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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. Ether is a necessary element for operating the Ethereum platform. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).
Bitcoin recovered yesterday after a 30% decline over the course of the last week. It had seen substantial growth in value in 2017 but suffered a 14-month decline after repeated cases wherein large exchanges were hacked.
Ethereum price is fluctuating above the $79 price level, price breakout is imminent. In case the bullish candle penetrates the supply level of $103 and close above it, $157 price level may be its target.
Ethereum’s rise over the last three years has been extraordinary. A whole new industry of software developers, innovators, and entrepreneurs are building products on Ethereum.
While Bitcoin recovered by 10% over the weekend, it is still facing some crucial resistance levels ahead for a short-term surge. Here’s what analysts have to say.
ConsenSys founder Joseph Lubin says that the company will focus more on specific and concrete projects reducing the scope of much experimentation as part of financial sustainability.
Dmytro Spilka, expert in AI and Machine Learning, CEO at Solvid and founder of Pridicto, shares his insights into the crypto- and blockchain labor market, explaining the potential techs hold for better employment.
Given the unprecedented instability of today’s crypto market, investors are experiencing far not the best times. Social network for traders ‘Investy’ couldn’t pass by and created a series of funny social videos in support of crypto traders.
