Ethereum Breaks $500 For First Time In Cross-Crypto Frenzy

Ethereum is now worth more in USD than ever before as enthusiasm spreads beyond Bitcoin.

Ethereum has reached $500 for the first time on the strength of future plans and Indian markets opening up trading. Data from cross-exchange resource Coinmarketcap shows ETH currently trading around $525 at press time, topping new highs of $400 seen just six days ago.

The moves echo those of Bitcoin, which has added proportionately similar gains in a similar timeframe, and increased by $1000 in the past 24 hours alone. Co-founder Vitalik Buterin had unveiled the ecosystem’s roadmap at a Taiwan conference last week, eyeing Casper and other technical advances intended to address some of Ethereum’s current issues.

In addition, major Indian exchange app Zebpay added Ethereum trading as a direct response to user demand. In a blog post Monday, it revealed it would also add Litecoin, Ripple and Bitcoin Cash to its books.

Having begun the year at just $8, Ethereum is one of the miracles of 2017’s cryptocurrency explosion. Ethereum Classic, Litecoin, Monero and Dash also posted new all-time highs in USD today.

Source: Coin Telegraph




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PR: Uservice Is a Global Decentralized Blockchain Platform for the Auto Industry

Uservice - Auto Industry Blockchain

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Global blockchain ecosystem Uservice token pre-sale had launched. The aim of the project is to unite and optimize all processes related to the purchasing, operation and maintenance of the car. Today there is a huge number of car platforms. Each of them has certain functions – some sell cars, others check if the car was ever in an accident, others offer assistance in repairs, etc. This separation is not convenient for the car owner. We took this into account and created a unique interactive blockchain ecosystem called Uservice. This separation is not convenient for the car owner. We took this into account and create a unique interactive block system for the Uservice ecosystem. Combining a large number of dealers, car service providers, insurance companies, suppliers of spare parts, and many other platforms of the auto industry, we will achieve the most effective interaction of individual links, combining them into one single chain.

Uservice project is a decentralized online platform based on the Ethereum blockchain, in which the smart-contract system will be used. Ethereum technology makes it possible to register any transactions and operations with cars based on a distributed base of contracts such as blockchain, without using traditional legal procedures. All operations with the car will be transparent, controlled and safe.

Connecting to Uservice platform of car owners, car service centers, insurance companies, banks, state regulators and car manufacturers, we will become a collective market of the “full life cycle of the car”.

By introducing an internal UST token into our ecosystem, we create a mechanism of interaction for the ecosystem participants within a single platform. UST tokens are released in a limited quantity and will be a part of all interactions within the project. We expect that the number of participants of our platform will increase, which means that the cost of the UST token will grow.

The project team has such professionals as Kamil Gadjiev, President of Fight Nights, champion of World Cup in Jiu-Jitsu; Bill Shor, the head of Caspian VC (CVC); Manuk Hergnyan, Co-Founder & Managing Partner, venture investment expert; Vitaly Petrov, racing driver, the 1st Russian racer who stood on the podium of Grand Prix of Formula 1; Batu Hasikov, public figure, multiple world champion in kickboxing.

Userv ice platform is an extension of the largest car service aggregator in Europe – UREMONT.COM, where more than 10,000 service stations have already been united into one system.

• 60,000 completed repairs in 2017 only
• Website attendance – 1.5 million users (data by www.similarweb.com)
• An average of 1478 repairs applications daily

At the token pre-sale stage, you get a 50% discount on your purchase. To participate in the presale or to learn more about the future platform, you can visit the official website: https://usrv.io and in the telegram-chat https://t.me/userviceru

Contact Email Address
k.iskenderova@uremont.com
Supporting Link
https://usrv.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Uservice Is a Global Decentralized Blockchain Platform for the Auto Industry appeared first on Bitcoin News.

Source: Bitcoin News




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Vitalik Lays Out Ethereum 2.0 Roadmap In Taiwan

The future of Ethereum, according to co-founder Vitalik Buterin

Vitalik Buterin, co-founder of Ethereum, has laid out the future plan of the Blockchain technology-based platform at a conference in Taipei, dealing with some of the biggest problems in Ethereum and suggesting how the future might shape up. Having already provided a substantial amount of information, the new update from Buterin gives more specific details.

The statement from Buterin began with a sort of tongue-in-cheek commentary on the many Ethereum replacements that have come on the market in recent months. According to the young computer scientist:

“The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum… 2.0.”

Biggest issues ahead

Buterin continued by describing the four areas where he sees a need for improvement on the current Ethereum platform. These were privacy, consensus safety, smart contract safety and scalability.

For each of the first three, the Ethereum co-founder sees a solution that is actively developing. In the area of privacy, the Byzantium hard fork has created the ability for zk-SNARKs, a solution that Vitalik sees as a viable one with continued implementation. For consensus safety, the recent development, nicknamed ‘Casper,’ should bring solutions, and for smart contract safety, Viper and formal verification can produce real solutions.

Easy

However, the problem of scaling is substantial. Vitalik explained that decentralization, scalability and security are a complex trifecta that can present major challenges in the future. While it’s relatively easy to have any two of the three creating a system where all three are functional has proven difficult.

Scalability on the Ethereum, according to Buterin needs to be thousands of transactions per second, be on-chain only, and be without any supernodes. In other words, it must deal with all three of the issues. The solution, per Vitalik, is found in sharding or allowing side chains were protocol changes can be upgraded while keeping the main chain intact.

The change from Proof of Work to Proof of Stake will be a requirement, and Buterin indicated that the timeline is likely three to five years, though he sees a substantial amount of change happening in the near term, as these upgrades begin to take shape.

Source: Coin Telegraph




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