A short-lived and relatively unknown cryptocurrency project built on Ethereum called Prodeum disappeared this weekend - along with the money a small number of hapless investors sunk into it. All that remained of its website was a white page with the word "penis" written on it.
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With cryptocurrencies all the rage, lots of people are looking for ways to mine various coins in order to take advantage of the current volatility that can see some people make monitor profits very quickly. OsherCoin is an entrant to that market that wants to make that process easier for the masses. They have a bespoke appliance that can mine currency that doesn't require a pile of tech expertise to build a cluster of devices to get into the cryptocurrency market.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Bitcoin, the decentralised digital currency, seemed on the verge of disappearing after every scandal, crash or hack. But eight years later, it's not only growing but accelerating, with the price of a single BTC "coin" recently climbing above $5400.
And it isn't the only cryptocurrency; competitors include Litecoin, Dogecoin and Ethereum (a currency that supports "smart contracts"). These graphs, videos and explainers contain everything you need to know.
With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. Graphics card prices have soared with the promise that those who have the computers and know-how to do some serious mining can take home huge sums in a Bitcoin-like gold rush to snatch up as much virtual currency as possible. But how easy is it to make your fortune in cryptocurrency? And is it worth your while getting started?
Just when you thought you had your head around bitcoin, along comes Ethereum. The word has been in a lot of headlines lately — as the cryptocurrency world’s new favourite thing soared in value. To be more specific, the price of something called an ether token is up over 3000 per cent.
Bitcoin, which is far more widely known as an alternative ‘currency’, is up about 141% so far this year. But what exactly are ether tokens and Ethereum? And how is it different than bitcoin? We’ve broken it down for you.