Note: If you’re looking to buy Ethereum for trading purposes only you may want to check out  Plus500 Ethereum CFD trading.Lately there has been a lot of talk about the hottest altcoin in the community – Ethereum.Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality.It’s basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013.Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property.Well, Ether is the currency of the Etherium platform.Ether will be required by anyone wishing to build upon or use the Ethereum platform.Just like BItcoin, Ether can be traded around the web and mined.In a second I’ll show you exactly where you can buy it.Most people use the term Ethereum to refer to the currency instead of Ether and that’s why it can get so confusing.

The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency.The results were roughly: The founders of Ethereum state that Ether is not a currency as much as it is “crypto-fuel”, meaning it’s a token that has one main use – to pay for the Ethereum platform.This means that you probably won’t be able to buy stuff with Ether online.However you can still trade it and invest in it in hopes its price goes up.Because Ether is less “mature” than Bitcoin at the moment, it’s less suitable for non technical people.For example, you can download Ether’s official wallet app from github, but there’s no “user friendly” version of it yet.There’s also MyEtherWallet and EthereumWallet available with a simple interface.Ethereum Classic is a cryptocurrency that was created due to a disagreement with the way original Ethereum conducted business.The catalyst for the split was due to a hacker finding a way to steal $60m worth of Ethereum coins.

The supporters of ETH said that the code should be altered and the stolen coins should be refunded, while the supporters of ETC said that “code is law” and whatever happened happened.So in real life what happened is that ETC was the same original Ehtereum code and ETH forked their code to create a new Ethereum.Therefor 2 identical competing currencies were created that had 2 different exchange rates.Today ETH’s price is much higher and is more common around the general cryptocurrency community.The easiest way to buy Ethereum (i.e.Ether) would be through one of the popular Bitcoin exchanges that also supply Ethereum.The most convenient and cheapest way to buy Ethereum would be Coinbase (if it’s available in your country): Coinbase will sell you ETH for a fee of 1.49%-3.99% depending on your payment method (credit cards have a higher fee than wire transfers).CEX.io is a Bitcoin exchange that also sells ETH via a credit card.The fees for on CEX.io are already calculated into the exchange rate, that’s why it will seem higher than other exchanges.

For example, the exchange rate for 1 ETH on Coinbase is $19.62 while on CEX.io it’s $21.08.However CEX.io works with countries worldwide (unlike Coinbase).bitcoin forecast septemberIf you live in the EU (Eurozone) another good option could be buying Ethereum from Coinhouse.bitcoin café libraryThe company is a Bitcoin and Ethereum broker that started out supplying service only to people from France and gradually expanded to the rest of Europe.bitcoin atm london locationsYou can pay via a credit card, debit card or Neosurf.armory bitcoin apiYou can also get Ether from several Bitcoin exchanges like Kraken, poloniex and shapeshift.io.bitcoin price rm

If you’re only into Ethereum to profit on the exchange rate you can also invest in Ethereum CFDs (contract for difference).The idea is that instead of actually buying Ethereum you can just trade according to the exchange rate.ethereum linux minerCFDs is usually suited for experienced traders and your money is at risk when doing so.malaysian plane bitcoinAt the moment Plus500 are the only company that offers Ethereum CFDs.hacker experience bitcoin minerMining Ethereum uses proof-of-work.bitcoin mit paysafeIt’s similar to Bitcoin mining in a sense that there is a diminishing block reward for every block mined.You can try mining Ethereum using your own computer (CPU mining), but it will probably not get you too far.

However, if you have a dedicated GPU set up for the task then you can get some real rewards.For information on exactly how to mine Ether visit Ethereum’s official web page or on our blog post about it.Ether and Ethereum in General are disruptive technologies that are set to change how the Internet works.Whether it succeeds or not remains to be seen, but for now you can easily get your share of “the Internet’s future” by following the steps mentioned above.If you want to learn more about Ethereum you can use the variety of social channels dedicated to the platform: Facebook, Twitter, YouTube, Reddit, StackExchange and the Etheruem blog.About Latest Posts Latest posts by Ofir Beigel (see all) [Review] Changelly VS ShapeShift– The “Instant” Cryptocurrency exchanges “Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69 “Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $2345.56Ethereum burst onto the virtual currency scene almost a year ago.

It’s similar to bitcoin, but with a key difference.In addition to supporting its own digital currency, ether, it also supports smart contracts, agreements written in computer code that execute automatically when conditions are met.Though it garnered significant attention from the start, Ethereum’s biggest moment came in April 2016, with a radical experiment called the Distributed Autonomous Organization, or the DAO.Created by German blockchain startup Slock.it, the DAO had an ambitious goal—to build a humanless venture capital firm that would allow the investors to make all the decisions through smart contracts.There would be no leaders, no authorities.Only rules coded by humans, and executed by computer protocols.Launched on April 30th, it took off like a runaway train.By May 21, it had raised $150 million from roughly 11,000 investors, in what’s considered the biggest crowdfunding effort in history.For Ethereum, the backbone of the project, it was a major vote of confidence in its nascent technology.

On June 17th, someone started siphoning money out of the DAO.People were watching in real time as the money was stolen—like a live video feed of a bank robbery.By the end, the hacker, who has said that he was simply taking advantage of a technical loophole in the DAO, had amassed $50 million in ether, based on current exchange rates.While the core developers who designed and run Ethereum didn’t really have anything to do with the DAO, they were left to deal with the mess.The seven of them, led by Vitalik Buterin, decided to hack the hacker.They managed to stop the theft and move the funds into another smart contract where they currently sit.But that’s only a temporary stopgap: the way the code of DAO was written, there is a question of whether the original hacker can still lay claim to the funds.Fixing this would require more intervention from the core developers.Whether to do so has created an existential question for Ethereum.One of its underlying tenets is that it’s a decentralized platform, meaning the power lies almost exclusively with all of its users.

By stepping in to fix this problem, it would completely undermine that objective.This has led to a heated debate between those who want to return the funds and the “code is king” purists who say that the the power of smart contracts lies in their immutability.The intervention that’s being weighed is called a “fork.” It’s a decentralized network’s version of a reset button.It would entail rolling back the entire Ethereum network to a previous day.Doing so would basically eliminate the DAO, and move all the money into a smart contract that can only reimburse investors.The initial proposal was a soft fork.This would entail a majority of the Ethereum miners (those who verify transactions on the network) voting on the roll back.Unfortunately, a security flaw was found in the voting process, which eliminated this option.That leaves a hard fork, where the core developers of Ethereum unilaterally make the decision to essentially create a new version of the network with different rules than the original.

Then, miners, exchanges, and other major apps that are built on it need to decide if they want to a part of the new version of Ethereum or the original.Hence, the idea of a fork.“The Hard Fork is a delicate topic and the way we see it, no decision is the right one.As this is not a decision that can be made by the foundation or any other single entity, we again turn towards the community to assess its wishes in order to provide the most appropriate protocol change,” Ethereum cofounder Jeffrey Wilcox wrote in a blog post Friday (July 15).The community seems unanimous—according to Ethereum’s publicly available Github code, a hard fork is tentatively scheduled for July 20.But, after all this turmoil, several questions remain: Ethereum’s greatest promise lies in its ability to offer smart contracts, which are basically small programs, built on its blockchain.Financial institutions believe smart contracts offer a way to cut costs and speed up trading and settlement.Big banks like Citi and J.P.

Morgan, along with clearinghouses like the Depository Trust & Clearing Corporation, have been building and testing ways to trade credit default swaps with smart contracts, for instance.Analysts think smart contracts, if developed sufficiently, could eventually replace lawyers and judges in some cases.“Doing so in principle removes the potential for parties to have a dispute: both parties are held to whatever outcome the smart contract determines,” writes Houman Shadab, a professor at the New York Law School who specializes in the area.An Ethereum hard fork, however, could be a spanner in the works.If contracts held to be inviolable can effectively be overturned by a collective decision to run new software, what guarantee do financial institutions have that their transactions and funds are secure?“I think this exposes one of the problems [facing financial institutions],” says Simon Taylor, a co-founder of financial technology consultancy 11FS, based in London.Taylor, who headed blockchain projects at Barclays until last month, says incidents like the DAO hack and the hard fork only underscore the need for banks and other regulated institutions to build their own private blockchains.

Banks can reduce the threat of a community decision being implemented without their support.“If you want results now, the answer must be to build a [virtual private network] for asset transfer,” Taylor says.“This is undoubtedly the right choice for financial institutions.” Another bank insider thinks financial institutions will simply take a hard fork in stride.The technology is so new that banks are still in a research and development phase, so they have ample time to price in assumptions around any potential future forks, says Huy Nguyen Trieu, a well-known fintech analyst and until recently a managing director at Citi in London.“Whether you have a hard fork or soft fork, the cat is already out of the bag,” he says.“So it doesn’t change anything.Even if there was [a hard fork], whenever [banks] think of a smart contract, they will take it into account.” What about the moral hazard of a “bailout”?One of Ethereum’s core principles is that it offers a way for developers to write decentralized applications that external parties can’t alter.

These applications will exist “without any possibility of downtime, censorship, fraud or third-party interference,” says Ethereum’s official documentation.What would be the point of this?One example might be a smart contract that disbursed funds to activists in an oppressive regime.It can’t simply be shut down by a cease-and-desist order delivered to an office, or even by sending in troops to cart away servers.That’s because that particular pool of funds exists as an application on the Ethereum blockchain, which is dispersed around the world on whatever servers run its code.This property of Ethereum is known as censorship resistance.But if a hard fork is implemented to reverse a smart contract gone wrong, doesn’t this violate the principle of censorship resistance?“If you take the direction of restoring value to people who lost value, you break the idea of smart contracts,” says Vinay Gupta, a London-based strategist at Consensys, one of the most well known development firms working on Ethereum.

“Maybe we can justify this as a one-off, and it won’t happen again.But maybe it opens the door to a never-ending string of complaints from people who lost 25 cents and want it back.” The decision to hard-fork the protocol in order to return the hacked funds is a sort of moral hazard for the cryptocurrency world.Just as central bankers were confronted with having to bail out failing banks in 2008, the miners, exchanges, and companies in the Ethereum economy now must face the prospect of a systemic intervention to right a wrong.The irony isn’t lost on Gupta.“It turns out we have a lot in common with central banks,” he says.“Maybe not at the technical or legal level, but at a political level, people in our community expect us to be able to make things better for them.” Even a true believer in Ethereum like Gupta is aware that a hard fork could be a serious violation of the principles that underlie the protocol.He stops short of saying a hard fork is a bad idea, but notes that “there are convincing arguments” on both sides.

The decision to fork, or not, is a bit like voting for Brexit, he says.” There’s no way in the UK right now that you can make any kind of comfortable prediction of our economy, because it’s changed, but we don’t know what the new rules will be,” he says.“It’s that sort of prolonged uncertainty.” And, like Brexit, the Ethereum economy will be gambling with its future if it collectively agrees to pursue a fork.“We just have to roll the dice and see what happens,” Gupta says.What happens to the price of Ether?Ether’s price has tumbled from a high of about $15 as the DAO gained momentum to a current price of about $10.That’s instructive, because despite the uncertainty surrounding a potentially major change to the Ethereum codebase, the price has remained relatively stable.While a decline of 33% might seem like a steep drop, it’s important to remember that this is roughly what ether was trading at in the months before the DAO launched.The DAO triggered a sharp spike in the price of ether as people bought the currency to participate in the experiment.

So a drop back to the $10 level, even with a fork looming, is a vote of confidence from the market.At the start of the year, ether was trading at under a dollar.That suggests the ether market has priced in the hard fork decision.Joe Lee, a co-founder of bitcoin derivatives platform Magnr in London, expects a successful hard fork decision to therefore boost the price of ether.“I see this as validation that the community can build a very powerful system like Ethereum in the right way,” he says.Lee has a price target of $15 for ether before the year is up, returning it to its pre-DAO hack heights.Despite the drama over the previous weeks around the DAO hack, counter-hack, and forking proposals, the outlook for Ethereum is, implausibly, bright.Observers point to the way Ethereum developers have rapidly developed alternatives to solve the flood of technical and ethical problems revealed by the hack.Emin Gün Sirer, the Cornell professor who has perhaps contributed the most research in the aftermath of the DAO hack, contrasts the way the Ethereum world has adapted to his discoveries of technical flaws with the DAO and its subsequent fixes.