Ethereum's $5.2 Million Fee Scandal - Bitcoin News

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Welcome to /EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. Tags: ETH, BTC, Bitcoin, Augur, REP, DGD, ICN, MRK, MKR, GNT, DApp, Turing Complete, java script, how much money, time and money, new virtual currency, contractual dispute resolution, current market cap, core value proposition, CASPER, PoS, PoW, blockchain, Poloniex, GDAX, Coinbase, Vitalik Buterin, gas, fork
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Ethereum

Next-generation platform for decentralised applications.
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Compare the Decentralization of Hedera, Bitcoin, EOS, Ethereum and Bitcoin Cash

Compare the Decentralization of Hedera, Bitcoin, EOS, Ethereum and Bitcoin Cash submitted by waspoza to hashgraph [link] [comments]

Richard Heart & HEXologist on how great life is & how lucky we are! HEX, Ethereum and Bitcoin too.

Richard Heart & HEXologist on how great life is & how lucky we are! HEX, Ethereum and Bitcoin too. submitted by Compounding_Interest to HEXcrypto [link] [comments]

DEX for Ethereum AND Bitcoin?

For example, Uniswap, Kyber, dydx are decentralized exchanges for ERC-20 tokens/ETH. Is there a similar option that would allow one to exchange BTC and ETH while keeping control of one's funds?
submitted by VeloBoulot to ethtrader [link] [comments]

Visa Is Looking for Blockchain Engineers Who Have Worked with Ethereum and Bitcoin

Visa Is Looking for Blockchain Engineers Who Have Worked with Ethereum and Bitcoin submitted by Pandora_Key to ethtrader [link] [comments]

Platform/wallet with very small fees for buying, selling, sending that supports ethereum and bitcoin cash? Coinbase fees are way too high for me. I have Robinhood and have been investing in ethereum and btc cash but today realized I can’t send either nor can I receive any

Platform/wallet with very small fees for buying, selling, sending that supports ethereum and bitcoin cash? Coinbase fees are way too high for me. I have Robinhood and have been investing in ethereum and btc cash but today realized I can’t send either nor can I receive any submitted by moviedrugbuff to CryptoCurrencies [link] [comments]

What are the best Ethereum and Bitcoin Cash collaboration examples you know?

What are the best Ethereum and Bitcoin Cash collaboration examples you know? submitted by Egon_1 to btc [link] [comments]

How well are Ethereum and Bitcoin maintaining their security budgets?

How well are Ethereum and Bitcoin maintaining their security budgets? submitted by Pandora_Key to ethtrader [link] [comments]

Ethereum and Bitcoin visions compared

submitted by O_Polvo to ethereum [link] [comments]

Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV

submitted by cryptolobe to cryptolobe [link] [comments]

Stars are aligning for crypto, and that means Ethereum and Bitcoin could skyrocket

Stars are aligning for crypto, and that means Ethereum and Bitcoin could skyrocket submitted by serenity2021 to ethtrader [link] [comments]

Ethereum and Bitcoin conflicting visions

submitted by O_Polvo to ethtrader [link] [comments]

How can Ethereum and Bitcoin grow together and benefit eachother?

submitted by 2BitKing to btc [link] [comments]

I started working with Ethereum and Bitcoin while pursuing my Bachelors in CS, got into a well-paying job in Samsung as software dev, left it to work on my Crypto security startup, Cypherock, with the aim of eliminating fear of loss of Crypto for mass adoption.

I started working with Ethereum and Bitcoin while pursuing my Bachelors in CS, got into a well-paying job in Samsung as software dev, left it to work on my Crypto security startup, Cypherock, with the aim of eliminating fear of loss of Crypto for mass adoption.
Hello everyone, I am Rohan Agarwal! I heard the word 'Bitcoin' for the first time around 2013-2014 but it didn’t creep up on the top of my mind until 2017.
It was during my college days in 2017 when I was mostly working on android apps and attending hackathons to satisfy the competitive edge in me that I met my friend and CTO of Cypherock - Vipul through a mutual friend. During the same time, I went down the crypto rabbit hole after being bugged by the idea of decentralisation. During the 2017 bull run, I was continuously researching and trading Bitcoin, Ethereum and various cryptocurrencies while conducting workshops, writing blogs about the space.
At the height of the 2017 bull market, I found that one of my friends couldn't recover his recovery phrase kept safe on paper due to an unfortunate house fire. At the same time, another one of the colleagues had kept his 24 word mnemonic phrase as a screenshot on his phone which got lost when the phone was corrupted. That's when I realized the need for a secure hardware wallet + with a recovery solution that caters to both data loss and data theft problems without a single point of failure.
To facilitate mass adoption, it is necessary that -
  1. Regular, non tech savvy people should be able to use and secure crypto without the fear of losing it.
  2. The solution to secure and recover crypto should be a non-custodial solution and the support should be open to all assets.
This was the belief that gave birth to Cypherock. Current hardware wallets secure the crypto but the unencrypted seed phrase on the paper becomes a single point of attack. We believe that seed phrases deserve the same level of security that your private keys have.
So, we used 2 of 4 Shamir Secret Sharing (with the option to change the threshold in future) along with tamper-resistant hardware to secure your private keys. Simply put, it is like Multi-sig but for your wallet recovery phrase. Practically, it’s much easier to use than multi-sig, if implemented correctly. Even Coinbase uses Shamir Secret Sharing to secure their own assets.
More on what we developed
- Each shard will be stored in a EAL6+ tamper resistant secure element chips. As comparison, your iPhone has the same level of security chip for securing fingerprints.
- Nothing will be stored in the X1 Wallet on which the computation will be done.
- Keys can be recovered by tapping any 2 out of the 4 cyCards on the X1 Wallet. Each cyCard can also be protected by a PIN just like your hardware wallet. The recovered keys are stored in a volatile memory on the X1 Wallet which gets wiped out as soon as the operation is done.
- You can store 3 wallet recovery phrases in a single product.
- The cyCards can be distributed around different places to increase security of the funds and protect against $5 wrench attacks.
What this means is without the knowledge of location of atleast 2 cyCards and the PIN, it is impossible for the hackers to steal your assets. We'll be able to support multiple blockchains (read: coins) using this along with other digital assets like your passwords, secrets, non Blockchain private keys etc. You can secure the cards by distributing it among trusted people or keeping it secure in different places that only you know of.
https://preview.redd.it/z259ydi5auj41.png?width=1920&format=png&auto=webp&s=c110361d35ac82647c21da50264fcaee923fbc65
It has been a hell of a ride to provide an optimal solution for the mnemonic phrase/seed phrase recovery issue, without compromising the security of the user or the ownership of the assets.
We recently got backed by Consensys which was a high point for us. It has been a huge journey for us coming from India, where blockchain or the related hardware isn't that big with consumers yet.
The product is in the testing phase and we have started with the pre-orders. You can book one today with >50% off and if you don’t like it, we will give you a full refund, no questions asked.
Small Example to show how it works:
  1. You entegenerate your mnemonic phrase on the device or any other sensitive information like passwords.
  2. You tap four cyCards on the device to make 4 shards of your phrases.You'll need any 2 of them to recover your keys or perform a transaction.
  3. The cyCards can be stored at different locations or kept with different people for security.
  4. It can solve the issue with inheritance too with proper management of keys. (PM or comment to know more on this).
  5. To conduct a transaction, tap 2 cards on the device. The keys will be generated on the X1 Wallet for the transaction in a volatile memory which will be wiped off once the transaction is done (no current generation wallet has this). This allows for the hardware to have similar security as of multi-sig with the possible support of every asset.
Any feedback appreciated.
TLDR: With the dream of making storage of seed phrase an easy solution for everyone, started out with Cypherock and in the process found out a solution for removing single point of failure and a way for easy crypto inheritance. Would love any help from the community to take this further.
If anyone would like to see the device functioning, they can refer to the following videos:
  1. Securing Seed Phrases with Cypherock X1: https://youtu.be/eD3CZMPumCk
  2. Trezor Hack and Transaction Using Cypherock X1: https://www.youtube.com/watch?v=19u2mKaHRoM&t
submitted by rohanagarwal94 to ethereum [link] [comments]

Ethereum and Bitcoin visions compared

submitted by cryptoallbot to cryptoall [link] [comments]

Why Traders Shift From Ethereum And Bitcoin Networks In Droves To XRP

Why Traders Shift From Ethereum And Bitcoin Networks In Droves To XRP submitted by Arttoast to markethive [link] [comments]

05-20 17:35 - 'Ethereum is amazing technology and THE best cryptocurrency out there. Vitalik is a genius. Ethereum AND Bitcoin is the future. Don’t fucking reply to me. Do you know who made btc sounds more like a scam to me.' by /u/MFDOOMKendrickEarl removed from /r/Bitcoin within 62-72min

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Ethereum is amazing technology and THE best cryptocurrency out there. Vitalik is a genius. Ethereum AND Bitcoin is the future. Don’t fucking reply to me. Do you know who made btc sounds more like a scam to me.
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Author: MFDOOMKendrickEarl
submitted by removalbot to removalbot [link] [comments]

Why Traders Shift From Ethereum And Bitcoin Networks In Droves To XRP

submitted by creativemkg101 to MARKETINGonBLOCKCHAIN [link] [comments]

Ethereum and Bitcoin: Faithful to the decentralized nature of cryptocurrency?

submitted by Acrobatic_Peak to EthereumLiveNews [link] [comments]

Ethereum and Bitcoin: Faithful to the decentralized nature of cryptocurrency?

submitted by Acrobatic_Peak to CryptoLiveNews [link] [comments]

Why Traders Shift From Ethereum And Bitcoin Networks In Droves To XRP

Why Traders Shift From Ethereum And Bitcoin Networks In Droves To XRP submitted by cryptolobe to cryptolobe [link] [comments]

Ethereum and Bitcoin: Faithful to the decentralized nature of cryptocurrency?

submitted by Acrobatic_Peak to BitcoinLiveNews [link] [comments]

Ethereum and Bitcoin: Faithful to the decentralized nature of cryptocurrency?

submitted by Acrobatic_Peak to BlockchainLiveNews [link] [comments]

Ethereum vs Bitcoin  Explained (For Beginners) Bitcoin, EOS, Ethereum, and Ripple's XRP Daily Tech Analysis July 14th, 2020 Where and how to buy Ethereum, Bitcoin - Cryptocurrency and sending to Trust wallet. தமிழ் (Tamil) Ethereum vs Bitcoin - A beginners guide to investing Bitcoin and Ethereum Best earnings 2020 FREE

View live Ethereum / Bitcoin chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Bitcoin vs. Ethereum: An Overview Ether (ETH), the cryptocurrency of the Ethereum network, is arguably the second most popular digital token after bitcoin (BTC). Indeed, as the second-largest Unlike the Bitcoin network which was designed for Bitcoin transactions only, Ethereum is a DIY platform for decentralized apps (or Dapps) that uses smart contracts. ‘Ether’ is Ethereum network’s currency and it is used for running Dapps. Ethereum: a different goal than Bitcoin. The two leading cryptocurrencies have “very different use cases, with Bitcoin acting as store of value and Ethereum acting as a new decentralized Explore the top 50 cryptocurrencies with Coinbase, including cryptocurrency price charts, crypto descriptions, and the latest price of Bitcoin and Ethereum.

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Ethereum vs Bitcoin Explained (For Beginners)

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