Ethereum – Startup Radar http://startupradar.asia media Thu, 30 Aug 2018 07:05:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 http://startupradar.asia/wp-content/uploads/2018/02/cropped-SR_logo_favicon-32x32.png Ethereum – Startup Radar http://startupradar.asia 32 32 Skycoin Looking to Break into the Korean Market http://startupradar.asia/skycoin-looking-to-break-into-the-korean-market/ http://startupradar.asia/skycoin-looking-to-break-into-the-korean-market/#respond Mon, 13 Aug 2018 05:51:30 +0000 http://startupradar.asia/?p=16530 The Skycoin Platform Skycoin is a high-performance blockchain project for a new decentralized networking protocol. Skycoin’s revolutionary ecosystem will overhaul the current internet with a faster, more secure replacement. Bitcoin was the first generation prototype for decentralized economics, created to give citizens across the globe unrestricted access to a financial transaction. In addition, Ethereum is…

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The Skycoin Platform

Skycoin is a high-performance blockchain project for a new decentralized networking protocol. Skycoin’s revolutionary ecosystem will overhaul the current internet with a faster, more secure replacement. Bitcoin was the first generation prototype for decentralized economics, created to give citizens across the globe unrestricted access to a financial transaction. In addition, Ethereum is blockchain 2.0, the platform designed for the ability to easily launch hundreds of blockchain projects.

Skycoin is blockchain 3.0, the next level of decentralized engineering with an incentivized ecosystem and infinite scalability. It combines and improves upon the benefits of Bitcoin and Ethereum while solving the problems of speed, centralization, and scalability that arose in their development and use.

Skycoin consists of an ecosystem of technologies that work together in unison to provide a complete package: 

  • Skycoin – The digital currency that produces Coin Hours for network bandwidth.
  • Skywire – Decentralized wireless mesh network for a secure, fast, Web 3.0
  • Obelisk – Consensus algorithm that distributes a “web of trust”
  • Fiber – Infinitely scalable parallel network of blockchains 

Ethereum: Second Generation Blockchain

Currently, Bitcoin and Ethereum have first mover’s advantage. Bitcoin is the first cryptocurrency which enables payments to be sent peer-to-peer without the involvement of a central authority. Ethereum expands Bitcoin’s use-case by offering a platform for deploying decentralized applications. Historically, platforms that have the first mover advantage may not come with the most practical use of available technology. We experienced this with some of the first websites, email services, and search engines.

Ethereum’s position grants it the status of the most used platform for creating decentralized applications. Bitcoin exists as the original blockchain, generation one, and Ethereum represents version 2.0. New technology typically requires multiple iterations to accomplish a useable scalable version that works effectively and efficiently. Ethereum is currently plagued with these issues of scalability.

Crypto kitties are the perfect example of how quickly a good idea on a platform that lacks scalability can hinder a network. Crypto kitties caused a record high of 30,000 transactions on the Ethereum blockchain to become stuck awaiting processing. In addition, security issues have also arisen in Ethereum. With an estimated 3,000 major security flaws said to exist in current smart contracts, the inability to amend contracts after they are deployed has led to large-scale attacks on the network where millions of dollars are lost, and the DAO hack is the perfect example of smart contract security gone wrong.

 

Skycoin: Third Generation Blockchain

How does Skycoin stack up against its predecessors? Skycoin comes in as the third generation project, solving the problems of scalability with Fiber. Therefore, Fiber is Skycoin’s infinitely scalable solution, rather than blockchain projects launching on one blockchain resulting in congestion of the network. Furthermore, Fiber implements parallel blockchains, allowing applications to have fully customizable implementations. The more projects that exist on Fiber, the stronger the system becomes.

Skycoin fixes the security issues present in Ethereum with CX, Skycoin’s general purpose programming language. In addition, CX allows users to program contractual agreements on the blockchain while enabling users to amend the digital contracts to address any bugs. The CX programming language is built on the premise of security for the average programmer. Skycoin solves many real-world problems and employs financial incentives for its users in Skywire.  Furthermore, it aims to update the internet with a faster, more secure version that pays its users for providing bandwidth.

Skycoin in S. Korea

Korea has set itself up as a country that consistently stays ahead of the technological curve. With a tremendous appetite for technological advancement, Koreans boast the position of being consistently first in the Bloomberg innovation index while also remaining a top contender for technical density. Therefore, Korea unsurprisingly has embraced blockchain technology, implementing classification standards & regulatory frameworks. Currently, some of the largest cryptocurrency exchanges are backed by the countries largest conglomerates.

The rollout of decentralized technology will be aided by Korea’s current technology status. In addition, Koreans are technically inclined, they want smooth running products that are easy and fun to use. Smartphones created a substantial advancement in the way we communicate, texting (often with a small charge) evolved toward applications that provided free text services. Furthermore, applications like Kakao talk that provided a better user experience eventually overtook the first movers and became the most used platforms in the country. The propagation of usable customer-focused technology is similar to blockchain projects and their iterations through time.

Ethereum provided for a significant testing ground as a platform for decentralized technology, Skycoin perfects the ideas and processes of Ethereum while creating a usable, incentivized platform that will increase the proliferation of blockchain in the region.

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TOP 10 INFLUENCERS IN BLOCKCHAIN SPACE http://startupradar.asia/top-10-influencers-in-blockchain-space/ http://startupradar.asia/top-10-influencers-in-blockchain-space/#respond Fri, 22 Jun 2018 05:18:00 +0000 http://startupradar.asia/?p=15917 The Top 10 Influencers in the Blockchain Industry A blockchain technology was referred to Bitcoin and other cryptocurrencies once it was introduced in 2008. In addition, it is growing faster and faster by embracing a larger space of industry and service, such as social networks and financial services.  The following list contains top 10 influencers in…

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The Top 10 Influencers in the Blockchain Industry

A blockchain technology was referred to Bitcoin and other cryptocurrencies once it was introduced in 2008. In addition, it is growing faster and faster by embracing a larger space of industry and service, such as social networks and financial services.  The following list contains top 10 influencers in blockchain industry, however, the list is not ranked in order of importance. Satoshi Nakamoto is considered as the creator of bitcoin by the majority and there is a lot of mysteries surrounding his identity. Therefore, he is not listed here since he was never seen in real life and even was not heard of yet. Maybe he is a real person or not, the list starts without him.

Marc Andreessen

Software Engineer, Entrepreneur

Every tech-geek knows him as he is the co-creator of the very first web browser called Mosaic and the co-founder of famous Netscape. Marc Lowell Andreessen is an American entrepreneur, software engineer, and investor. In addition, he is a member of the director’s board of Facebook, eBay and HP Enterprise. He is one of the bitcoin pioneers and has made successful investments on cryptocurrencies. His famous article was published in New York Times under the title of “Why Bitcoins Matter”. You can read the article via this link.

 

Don Tapscott

Author, Scholar, Researcher, and Speaker

Don Tapscott is a Canadian business executive, author, a consultant who specialized in business strategy. Being the CEO of the Tapscott Group, he founded the international think tank New Paradigm. Furthermore, he authored more than 15 books written on the digital economy. His recent focus now is on how technology will bring an organizational transformation to not only business but also to society in general.

 

Alex Tapscott

Executive, Author

Alex Tapscott, the son of Don Tapscott, currently serves as the CEO of Northwest Passage Ventures. Alex and Don, son and father duo, co-authored a critical bestseller “Blockchain Revolution”. Therefore, his work now revolves around the applications of blockchain technology and cryptocurrencies.

 

Nick Szabo

Computer Scientist, Legal Scholar, Cryptographer

He started researches in digital contracts and digital currency, namely bitgold – designed for a decentralized digital money, earlier than his colleagues in 1998. Even if bitgold was not implemented, the research upon it was crucial for bitcoin development a decade later. Furthermore, Nick coined the term “smart contracts” for the first time in the digital economy. There are claims online about Nick Szabo telling that he might be Satoshi himself, but he always denies it.

 

Hal Finney

Programmer, Cryptographer Activist

Finney is also a genius pioneer in the bitcoin world. He is the creator of the first reusable proof-of-work system before bitcoin emerged. In addition, Finney was the first ever participant in bitcoin transaction, receiving bitcoins from Satoshi Nakamoto. Bcflick was his last experimental software project to create more secure bitcoin wallets via trusted computations.

 

Gavin Andresen

Programmer

An American software developer, Gavin Andresen is well known for his involvement with bitcoin. He was originally a 3D graphics and virtual reality software programmer until 2010 when his focus was directed into the bitcoin market. Furthermore, Gavin is the lead developer of the reference implementation for bitcoin client software. In addition, to support and nurture the bitcoin development, he established the Bitcoin Foundation.

Adam Back

Programmer

Adam Back is a British programmer, cryptographer, and crypto-hacker. He has made significant researches on e-cash protocols since 1995. His inventions of hashcash and proof-of-work system are handy manuals for several anti-spam systems. Hashcash is designed to combat blog spams and namespace pollution. Adam is the CEO of Blockstream, a company that seeks further development of bitcoin and blockchain technology.

Patrick Byrne

Executive, Entrepreneur

Patrick Byrne is an American entrepreneur, e-commerce pioneer and CEO of Overstock.com, an e-retailer giant. In January 2014, Overstock was the first major retailer to welcome bitcoin payments for its products long before Microsoft and Dell came along. He has an MA degree from Cambridge University and a Ph.D. from Stanford University. Patrick is an amazing sportsman too. He has a taekwondo black belt and a professional boxer. More surprisingly, he is a cancer survivor. The blockchain people are happy that he defeated his cancer.

Roger Ver

Investor

Roger Ver is the “Bitcoin Jesus”, an American entrepreneur running his business in Tokyo, Japan. He is the first person to make initial investments in bitcoin startups. Being a prominent bitcoin supporter, he promotes Bitcoin Cash, a hard fork of the cryptocurrency – an intent to reduce transaction time and fee. In 2012, Ver helped the Bitcoin Foundation with a large amount of donation and the Foundation of Economic Education with 1 million dollar worth of bitcoins.

Vitalik Buterin

Programmer

Vitalik Buterin, a Canadian-Russian programmer, is the co-founder of both the Ethereum project and Bitcoin Magazine. This 24-year-old genius boy is the youngest on the list. His cryptocurrency is worldwide number 2 in terms of transaction volume. Buterin learned about bitcoins at the age of 17 from his father. He was listed in Fortune’s 40 under 40 in 2016, and Forbes 30 under 30 in 2018.

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Why are there so many Ethereum ICO Tokens? http://startupradar.asia/why-are-there-so-many-ethereum-ico-tokens/ http://startupradar.asia/why-are-there-so-many-ethereum-ico-tokens/#respond Tue, 17 Apr 2018 06:45:04 +0000 http://startupradar.asia/?p=11666 Ethereum ICOs When you see the thousands of ICO startups out there, a vast majority of them are Ethereum ICO Tokens.  Therefore, Vital Buterin the co-founder of Etereum has been traveling the world promoting Ethereum as well as building Ethereum communities.  He recently came to Seoul for Deconomy, a blockchain conference, to talk about the…

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Ethereum ICOs

When you see the thousands of ICO startups out there, a vast majority of them are Ethereum ICO Tokens.  Therefore, Vital Buterin the co-founder of Etereum has been traveling the world promoting Ethereum as well as building Ethereum communities.  He recently came to Seoul for Deconomy, a blockchain conference, to talk about the future of Ethereum.  The reason why so many tokens are Ethereum ICOs comes down to three reasons.

Ethereum Development

The first is the constant development of Ethereum.  The Ethereum alliance was created and has over 200 member companies who are putting in capital for development resources.  These are focused on solving real-world problems using Ethereum.  Furthermore, Ethereum is the world’s only smart-contract supporting Blockchain.

Liquidity

The second reason is the Liquidity factor of Ethereum.  Ethereum is the 2nd largest Blockchain network in the world right now behind Bitcoin.  Therefore every token that is built on the Blockchain increases the demand for Ether and adds liquidity to the network.

Scalability

The final reason is the scalability of Ethereum.  Vitalik has been working hard with his team to implement Casper.  Casper has created a process to punish malicious validators.  Therefore, this will help achieve decentralization, save energy, create economic security, allow for scaling, and will help Ethereum transition to proof of stake.

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Shinhan Signs MOU with Omise http://startupradar.asia/shinhan-signs-mou-with-omise/ http://startupradar.asia/shinhan-signs-mou-with-omise/#respond Mon, 09 Apr 2018 04:36:51 +0000 http://startupradar.asia/?p=10698 New Finance Innovators:  Shinhan Bank The two main banks in Korea that have been very supportive of blockchain technologies and cryptocurrencies have been Shinhan and Woori Bank.  Therefore they have become the true innovators in Korea.  They are the ones that realize that the Fintech space will be changed forever with these new and innovative…

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New Finance Innovators:  Shinhan Bank

The two main banks in Korea that have been very supportive of blockchain technologies and cryptocurrencies have been Shinhan and Woori Bank.  Therefore they have become the true innovators in Korea.  They are the ones that realize that the Fintech space will be changed forever with these new and innovative technologies.

Shinhan made the announcement in early January that they will start looking into the development of a bitcoin cold wallet.  The next month they had successful test runs with the Ripple network for cross-border payments.

Shinhan Signs MOU with OmiseGO

Now in April Shinhan is making news again with their partnership with OmiseGO.  OmiseGO is an Ethereum-based banking and payments platform.  Hopefully, this partnership can accelerate the adoption of blockchain technologies in Korea.  Therefore, ultimately they are looking to make a platform that can facilitate a decentralized economy.  In addition, the OmiseGO platform is being made using a public network that is powered by Ethereum.

Those that are looking to use the wallet SDK can use it now.  In addition, their first test run will test to see if it will make it easy for users who need online asset exchanges as part of their business to connect to the OmiseGO Network.

Shinhan will continue to look to use Omise and their blockchain technologies in different areas within Shinhan’s banking operations.  Furthermore, their first step could come from Shinhancard which should be able to use blockchain technologies in their credit card applications.  Therefore, this will make Shinhan Bank the first major credit card company in Asia to use blockchain technology into their service.

Omise will be able to settle transactions for Shinhan merchants using the OmiseGO blockchain.  Then later the Ethereum blockchain.  This collaboration between these two parties will bring together Omise’s innovative payment technologies and solutions with Shinhan’s mobile SDKs that can onboard e-wallet providers.  Look for more news coming out of Shinhan as they are clearly leading the way in fintech innovation in Korea.  The other banks seem to just be sitting back and are in a wait and see mode.

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Founder of Ethereum in Seoul to Promote Blockchain Technologies http://startupradar.asia/founder-of-ethereum-in-seoul-to-promote-blockchain-technologies/ http://startupradar.asia/founder-of-ethereum-in-seoul-to-promote-blockchain-technologies/#respond Thu, 05 Apr 2018 02:27:58 +0000 http://startupradar.asia/?p=10413 Founder of Ethereum Arrives in Seoul Vitalik Buterin, the founder of Ethereum arrived in Seoul to emphasize the need for a more proactive stance on blockchain and cryptocurrency regulation in Korea.  This meeting was held a few days before Deconomy.  The round-table conference was held by the National Assembly’s 4th Industrial Revolution Forum and ZDNet…

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Founder of Ethereum Arrives in Seoul

Vitalik Buterin, the founder of Ethereum arrived in Seoul to emphasize the need for a more proactive stance on blockchain and cryptocurrency regulation in Korea.  This meeting was held a few days before Deconomy.  The round-table conference was held by the National Assembly’s 4th Industrial Revolution Forum and ZDNet Korea.  500v2 CEO Jimmy Kim and Foresting CEO Daniel Eom were also at the roundtable to listen and learn from one of the most respected minds when it comes to blockchain technologies.

Buterin stressed the importance of fostering the young and passionate generation in Korea so they can access blockchain technologies and be active in the developer community.

Buterin talked about the great potential for society to change from blockchain’s underlying technology.

“In the next 1-3 years, I think that the block chain technology will be dramatically improved, “At that time, the level of service based on the block chain will also improve significantly.” He said.

In 3 years, Buterin feels that more and more blockchain technologies will be utilized.  Therefore, projects that can be said to be successful are expected to emerge.

ICOs in Korea

In regards to Korea, Buterin felt that ICOs vary from country to country.  Some countries prohibit ICOs, while others treat it as securities or Fintech.  He mentioned that he didn’t think it was right to put a cipher or blockchain into the current regulatory system.  For example, if coins are treated as securities, the regulations become too severe.  There are also cases where utility tokens are created to avoid being treated as securities, which can also lead to even more severe restrictions.  He stressed the importance of setting clear standards for ICOs.  Efforts should be made to create a transparent system to ensure investors know where they are investing.

What is DAICO?

Buterin: DAICO is a combination of decentralized distributed organization (DAO) and cryptographic disclosure (ICO). It means the decentralized distributed organization for ICO.

The ICO goes directly to the project team with the funds raised. But DAICO can control the funds through smart contracts. It is a way of voting directly through how investors will distribute the money raised.

ICO is fundamentally structured (although funding for decentralized projects). This is because the investment is delivered directly to the project team and is executed according to their intentions.

Using the DAICO method, investors can set a period of time to provide funds, rather than giving all the funds to the project team at once. Indeed, investors can transfer funds while reviewing the project team’s capabilities.

The Ethereum Foundation

Buterin went on to talk about the Ethereum Foundation which is looking to actively engage with the community to foster blockchain developers.  He hopes that many Korean developers will have the opportunity to understand the blockchain and experience its development.

Finally, when asked by Foresting CEO Daniel Eom about whether Buterin thinks the service will be available when the use of the blockchain service is still inadequate, Buterin responded by saying that the blockchain is not perfect in terms of user efficiency and that the limitations of the blockchain technology will be greatly complimented.

“Currently, block chains are mainly used for financial services such as overseas remittances. However, if the blockchain limit is overcome within one to three years, I think there will be a use case. “

Buterin also emphasized that overcoming technical limitations is “the current block-chain industry challenge.”

Currently, his focus is on improving the transaction processing performance of the blockchain.  The blockchain is designed to allow all nodes participating in the network to record all transactions. This allows verification through distributed nodes even if the data of one node is modulated.

However, due to this structure, the processing capability of the whole network cannot be limited to single node processing capability. No matter how many computers you connect, you can not exceed the processing efficiency of a single node. If the user suddenly increases, the transaction cannot be efficiently processed.

One of the technologies being studied by Buterin to solve this problem is the ‘plasma’ project. It creates a side chain, processes the data, and passes only the optimized data to the main chain. This can reduce transaction fees and improve network throughput.

Recently, Plasma Cache, an upgraded version of the plasma, was also released.

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Cryptocurrency Tuesday 2/06/2018 http://startupradar.asia/cryptocurrency-tuesday-2-06-2018/ http://startupradar.asia/cryptocurrency-tuesday-2-06-2018/#respond Tue, 06 Feb 2018 03:17:23 +0000 http://startupradar.asia/?p=4521 2/06/2018 Bitcoin and other cryptocurrencies have been falling hard the past week.  The trend does not look like it will stop anytime soon.  Bitcoin in South Korea is as cold as ever.  The news that the Korean government was not going to ban cryptocurrency trading has done nothing to the decline.  In fact, the fall just…

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2/06/2018

Bitcoin and other cryptocurrencies have been falling hard the past week.  The trend does not look like it will stop anytime soon.  Bitcoin in South Korea is as cold as ever.  The news that the Korean government was not going to ban cryptocurrency trading has done nothing to the decline.  In fact, the fall just got worse.  The news is come out that North Korea has been stealing millions from cryptocurrency exchanges last year.  This is a very bad sign for all digital currencies.  Brace yourself!  Every single one of the top 20 cryptocurrencies fell drastically.  Here are the top 20 cryptocurrencies and the amount of movement compared to last week.

  1.  Bitcoin (7,118,575 Won) (-32.6%)
  2.  Ethereum (706,813 Won) (-37.6%)
  3.  Ripple (711 Won) (-39.1%)
  4.  Bitcoin Cash  (945,152 Won) (-38.2%)
  5.  Cardano   (321 Won) (-38.2%)
  6.  Litecoin  (128,018 Won) (-24.8%)
  7.  NEM  (456 Won) (-42.5%)
  8.  Stellar  (320 Won) (-36.3%)
  9.  EOS (7,116 Won) (-40.8%)
  10.  NEO  (80,977 Won) (-45.2%)
  11.  IOTA (1,458 Won) (-38.9%)
  12.  Dash (459,626 Won) (-35.3%)
  13.  Monero (179,576 Won) (-37.0%)
  14.  TRON (29 Won) (-47.3%))
  15.  Bitcoin Gold (85,429 Won) (-47.2%)
  16.  ICON  (2,949 Won) (-66%)
  17.  QTUM (20,252 Won) (-47.7%)
  18.  Ethereum Classic (16,886 Won) (-41.3%)
  19.  Lisk (15,066 Won)(-35%)
  20.  Populous (31,809 Won) (-58.2%)

Top 3 Risers

  1.  NONE
  2.  OMG
  3.  YIKES!

Bottom 3 Fallers

  1.  ICON (-66.0%) – Korea based ICON took the biggest bit last week even tho they announced their partnership with Forbes and Bloomberg.
  2.  Populous (-58.2%) – Could this be the first ICO scam?
  3. QTUM (-47.7%) – The exchange is based out of Singapore and many users are already calling this a scam.

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Ethereum Market Cap Taking Over Bitcoin? http://startupradar.asia/ethereum-market-cap-taking-over-bitcoin/ http://startupradar.asia/ethereum-market-cap-taking-over-bitcoin/#respond Thu, 01 Feb 2018 05:29:46 +0000 http://startupradar.asia/?p=3258 Ethereum vs Bitcoin Market Cap Ethereum’s market cap could possibly someday surpass Bitcoin’s market cap.  Currently, Ethereum’s market cap is around $111.6 billion.  Bitcoin’s market cap is around $171.7 billion.  The difference seems like a lot but it is not.  Ethereum has been growing while Bitcoin has been falling.  If this trend continues then it…

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Ethereum vs Bitcoin Market Cap

Ethereum’s market cap could possibly someday surpass Bitcoin’s market cap.  Currently, Ethereum’s market cap is around $111.6 billion.  Bitcoin’s market cap is around $171.7 billion.  The difference seems like a lot but it is not.  Ethereum has been growing while Bitcoin has been falling.  If this trend continues then it is possible we will see Ethereum’s market cap take over Bitcoin by the end of 2018.

For the last two weeks, Bitcoin has been falling while Ethereum has been trending up for the last month.  This is getting people really excited and talking about Ethereum passing Bitcoin in regards to the market cap.  It would only have to pass the price of about $1,750 which isn’t that far away right now ($1,100).  If they reach $1,750 it is possible that they will also pass Bitcoin’s market cap.

It is not an impossibility.   There is a lot of news out there regarding this topic.  Add this to the fact that bitcoin has been getting a lot of bad press due to government regulations.  It is not out of the question that Ethereum will rise to the top.

Blockchain LLC buys 60,000 acres of land for Ethereum

Yesterday, we heard the news that Blockchain LLC, who has been in this space for a while, spent $175 million to buy 60,000 acres in an area outside of Reno Nevada that has companies like Google, Apple, and Tesla out there using facilities.  The reason why so many companies go to Nevada is that the land is so good when it comes to taxes.  Nevada is also welcoming to cryptocurrencies with a recent bill that doesn’t tax cryptocurrency transactions.

Ethereum Market CapIt is unknown what Blockchain LLC will do with that land.  However, it was announced that they will have over 2,000 employees within about 2 years.  These employees will be building on the ethereum blockchain.

Since ethereum will be moving to proof of stake which means that the algorithm for validating the transactions on the ethereum network will switch from one where ethereum can be mined to one where you leave your ethereum in a wallet and you get a steady stream of income.  So you get ether just for holding it there.

With a company like Blockchain LLC backing ethereum the future looks bright for ether.  Look for ethereum to pass bitcoin by late 2018 in regards to the market cap.

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Cryptocurrency Tueday 1/30/2018 http://startupradar.asia/cryptocurrency-tueday-1-30-2018/ http://startupradar.asia/cryptocurrency-tueday-1-30-2018/#respond Wed, 31 Jan 2018 06:36:00 +0000 http://startupradar.asia/?p=2052 Sorry for the one day delay.  Things have been busy here at Startup Radar.  Cryptocurrencies have taken a hit the last few days.  As more and more countries look to either ban cryptocurrencies or enforce strict regulations.  The price of most digital currencies will continue to go down.  However,  South Korean e-commerce company WeMakePrice announced that they will…

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Sorry for the one day delay.  Things have been busy here at Startup Radar.  Cryptocurrencies have taken a hit the last few days.  As more and more countries look to either ban cryptocurrencies or enforce strict regulations.  The price of most digital currencies will continue to go down.  However,  South Korean e-commerce company WeMakePrice announced that they will be accepting cryptocurrencies for payments.  So there seems to be more a give and take.  As more government regulations are put in.  More companies are starting to put more faith into digital currencies.  Here are the top 20 cryptocurrencies and the amount of movement compared to last week.

  1.  Bitcoin (10,547,833 Won) (-5.7%)
  2.  Ethereum (1,131,806 Won) (+9.5%)
  3.  Ripple (1,166 Won) (-13.2%)
  4.  Bitcoin Cash  (1,528,687 Won) (-9.3%)
  5.  Cardano   (519 Won) (-10.6%)
  6.  Litecoin  (170,091 Won) (-6.7%)
  7.  NEM  (792 Won) (-20.6%)
  8.  Stellar  (502 Won) (+6.4%)
  9.  EOS (12,013 Won) (-12.3%)
  10.  NEO  (147,541 Won) (+11.4%)
  11.  IOTA (2,385 Won) (-7.5%)
  12.  Dash (709,603) (-9.1%)
  13.  Monero (284,695 Won) (-12.9%)
  14.  TRON (55 Won) (-22.6%)
  15.  Bitcoin Gold (161,523 Won) (-20.1%)
  16.  ICON  (8,665) (+3.1%)
  17.  QTUM (38,703 Won) (-5.9%)
  18.  Ethereum Classic (30,237 Won) (28,755 Won) (-5%)
  19.  Lisk (23,124 Won) (23,149 Won) (+.001%)
  20.  Populous (76,059 Won)

Top 3 Risers

  1.  NEO (+11.4%) – NEO got a boost last week because of NEON Exchange (NEX).  The new decentralized crypto exchange will be launched on the NEO platform.
  2. Ethereum (+9.5%) –  Last week Florida-based Weiss Ratings released a report that assigned Ethereum with the highest grade B.
  3. Stellar (+6.4%) – Got a huge boost last week after online payments company Stripe said it may add support for the cryptocurrency.

Bottom 3 Fallers

  1.  TRON (-22.6%) – TRON is known for their sudden rise and falls.  Between Jan 1st to Jan 5th the price jumped over 760%.
  2.  NEM (-20.6%) – Last week was a bad week for NEM. 500 million XEM tokens, worth roughly $420 million at the time, had been stolen from Japanese exchange Coincheck.
  3. Bitcoin Gold (20.1%) – Bitcoin Gold seems to fluctuate between the $180-$200.  Look for it to move up next week.  Then move back down a week later.

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Bitcoin vs Ethereum: What is the Difference? http://startupradar.asia/bitcoin-vs-ethereum-difference/ http://startupradar.asia/bitcoin-vs-ethereum-difference/#respond Mon, 29 Jan 2018 05:09:31 +0000 http://startupradar.asia/?p=1828 Bitcoin vs Ether A lot of Koreans are familiar with bitcoin.  You don’t have to be a cryptocurrency trader in Korea to know bitcoin.  The common Korean housewife knows about bitcoin by now with so much news about its regulation out there.  However, what about ethereum (ether)? There seems to be an arms race going on…

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Bitcoin vs Ether

A lot of Koreans are familiar with bitcoin.  You don’t have to be a cryptocurrency trader in Korea to know bitcoin.  The common Korean housewife knows about bitcoin by now with so much news about its regulation out there.  However, what about ethereum (ether)?

There seems to be an arms race going on right now in the world of cryptocurrencies.  Bitcoin and ether are currently leading the pack.  Sure there are others like EOS and Ripple, but the two clear leaders are BTC and ETH.

Ether is a four-year-old digital currency.  It is bitcoins closest competitor and it’s mainly been going unnoticed by the general public despite growing at a faster speed than bitcoin.  Korean investors have been very passionate about bitcoin because it has tripled in value in 2017.  However, ether went up 4,000% in 2017.

Similarities

Bitcoin and Ethereum have a lot in common.  They are both open source digital currencies used to make somewhat anonymous transactions.  Ether even has digital coins just like bitcoin.

Differences

While they are powered by a type of technology called blockchain, a whole lot of experts think ethers technology is a lot better.  Ethereum has what is a called a smart contract, which bitcoin does not have.  It doesn’t just track transactions, it programs them.  Smart contracts let you exchange not just money but property, stock, really anything without having to go through a lawyer, notary, or some other service provider.  This is why many investors think ETH is a stronger and potentially more lucrative technology than bitcoin.

With bitcoin getting so much attention, it is easy to miss ethereum.  However, it is clear that bitcoin does not stand alone in the cryptocurrency conversation.  As more and more big corporates are using ethereum in their companies, it could be just a matter of time before ethereum ends up overtaking bitcoin.

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Weiss Ratings Top Grades for Cryptocurrencies http://startupradar.asia/weiss-ratings-top-grades-cryptocurrencies/ http://startupradar.asia/weiss-ratings-top-grades-cryptocurrencies/#respond Thu, 25 Jan 2018 07:03:03 +0000 http://startupradar.asia/?p=1595 Weiss Ratings was trending big time as they released the first ever grades on cryptocurrencies.  They are known for their top rated advisory information on financial services and investments.  There are many Korean startups in the Bitcoin industry that were surprised by the grades. The biggest news to come out of the grade release was…

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Weiss Ratings was trending big time as they released the first ever grades on cryptocurrencies.  They are known for their top rated advisory information on financial services and investments.  There are many Korean startups in the Bitcoin industry that were surprised by the grades.

The biggest news to come out of the grade release was how poorly bitcoin scored.  Ethereum scored a B while Bitcoin scored a C+.  They were quoted saying

“benefits from more readily upgradable technology and better speed, despite some bottlenecks.”

The major reason for Bitcoin’s low grade was because of the delay in transaction time.  There are also no plans to upgrade the software anytime soon.  What the report showed was that most cryptocurrencies have flaws.  An A grade was not given to any cryptocurrency.  This caused a lot of hacking issues that Weiss Rating had to fight off.

What many in the cryptocurrency ecosystem are saying is that Weiss Rating puts too much value on transaction capacity and not enough value on protocol stability, decentralization, and security.  This shows why Bitcoin was rated lower than Ethereum.  Bitcoin transaction fees range from $10 to $5 while Ethereum transaction fees are less than $1.

Here are the top grades for Cryptocurrencies.

B Grades

EOS

Ethereum

B- Grades

Cardano

Steem

Neo

C+ Grades

Ark

Bitcoin

BitShare

Byteball Bytes

Dash

Decred

I/O Coin

Litecoin

NEM

Ethereum should get a nice boost from these grades as it got the top grade.  EOS which is not as popular with the public should also see some upswing.  However, Cardano, Steem, and Neo are the only other 3 cryptocurrencies to beat bitcoin.

“We have built a computer model that looks at cryptocurrencies from many different angles and proves a rational, rigorous and reasoned research that investors need so desperately in this space,” said Dr. Martin Weiss, founder of Weiss Ratings

What kind of effect will this have on cryptocurrency exchanges and prices?  No one can really know.  What the grades have done is continue the debate of which cryptocurrency has the most potential moving forward.

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