The less than two years old digital currency has now become the most profitable blockchain to mine and the most secure, according to a measure called the Köppelmann Constant, named after Martin Köppelmann, founder of the ethereum based Gnosis project which is now valued at around $200 Million.According to a flippening website, which measures the point when ethereum’s market cap overtakes bitcoins, currently standing at around 38% of the way, the constant is explained as: “The ETHBTC rate where Ether PoW mining yields the same value as Bitcoin mining.Also, it is the ETHBTC rate where Ether PoW expends more economic resources on PoW than Bitcoin.” Which basically translates to the point when ethereum’s blockchain becomes the most secure out of all proof of work based blockchains, making eth the very first platform to overcome bitcoin in this measurement.That is a significant development because a higher level of security means that a higher level of value can be stored due to an increased cost for a 51% attack, but that’s just in proof of work (PoW).

Ethereum intends to move to proof of stake (PoS) which will make the network even more secure while also providing users with confirmation times of as low as potentially 2 seconds, making it as good as instant and the fastest of any other public blockchain based currency.On top, it will further increase capacity which may soon be needed as eth’s transaction levels are reaching new highs.Ethereum can already handle more transactions than bitcoin and will probably be able to operate finely with 1 million transactions a day, but might struggle at higher levels.Proof of stake will change that, increasing its capacity further, followed by even more capacity increases with sharding which may allow the network to potentially handle 100,000 transactions a second, far more than Visa currently processes.Estimates of proof of stake deployments vary.Ethereum is first to upgrade to Metropolis, which has its own features, such as increased privacy by incorporating Zcash’s Zk-Snarks, on top of some other nice features for developers.

After that, PoS is to be deployed in the Serenity upgrade with time estimates given by some for this year, but realistically it will probably be sometime next year.Once that all goes through, then ethereum is ready for wide use, including mainstream applications in heavy demand such as banking services, but the road should be expected to be bumpy.This is just code and codes do sometime have a comma which shouldn’t be there but ends up causing problems.However, it will all probably be heavily tested and if there are any problems eth has shown they can quickly make decisions and resolve any issues, so it would most probably be just temporary.No wonder no one wants to wait, with the rate of adoption potentially increasing faster than development can keep up, but the Ethereum Foundation should now be the best funded blockchain company in the entire industry, so they are expanding, according to Vitalik Buterin, who publicly stated they are taking on new people.Profit is calculated via the deduction of expenses from income.

The income consists of daily payouts which size depends on the hashrate.In order to calculate an estimated income using the hashrate you will need to include it in one of the calculators below (set all Power values to zero): 1.bitcoin faucet of canadaBitcoin - for SHA-256 2.ethereum structLitecoin  - for Scrypt 3.apt-get litecoin-qtEthereum - for ETHASH 4.bitcoin wallet app backupDASH  - for X11 Next, deduct the maintenance + electricity fee of 0.0035 USD per 10 GH/s of SHA-256 and 0.01 USD per 1 MH/s of Scrypt from the income.litecoin mining codeETHASH and X11 contracts are not subject to any fees.bitcoin wallet path

The sum you end up with is your estimated profit.The power of smart contracts may be combined with absolute privacy according to a new statement by Ethereum’s founder, Vitalik Buterin.“[Z]ero knowledge proofs are on ethereum’s roadmap and have been for over two months.” – Buterin publicly stated yesterday, before adding in a short interview for CCN that, realistically, it would take around four months to one year for Zec like privacy to be added to ethereum.A fully private ethereum raises the prospects of a solution to one seemingly intractable blockchain problem: how do you transact privately as far as the world is concerned, while at the same time revealing to whoever you wish the exact transactions you are undertaking.Zooko Wilcox, Zcash founder and a participant in the now famous mailing list thread discussion where Nakamoto made his first public announcement, stated during a devcon2 presentation titled Zcash + Ethereum = Love, that in the past four years or so, researchers have made a discovery that allows one to transact completely privately while, at the same time, allowing others to see their transaction if they so choose.

This discovery was not available to Nakamoto, Zooko stated, therefore he was unable to use it, but now, through mathematical advancements made by researchers currently working on Zcash, it is very much possible to not only allow validators, aka miners, to be certain a transaction is valid according to stated network rules, without knowing anything about the transaction, but to also, at the same time, allow potential employees, regulators, specific customers, or anyone else, to see, and therefore be able to verify, any undertaken transaction while prohibiting all others, in any way, from gaining any information whatever, about the exchange.Zcash, therefore, instead of providing solely anonymity, gives us a mechanism to solve a very serious problem.That is, it allows us all to use the public blockchain by not revealing anything while, at the same time, revealing everything in a way that makes it impossible to corrupt the data, to those who need to know what must, necessarily, be revealed.

In combination with smart contracts, this technology can become very powerful, allowing for incremental improvement of our current infrastructure in a way that may profoundly increase our productivity, efficiency and well-being.This is a sentiment echoed by Buterin who stated: “[C]ombining blockchain tech and strong privacy may well be one of the next major frontiers in secure application development.” The only problem now left is scalability, and, of course, usability.Z-knowledge proofs, the high maths that makes all this wizardry possible, use much memory and ram.Some, therefore, suggest that for ethereum this new invention should be used at a contract/project level, rather than at the protocol level itself, some otherwise.In addressing scalability, Buterin stated that : zero knowledge proof transactions do take longer than ordinary transactions to process, “so you won’t be seeing 15 zkp transactions per second the way we do with regular ones (though if our VM improvements are good enough you may well; hard to tell at this point).” In further indicating a preference for both approaches –  incorporation at the contract and protocol level – Buterin stated that “we need some precompiles for optimization.” Regardless of whatever coders decide, ethereum’s sharding solution, whereby certain nodes validate only some transactions, creating a complex web which amounts to, effectively, all nodes validating all transactions, goes a long way towards addressing any scalability concerns.