Ethereum Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 1 down vote favorite I'm syncing the Ethereum node for a while now.It almost finished, but I gradually need to delete files, because it'd barely fits my disk.I only have an iMac with a 256 GB SSD and ethereum takes like 75% or so of it :/ Is this normal?Do other people struggle with this or is it just me having a small hard disk?I also have a SD card with 64 GB free, could I transfer it there?I'm also concerned not to lose my 10 ETH.Thank you in advance!blockchain wallets up vote 0 down vote You should use --fast option while syncing.The fast sync is really faster and the blockchain data occupies less space on your hard disk because: Instead of processing the entire blockchain one link at a time, and replay all transactions that ever happened in history, fast syncing downloads the transaction receipts along with the blocks, and pulls an entire recent state database.

But you can't mix both normal and fast sync.Either you download the whole blockchain using fast way (--fast) or the normal way.See: How can I get a geth node to download the blockchain quickly?You need not worry about your ethers.Just backup your ethereum-wallet.Pay attention: It's always safe to keep backup before making any changes to .ethereum directory Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.ethereum ico reviewNot the answer you're looking for?bitcoin expiration dateBrowse other questions tagged blockchain wallets or ask your own question.bitcoin trusted nodesEthereum builds on blockchain and cryptocurrency concepts, so if you are not familiar with these, it’s worth reading a gentle introduction to bitcoin and a gentle introduction to blockchain technology first.bitcoin wallet port

This article assumes the reader has a basic familiarity with how Bitcoin works.Ethereum is software running on a network of computers that ensures that data and small computer programs called smart contracts are replicated and processed on all the computers on the network, without a central coordinator.The vision is to create an unstoppable censorship-resistant self-sustaining decentralised world computer. It extends the blockchain concepts from Bitcoin which validates, stores, and replicates transaction data on many computers around the world (hence the term ‘distributed ledger’).thesis on bitcoinEthereum takes this one step further, and also runs computer code equivalently on many computers around the world.litecoin mining 2 different gpuWhat Bitcoin does for distributed data storage, Ethereum does for distributed data storage plus computations.

The small computer programs being run are called smart contracts, and the contracts are run by participants on their machines using a sort of operating system called a “Ethereum Virtual Machine”.To run Ethereum, you can download (or write yourself if you have the patience) some software called an Ethereum client.Just like BitTorrent or Bitcoin, the Ethereum client will connect over the internet to other people’s computers running similar client software and start downloading the Ethereum blockchain from them to catch up.It will also independently validate that each block conforms to the Ethereum rules.What does the Ethereum client software do?You can use it to: Your computer becomes a ‘node’ on the network, running an Ethereum Virtual Machine, and behaves equivalently to all the other nodes.Remember in a peer-to-peer network there is no ‘master’ server and any computer has equivalent powers or status to any other.I think it’s easiest to understand Ethereum by exploring the similarities and differences between Ethereum and a simpler system, Bitcoin.

So what are the similarities?Like Bitcoin, Ethereum has a blockchain, which contains blocks of data (transactions and smart contracts).The blocks are created or mined by some participants and distributed to other participants who validate them.You can explore this blockchain here: https://etherscan.io Blocks form a chain by referring to the hash or fingerprint of the previous block.See a gentle introduction to blockchain technology for a primer.Like Bitcoin, the main Ethereum network is a public, permissionless network – ie anyone can download or write some software to connect to the network and start creating transactions and smart contracts, validating them, and mining blocks without needing to log in or sign up with any other organisation.In general, when people talk about Ethereum they mean the main public permissionless instance (version) of the network.However, like Bitcoin, you can take Ethereum software, modify it slightly and create private networks that aren’t connected to the main public network.

The private tokens and smart contracts won’t be compatible with the public tokens though, for now.For more on the difference between public permissionless and private permissioned networks, see confused by blockchains?Revolution vs Evolution Like Bitcoin, mining participants create valid blocks by spending electricity to find solutions to a mathematical puzzle.Ethereum’s PoW maths challenge called Ethash works slightly differently to Bitcoin’s, and this allows common hardware to be used for mining.This reduces the efficiency edge of task-specific hardware known as ASICs, which are common in Bitcoin mining.For more on mining see a gentle introduction to bitcoin mining.On Ethereum’s roadmap there is a plan to move from electricity-expensive Proof-of-Work mining to a more energy-efficient Proof-of-Stake protocol called Casper, in a future release of the Ethereum software called Serenity.Ethereum’s token is called Ether, shortened to ETH.This is a cryptocurrency that can be traded for other cryptocurrencies or other sovereign currencies, just like BTC.

Its current value is around US$13 per ETH token (Oct 2016).Token ownership is tracked on the Ethereum blockchain, just like BTC ownership is tracked on Bitcoin’s blockchain, though at a technical level they track them in slightly different ways.For more on cryptocurrencies and tokens see a gentle introduction to digital tokens.This is where it gets more technical and in many ways more complex.In Ethereum the time between blocks is around 14 seconds, compared with Bitcoin’s ~10 minutes.This means that on average if you made a Bitcoin transaction and an Ethereum transaction, the Ethereum transaction would be recorded into Ethereum’s blockchain faster than the Bitcoin transaction getting into Bitcoin’s blockchain.You could say Bitcoin writes to its database roughly every 10 minutes, whereas Ethereum writes to its database roughly every 14 seconds.In Bitcoin, the maximum block size is specified in bytes (currently 1 MB) whereas Ethereum’s block size is based on complexity of contracts being run – it’s known as a Gas limit per block, and the maximum can vary slightly from block to block.

Currently the maximum block size in Ethereum is around 1,500,000 Gas.Basic transactions or payments of ETH from one account to another (ie not a smart contract) have a complexity of 21,000 Gas so you can fit around 70 transactions into a block (1,500,000 / 21,000).In Bitcoin you currently get around 1,500-2,000 transactions in a block.Data-wise currently most Ethereum blocks are under 2 KB in size.Compared with Bitcoin’s primitive scripting language, the code that can be deployed in Ethereum and run as smart contracts is more advanced and familiar to developers.Smart contract code is run by something called the Ethereum Virtual Machine, which runs on the computers of all participants on the network.If you are familiar with Microsoft Excel macros (pieces of code run by Excel), then similarly smart contracts are pieces of code run by Ethereum’s Virtual Machine.In many descriptions, Ethereum smart contracts are called “Turing complete”.This means that they are fully functional and can perform any computation that you can do in any other programming language.

How are ETH tokens printed or created?The biggest difference between ETH and BTC token generation is that BTC generation halves approximately every 4 years whereas ETH generation continues to be generated at a constant number every year (perhaps only until the Serenity version).This is a lot more complicated than Bitcoin.In summary, the number of ETH in existence are: Pre-mine + Block rewards + Uncle rewards + Uncle referencing rewards Around 72 million ETH were created for the crowdsale in July/Aug 2014.This is sometimes called a ‘pre-mine’.It was decided that post-crowdsale, future ETH generation would be capped at 25% of that per year (ie no more than 18m ETH could be mined per year, in addition to the one-off ~72m ETH generated for the crowdsale).Currently each block mined creates 5 fresh ETH.Doing the maths, if a block is mined every 14 seconds, and there are 31.5m seconds in a year (365x24x60x60), this means 2.25m blocks are mined per year.2.25m blocks at 5 ETH per block = 11.3m ETH generated per year.

This meets the commitment of less than 18m ETH generated per year.Actually it’s a little more than that.Some blocks are mined a little late and don’t form part of the main blockchain.In Bitcoin these are called ‘orphans’ and are entirely discarded, but in Ethereum they are called ‘uncles’ and can be referenced by later blocks.If uncles are referenced as uncles by a later block, they create about 4.375 ETH for the miner of the uncle (7/8th of the full 5 ETH reward).This is called the uncle reward.Currently around 500 uncles are created per day, adding an additional 2,000 ETH into circulation per day (~0.7m ETH per year at this rate).And there’s a bit more too: A miner who references an uncle also gets about 0.15 ETH per uncle (maximum 2 uncles).This model described above, where valid blocks are determined and miners are rewarded, is called the Ghost protocol (Greedy Heaviest-Observed Sub-Tree).It hasn’t really been decided yet what happens to issuance when Ethereum moves from Proof-of-Work (including the Ghost issuance rules) to Proof-of-Stake as the block-addition mechanism.

The Proof-of-Stake mechanism will use a protocol called Casper (yes, as in the friendly ghost.Who says cryptonerds don’t have a sense of humour?).The rate of ETH issuance under Casper may very well be lower than it is now under Ghost.So, what do miners get for mining?In Bitcoin, the miner of a block receives: In Ethereum, the miner of a block receives: Currently the average block has a gas limit of 1,500,000 Gas, and the network has an average Gas Price of 0.000 000 022 ETH, meaning that a miner might make 0.033 ETH in a ‘full’ block as the Gas reward.Note that the Gas from contracts are payments of existing ETH, not new ETH being created.Computers need to be able to calculate, store data, and communicate.For Ethereum to realise its vision as an unstoppable censorship-resistant self-sustaining decentralised ‘world’ computer, it needs to be able to do those three things fairly efficiently and in a robust way.The Ethereum Virtual Machine is just one component of the whole: Smart contracts are little computer programs that are stored on Ethereum’s blockchain.

They can be activated, or run, by funding them with some ETH.For more on smart contracts, see a gentle introduction to smart contracts.Here’s an example smart contract, taken from Wikipedia: In Ethereum you set up a smart contract by creating a new account with some code in it, and uploading it to the Ethereum blockchain in a transaction.Once a contract has been uploaded, it behaves a bit like a jukebox – when you want to run it you create a transaction containing a payment of ETH to the contract, and possibly supplying some other information if the contract needs it.Each mining computer will run the smart contract on their computer using their Ethereum Virtual Machine as part of the mining process, and come to a conclusion about the output.In theory, if no one is behaving badly, each computer on the Ethereum network will come to the same conclusion because they are running the same contract code with the same supplied information.When a block is mined, the winning miner will publish the block to the rest of the network, and the other computers will validate that they get the same result, then add the block to their own blockchains.

This is how the state of Ethereum’s blockchain gets updated.In Bitcoin, there is a concept called address where bitcoins are stored – like a bank account number, but for bitcoins.In Ethereum these are commonly called accounts and there are two types: Ethereum’s rate of block generation is much higher than Bitcoin’s (250 blocks per hour on Ethereum vs 6 blocks per hour on Bitcoin).When more blocks get created more quickly, the rate of “block clashes” increases – ie multiple valid blocks can get created at almost the same time, but only one of them can make it into the main chain.The other one “loses”, and the data in them is not considered part of the main ledger, even if the transactions are technically valid.In Bitcoin these non-mainchain blocks are called orphans or orphaned blocks and they do not form part of the main chain in any way and are never referenced again by any subsequent blocks.In Ethereum they are called uncles.Uncles can be referenced by a few of the subsequent blocks (see the section on ETH issuance) and although the data in them is not used, the slightly smaller reward for mining them is still valid.

This achieves two important things: When you activate a smart contract, you ask all the miners in the whole network to each individually perform the calculations within it.This costs them time and energy, and Gas is the mechanism by which you pay them for that service.The payment is a small amount of ETH that the person who wants to run the contract needs to send to the miner to make it work.This is similar to putting a coin in a jukebox.Payment (in ETH) = Gas amount (in Gas) x Gas price (in ETH/Gas) The more complex the smart contract (the number and type of computational steps, memory used for storage, etc), then the more Gas the contract requires to run and complete.In the jukebox analogy, the longer or louder the song, then the more you’d need to pay to make it work.Whereas the amount of Gas to run a contract is fixed for any specific contract, as determined by the complexity of the contract, the Gas Price is specified by the person who wants the contract to run, at the time they request it (a bit like Bitcoin transaction fees).

Each miner will look at how generous the gas price is, and will determine whether they want to run the contract as part of the block.If you want miners to run your contract, you offer a high Gas Price.In this way it’s a competitive auction driven by how much someone is willing to pay to have a contract run.Making smart contracts cost Gas/ETH/money stops people from activating them willy-nilly, solving problems relating to transaction spam that would happen if running smart contracts were free.Just like 1 dollar can be split into 100 cents, and 1 BTC can be split into 100,000,000 satoshi, Ethereum too has its own unit naming convention.The smallest unit is a wei and there are 1,000,000,000,000,000,000 of them per ETH.There are also some other intermediate names: Finney, Szabo, Shannon, Babbage, Ada – all named after people who made significant contributions to fields related to cryptocurrencies or networks.Wei and Ether are the two most common denominations.There are three common languages smart contracts are written in, which can be compiled into smart contracts and run on Ethereum Virtual Machines.

They are: The official Ethereum clients are all open source – that is you can see the code behind them, and tweak them to make your own versions.The most popular clients are: These are all command-line based programs (think green text on black backgrounds) and so additional software can be used for a nicer graphical interface./ethereum/mist), which runs on top of geth or eth.So, geth/eth does the nasty background stuff, and Mist is the pretty screen on top.Vitalik Buterin described Ethereum as a concept in a White Paper in late 2013.This concept was developed by Dr. Gavin Wood who eventually published a technical Yellow Paper in April 2014.Since then, the development of Ethereum has been managed by a community of developers.A crowdsale to fund development took place in July and August 2014, and Ethereum’s live blockchain was launched on 30 July 2015.The development team was funded by an online sale of ETH tokens during July to August 2014 where people could buy ETH tokens by paying in Bitcoin, at an initial fixed rate of 2000 ETH for 1 BTC (currently in Oct 2016 1 BTC will buy you 50 ETH on the open market).

Crowdsale participants sent bitcoins to a bitcoin address and received an Ethereum wallet containing the number of ETH bought./2014/07/22/launching-the-ether-sale/ A little over 60m ETH was sold this way for a little over 31,500 BTC, worth about US$18m at the time.An additional 20% (12m ETH) were created to fund development and the Ethereum Foundation.These are friendly names for versions of the core Ethereum software, a little like Apple’s OS X version names such as Mavericks, El Capitan, Sierra.The vision of the Ethereum’s development team is to build an unstoppable censorship-resistant self-sustaining decentralised world computer that can perform calculations, store data, and allow communications.There is a public permissionless open source version, and forks or copies of this have been taken and adapted for private network use.The public and private versions are attempting to solve different problems.The technology is currently immature, but as more people use it, test it, develop it and build on it, it will improve and become more robust.