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  1. Asked: 2 years agoIn: Cryptocurrency, Learn

    When ethereum started?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago
    This answer was edited.

    Discover the origins of Ethereum, its visionary creator Vitalik Buterin, the groundbreaking white paper in 2013, and how the project evolved into a global blockchain platform.   When Did Ethereum Start? Ethereum's journey began in late 2013, when Vitalik Buterin, a young programmer and BitcoinRead more

    Discover the origins of Ethereum, its visionary creator Vitalik Buterin, the groundbreaking white paper in 2013, and how the project evolved into a global blockchain platform.

     

    When Did Ethereum Start?

    Ethereum’s journey began in late 2013, when Vitalik Buterin, a young programmer and Bitcoin enthusiast, envisioned blockchain as more than just a payment system. Frustrated by Bitcoin’s limitations, he proposed a platform that could execute decentralized applications (dApps) through smart contracts.

    In November 2013, Buterin published the Ethereum white paper, sparking immense interest in the crypto community. By early 2014, Ethereum gained traction as Buterin presented it at a Bitcoin conference in Miami, receiving a standing ovation and intense curiosity.

     

    Crowdsale and Genesis

    The Ethereum crowdfunding campaign ran from July 20 to September 2, 2014, raising over 31,500 BTC (around $18 million at the time). This marked one of the earliest and most successful initial coin offerings (ICOs). Buyers received Ether (ETH), Ethereum’s native currency, but had to wait until the network launched to use or trade their tokens.

    The Ethereum blockchain officially went live on July 30, 2015, with the launch of its first phase, Frontier.

     

    Why Ethereum Was Created

    Ethereum was designed to enable more versatile blockchain use cases. Unlike Bitcoin, which focuses on payments, Ethereum supports smart contractsβ€”self-executing agreements without intermediaries. This vision laid the foundation for decentralized finance (DeFi), non-fungible tokens (NFTs), and numerous blockchain-based solutions.

     

    Key Phases of Ethereum Development

    1. Frontier (July 2015): Initial release for developers and miners.
    2. Homestead (March 2016): Stability and usability improvements.
    3. Metropolis (2017-2019): Scalability and security updates, including Byzantium and Constantinople hard forks.
    4. Serenity (Ongoing): Transition from proof-of-work (PoW) to proof-of-stake (PoS), reducing energy consumption and improving scalability.

     

    Notable Challenges and Events

    • The DAO Hack (2016): An exploit in The DAO smart contract resulted in a $50 million ETH theft. This led to a controversial hard fork, creating two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).
    • Scalability Issues: High transaction fees and network congestion highlighted the need for upgrades like Ethereum’s Beacon Chain and the ongoing move to PoS.

     

    Ethereum Today

    Ethereum has revolutionized the blockchain ecosystem, enabling thousands of decentralized applications. Its innovations continue to push boundaries, with upgrades like The Merge (2022) transitioning to PoS and laying the groundwork for a scalable, sustainable future.

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  2. Asked: 2 years agoIn: Cryptocurrency, Learn

    When cryptocurrency legal in india?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    Explore the legality of cryptocurrency in India, from initial restrictions to regulatory developments, and the Supreme Court's pivotal decision in 2020 that revived crypto trading. Is Cryptocurrency Legal in India? Yes, cryptocurrency is legal to trade and invest in India, but it's not recognized asRead more

    Explore the legality of cryptocurrency in India, from initial restrictions to regulatory developments, and the Supreme Court’s pivotal decision in 2020 that revived crypto trading.

    Is Cryptocurrency Legal in India?

    Yes, cryptocurrency is legal to trade and invest in India, but it’s not recognized as legal tender. The journey of crypto legality in India has been tumultuous:

    • 2018 Ban: The Reserve Bank of India (RBI) banned regulated entities from dealing in cryptocurrencies, citing risks related to criminal use and lack of government recognition.
    • 2020 Supreme Court Ruling: This landmark decision overturned the RBI ban, allowing cryptocurrency trading to resume freely.
    • Current Status: While trading and investing in cryptocurrencies are permitted, regulatory clarity is still evolving. Tax guidelines were introduced in 2022, taxing crypto gains at 30%, but private cryptocurrencies like Bitcoin remain unrecognized as official currency.

    The government is working on introducing a Central Bank Digital Currency (CBDC) and considering regulations or restrictions for private cryptocurrencies. A complete ban seems unlikely due to the market’s growth and international guidelines from bodies like the IMF and FATF, which advocate regulation over prohibition.

    India is navigating the fine line between innovation and control, signaling a future where crypto regulation, not elimination, will dominate the narrative.

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  3. Asked: 2 years agoIn: Cryptocurrency, Learn

    When cryptocurrency invented?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    Discover when cryptocurrency was invented, its early origins, and how Bitcoin kickstarted the crypto revolution. Learn about the pioneers and milestones in cryptocurrency's history. Cryptocurrency was officially born on January 3, 2009, when the anonymous creator Satoshi Nakamoto mined the first BitRead more

    Discover when cryptocurrency was invented, its early origins, and how Bitcoin kickstarted the crypto revolution. Learn about the pioneers and milestones in cryptocurrency’s history.

    Cryptocurrency was officially born on January 3, 2009, when the anonymous creator Satoshi Nakamoto mined the first Bitcoin block, known as the Genesis Block. This marked the launch of Bitcoin, the first decentralized digital currency. The idea of cryptocurrency, however, dates back to the 1980s, with concepts like David Chaum’s eCash and the groundwork laid by pioneers like Nick Szabo (Bit Gold) and Wei Dai (B-Money).

    Bitcoin’s design revolutionized money, enabling peer-to-peer transactions without intermediaries, secured through blockchain technology. Today, cryptocurrency has grown into a global phenomenon, reshaping finance and technology.

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  4. Asked: 9 months agoIn: Cryptocurrency, Learn

    What is the purpose of "post-quantum" cryptography?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    Post-quantum cryptography (PQC) aims to develop cryptographic algorithms that are secure against the capabilities of quantum computers. Traditional public-key cryptographic systems, such as RSA and ECC, rely on mathematical problems like integer factorization and discrete logarithms, which are compuRead more

    Post-quantum cryptography (PQC) aims to develop cryptographic algorithms that are secure against the capabilities of quantum computers. Traditional public-key cryptographic systems, such as RSA and ECC, rely on mathematical problems like integer factorization and discrete logarithms, which are computationally difficult for classical computers to solve. However, quantum algorithms, notably Shor’s algorithm, can efficiently solve these problems, rendering current cryptographic systems vulnerable once sufficiently powerful quantum computers become available.

    To address this impending threat, PQC focuses on creating new cryptographic methods based on mathematical problems that are believed to be resistant to quantum attacks. These include lattice-based, hash-based, code-based, and multivariate polynomial cryptographic techniques. By developing and implementing these quantum-resistant algorithms, PQC seeks to ensure the continued security and privacy of digital communications and data in the era of quantum computing.

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  5. Asked: 2 years agoIn: Cryptocurrency, Learn

    When cryptocurrency will rise again?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    The cryptocurrency market has experienced significant growth recently, with Bitcoin reaching an all-time high of $109,299 today. This surge is largely attributed to the anticipation of pro-cryptocurrency policies from the incoming U.S. administration. President Donald Trump has expressed strong suppRead more

    The cryptocurrency market has experienced significant growth recently, with Bitcoin reaching an all-time high of $109,299 today.
    This surge is largely attributed to the anticipation of pro-cryptocurrency policies from the incoming U.S. administration. President Donald Trump has expressed strong support for digital assets, proposing initiatives such as establishing a U.S. crypto stockpile and implementing favorable regulations to position the U.S. as a global crypto hub.
    Industry leaders are optimistic about the future of cryptocurrencies under this administration. Circle CEO Jeremy Allaire expects imminent executive orders that could allow banks to trade and invest in cryptocurrencies, potentially integrating them into their portfolios. This move is anticipated to provide greater regulatory clarity and encourage institutional adoption.
    Analysts predict that Bitcoin’s price could continue to rise throughout 2025, with some forecasts estimating it could reach up to $225,000 per coin.
    However, it’s important to note that the cryptocurrency market is highly volatile, and while current trends are positive, prices can fluctuate due to various factors. Therefore, while the outlook is optimistic, it’s advisable to stay informed and exercise caution when investing in cryptocurrencies.

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  6. Asked: 2 years agoIn: Cryptocurrency, Learn

    When xrp lawsuit end?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    The legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been ongoing since December 2020. In July 2023, a significant development occurred when a federal judge ruled that XRP, Ripple's digital asset, was not inherently a security. However, the court noted thatRead more

    The legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been ongoing since December 2020. In July 2023, a significant development occurred when a federal judge ruled that XRP, Ripple’s digital asset, was not inherently a security. However, the court noted that certain institutional sales of XRP could be considered securities transactions.

    In October 2024, the SEC announced it would drop its lawsuit against Ripple’s executives, Brad Garlinghouse and Chris Larsen.

    Despite this, the broader case between Ripple and the SEC remains unresolved. The SEC has filed an appeal challenging the previous court ruling, seeking to overturn the decision that favored Ripple. Notably, the SEC’s appeal did not introduce new arguments but reiterated prior points.

    The timeline for the conclusion of this lawsuit is influenced by several factors, including changes in SEC leadership. With the inauguration of President Donald Trump on January 20, 2025, and the anticipated resignation of SEC Chair Gary Gensler, there is speculation about a shift in the SEC’s approach to cryptocurrency regulation. Paul Atkins, a known cryptocurrency advocate, is expected to assume the role of SEC Chair. Legal experts suggest that under Atkins’ leadership, the SEC may opt to settle ongoing cases, including the one against Ripple, potentially leading to a resolution within the next few months.

    Attorney Jeremy Hogan has predicted that the Ripple vs. SEC case might be dismissed or settled by April or May 2025.

    However, it’s important to note that legal proceedings can be unpredictable, and these timelines are subject to change based on various factors, including court decisions and regulatory priorities.

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  7. Asked: 2 years agoIn: Cryptocurrency, Learn

    When crypto market will go up?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    As of January 20, 2025, the cryptocurrency market is experiencing significant activity, influenced by recent political developments in the United States. Notably, Bitcoin (BTC) reached an all-time high of $109,299.00 earlier today, currently trading at $104,608.00. Ethereum (ETH) is trading at $3,29Read more

    As of January 20, 2025, the cryptocurrency market is experiencing significant activity, influenced by recent political developments in the United States. Notably, Bitcoin (BTC) reached an all-time high of $109,299.00 earlier today, currently trading at $104,608.00.

    Ethereum (ETH) is trading at $3,299.33, with an intraday high of $3,452.70.

    XRP (XRP) has seen a notable increase, currently at $3.25, with an intraday high of $3.34.

    Additionally, new meme coins like $TRUMP and $MELANIA have emerged, with $TRUMP reaching a market capitalization of nearly $11 billion.

    When considering cryptocurrency investments, it’s essential to assess your risk tolerance and conduct thorough research. Established cryptocurrencies like Bitcoin and Ethereum offer relatively more stability, while newer tokens such as $TRUMP and $MELANIA carry higher volatility and risk. Always stay informed about market trends and consult financial advisors to align investments with your financial goals.

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  8. Asked: 2 years agoIn: Cryptocurrency, Learn

    Which cryptocurrency to buy now?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    As of January 20, 2025, the cryptocurrency market is experiencing significant activity, influenced by recent political developments in the United States. Notably, Bitcoin (BTC) reached an all-time high of $109,299.00 earlier today, currently trading at $104,608.00. Ethereum (ETH) is trading at $3,29Read more

    As of January 20, 2025, the cryptocurrency market is experiencing significant activity, influenced by recent political developments in the United States. Notably, Bitcoin (BTC) reached an all-time high of $109,299.00 earlier today, currently trading at $104,608.00.

    Ethereum (ETH) is trading at $3,299.33, with an intraday high of $3,452.70.

    XRP (XRP) has seen a notable increase, currently at $3.25, with an intraday high of $3.34.

    Additionally, new meme coins like $TRUMP and $MELANIA have emerged, with $TRUMP reaching a market capitalization of nearly $11 billion.

    When considering cryptocurrency investments, it’s essential to assess your risk tolerance and conduct thorough research. Established cryptocurrencies like Bitcoin and Ethereum offer relatively more stability, while newer tokens such as $TRUMP and $MELANIA carry higher volatility and risk. Always stay informed about market trends and consult financial advisors to align investments with your financial goals.

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  9. Asked: 2 years agoIn: Cryptocurrency, Learn

    When crypto bull run?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    The cryptocurrency market is currently experiencing a significant bull run. Bitcoin (BTC) has reached an all-time high, trading at $105,273. This surge is attributed to several factors, including the re-election of President Donald Trump, who has adopted a pro-cryptocurrency stance. His administratiRead more

    The cryptocurrency market is currently experiencing a significant bull run. Bitcoin (BTC) has reached an all-time high, trading at $105,273.

    This surge is attributed to several factors, including the re-election of President Donald Trump, who has adopted a pro-cryptocurrency stance. His administration plans to implement policies favorable to digital assets, such as establishing a U.S. crypto stockpile and appointing a crypto “czar.”

    Additionally, the launch of meme coins like $TRUMP and $MELANIA has further boosted market enthusiasm. The $TRUMP coin, for instance, reached a market value of $15 billion shortly after its introduction.

    Analysts predict that this bull run may continue into 2026, based on historical market cycles.

    However, it’s essential to remain cautious, as the market is known for its volatility. Staying informed and exercising prudent investment strategies are crucial during such periods.

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  10. Asked: 2 years agoIn: Cryptocurrency, Learn

    When crypto will go up?

    Cryptocurrency
    Cryptocurrency
    Added an answer about 9 months ago

    As of January 20, 2025, the cryptocurrency market is experiencing significant growth, influenced by recent political developments and market dynamics. Bitcoin's price has surged past $100,000, reaching an intraday high of $109,299. This increase is partly attributed to President Donald Trump's inaugRead more

    As of January 20, 2025, the cryptocurrency market is experiencing significant growth, influenced by recent political developments and market dynamics.

    Bitcoin’s price has surged past $100,000, reaching an intraday high of $109,299.

    This increase is partly attributed to President Donald Trump’s inauguration and his administration’s pro-cryptocurrency stance. President Trump has expressed intentions to support the cryptocurrency industry through potential executive orders, including establishing a U.S. crypto stockpile and implementing favorable regulations.

    Additionally, the cryptocurrency market is influenced by Bitcoin’s four-year halving cycle, which reduces the rate of new coin creation and historically leads to price increases. The most recent halving occurred in April 2024, contributing to the current bullish trend.

    Ethereum (ETH) is also experiencing growth, with a current price of $3,313.3. The broader market’s positive momentum and increasing institutional adoption are contributing factors.

    While the current outlook is optimistic, the cryptocurrency market remains volatile. It’s essential to stay informed about policy changes and market trends, as these can significantly impact asset values.

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