which is typically performed by purpose-built computers called miners. These miners don't directly act as nodes, but do communicate with nodes. The mining process is primarily intended to prevent double-spending and get all nodes to agree on the content of the blockchain, but it also has desirable side-effects such as making it infeasible for adversaries to stifle valid transactions or alter the historical record of transactions, since doing so generally requires the adversary to have access to more mining power than the rest of the network combined.[7]: ch. 12 It is also used to regulate the rate at which new bitcoin is issued and enters circulation. Mining consumes large quantities of electricity and has been criticized for its environmental