What are etherium and what does it have to do with you? What is smart contract programming? What does the future hold for thorium? These are just some of the many questions that are addressed in this new whitepaper by Vitalik Buterin, CEO of thorium, and Vitalik Buterin, Co-founder of thorium. In this concise report, I will outline some of the basics behind this revolutionary new token.
First of all, thorium is an open source, decentralized, global platform built on the backbone of software called “blockchain”. The word “blockchain” refers to the network of ledgers in which transactions are processed. Ethical, decentralized, global, and open-source are the two main attributes of an effectiveICO platform. Ethanol is the native currency of the system.
The ethereal project is in its earliest stages, but already people are talking about its uses as a general platform that can replace currencies and traditional businesses. What makes ether Mining so interesting is that it is building a sustainable, user friendly, and easy to useICO protocol, which is then being traded as a tradable token. Unlike otherICO platforms, ethmine is based on a “casper algorithm”. This algorithm is supposed to be superior to otherICO algorithms in that it provides miners with a practically risk free income. It is very different from otherICO’s because its distribution is not based on production and is completely based on demand.
One fascinating aspect of the project is that determine is being run by the founder of the project, Vitalik Buterin. There are several reasons why he feels comfortable doing this, including the fact that ether is very much needed today. Vitalik believes that there are many uses of blockchains, and he sees great potential in ether because it can make everybody’s life much simpler. By making everyone’s life easier, this will surely help with the rise of Vitalik’s project. Buterin is currently working as a PhD candidate at Stanford University, and he sees the future of this technology and its use as a platform for running software applications.
When you trade ethereal, you can expect to make some money in the short term because of its potential and because of its high demand. However, this is not the main appeal of ether. People who trade either for profit and long term make profits only when they understand how to trade eether effectively. The biggest attraction is its ability to run distributed applications that will make the world a better place in which to live.
The distributed application idea behind ether is very appealing to developers who want to build out business applications that can be traded across the internet. The main attraction of the software platform is not just that it is a profitable way to trade the ether, but that it is also easy to understand and use. The team behind the project, headed up by Vitalik Buterin, has taken the time to really figure out how to run the different applications that are needed to power the future of the internet. If you want to trade ether for profit and long term success, you owe it to yourself to learn more about what this project is all about.
