Ethereum Storage Network Swarm Enters Next Test Phase 04/11/2017 01:41 pm

Swarm, the decentralized storage branch of the ethereum network, will be launching its third proof-of-concept soon.

In an interview with CoinDesk, swarm lead developer Viktor Tron said the proof-of-concept will be launching after ethereum's flagship developer conference Devcon3, going on now.

Tron emphasized how this work fits into the wider vision for ethereum, since the proof-of-concept will be fully compatible with the Geth client and the Whisper messaging protocol, bringing ethereum one step closer to its "holy trinity" vision, where three systems provide a complete alternative to the World Wide Web.

This third proof-of-concept gets swarm closer to the ethereum mainnet, which is expected for the spring or summer of 2018 with the launch of a fourth proof-of-concept.



Currently, the swarm team is completely rewriting the network layer, synchronization and retrievability, and connectivity layer and chunk synchronization, according to Tron.

Swarm should function much like Dropbox – providing the ability for platform users to store content and create and share folders – within this proof-of-concept, although the platform will be resistant to censorship.

Ethereum Hard Forks23/10/2017 09:02 am

Coinzs Explains The Coming Ethereum Hard Forks


The Ethereum people group alongside digital currency devotees and cryptomarket players are foreseeing a noteworthy redesign of the Ethereum organize called Metropolis. It will incorporate 2 sections, 2 hard forks: Byzantium, which is relied upon to occur at square 4.37 million on October seventeenth, 2017, and Constantinople, the date for which is yet to be declared.

We at Coinzs have been getting a considerable measure of inquiries concerning the coming hard fork, which is the reason we chose to answer them in a unique article. We trust it will enable our clients to comprehend the progressions the Ethereum arrange is experiencing somewhat better.

What is a hard fork?

A hard fork when all is said in done is a critical change connected to a blockchain convention that approves the beforehand invalid pieces/exchanges (or a different way), all hubs/clients to move up to the most recent rendition of the convention programming. Basically, it's an extremely effective approach to redesign the system and influence it more to secure.

For Ethereum, it won't be the main hard fork: the system has experienced 5 of them including the notable DAO hard fork bringing about the chain split and the rising of Ethereum Classic coin.

Why is Ethereum going for a hard fork?

The city is yet another period of Ethereum's change from the first Proof-of-Work (PoW) to the inevitable Proof-of-Stake (PoS) idea that will be at long last actualized later on Serenity arrange redesign.

PoW implies that creating pieces, handling exchanges and delivering new ETH are construct exclusively with respect to the computational energy of the equipment utilized by mineworkers. With PoS, organize clients can procure rewards as per adjust, not the intense mining gear they have. PoS is relied upon to enhance adaptability, add to decentralization and help diminish vitality utilization. Be that as it may, it's as yet far to go.

Will the hard fork result in the chain split and Will I get new coins after Byzantium/Constantinople?

Not every single hard fork brings about part the blockchain and making yet another money. On the off chance that that would have been the situation, we'd have 5 diverse Ethereum-based coins at this point. Up until now, there are just two of them, Ethereum and Ethereum Classic, and it is impossible that number will expand at any point in the near future.

The reason ETC was conceived was a greater amount of an ideological nature than of a mechanical issue. With Metropolis, there's no difference inside the group; there's for all intents and purposes no way a noteworthy piece of Ethereum clients will choose to adhere to the old blockchain convention, so no new coin is relied upon to show up subsequently.

What advantages will the hard fork bring?

Byzantium will present 9 out of the 11 Ethereum Improvement Proposals (EIPs) that Metropolis brings. The other two, EIP 86 and EIP 96, are required to show up in Constantinople.

Real advantages of Byzantium incorporate the accompanying:

– Privacy expanded with zk-SNARKS (Zero Knowledge Proofs)

That is essentially the protection highlight of ZCash connected to Ethereum. The beneficiary will have the capacity to approve an exchange without uncovering any urgent data about its substance. Exchanges with zk-SNARKs will request a larger number of gas than the standard ones; be that as it may, when protection is in question, many will pay additional for it.

– Smart contracts made more secure

With another element, static contract calls, a brilliant contract will have the capacity to call another agreement without enabling the last to change its condition or to wind up noticeably a need. It will altogether decrease security chances that once brought about the notorious DAO hack.

– Mining rewards chop down

Right now, the piece remunerate is 5 ETH, which will be diminished to 3 ETH after the hard fork. That is the initial phase during the time spent moving from Proof-of-Work to Proof-of-Stake.

– The trouble bomb delayed

In the meantime, the progress to Proof-of-Stake won't be a moment, so mineworkers will have sufficient energy to adjust. The trouble bomb (or the Ice Age) is the system that makes mining ETH harder with the slip by of time. It will be delayed for an additional year and a half and will in all probability be actualized amid another hard fork.

Do I need to do anything earlier or amid the hard fork?

In the first place, you don't have to do anything, for example, redesign your wallet application, empower additional verification, and so on. Every one of the updates will be done on Ethereum's end and upheld by our designers. That is the reason on the off chance that you get a message from somebody asserting to speak to Coinzs with a connection to guarantee your new coins, refresh your application or anything of the kind, please overlook it. There are a ton of con artists who go after crypto holders, and hard forks are the high circumstances for their assaults.


The coming Byzantium hard fork and in addition Metropolis update inside and out will begin the change from PoW to PoS, which should make the Ethereum arrange less subject to mineworkers and additionally inviting to financial specialists and standard clients. Coinzs will be watchful for the updates to impart to our clients, as usual.

Ethereum Price Technical Analysis30/08/2017 08:41 am

Ethereum Price Technical Analysis – ETH/USD Uptrend Intact
Posted on 6:00 am August 29, 2017
Author Aayush JindalCategories Altcoins, Analysis, Ethereum Analysis, Opinion, Trading

Ethereum price is set to gain bullish pace against the US Dollar against Bitcoin. ETH/USD might soon break higher towards the $355 level.
Ethereum Price Technical Analysis ETH USD

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Key Highlights
ETH price recovered from the $333.0 low against the US Dollar and heading for further gains.
Yesterday’s highlighted a solid connecting bullish trend line with current support at $338 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact.
The pair is likely to break the $349.05 high for a move towards the $352-353 levels.
Ethereum price is set to gain bullish pace against the US Dollar against Bitcoin. ETH/USD might soon break higher towards the $355 level.

Ethereum Price Buy Dips

There was a minor dip in ETH price towards the $333.00 level yesterday against the US Dollar. Later, the price was able to recover and moved above the 50% Fib retracement level of the last decline from the $349.05 high to $333.01 low. It is a positive sign and could take the price further higher towards $349.00 or even above it. The current market sentiment is positive above $344 with back to back bullish candles.

Recently, the price broke the 76.4% Fib retracement level of the last decline from the $349.05 high to $333.01 low. Therefore, it is likely to break the $349.05 high and trade further higher. On the downside, yesterdays highlighted a solid connecting bullish trend line with current support at $338 on the hourly chart of ETH/USD is acting as a strong support. The next upside target could be the 1.236 extension of the last decline from the $349.05 high to $333.01 low at $352.84.

Ethereum Price Technical Analysis ETH USD

On the downside, an initial support is near $342. However, the most important support is around the trend line at $338. Buying dips in the short term towards $340 can be considered with a stop below the trend line or $335.

Hourly MACD – The MACD is back in the bullish zone.

Hourly RSI – The RSI is moving higher and remains well above the 50 level.

Major Support Level – $3338

Major Resistance Level – $352.80


Charts courtesy – SimpleFX

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Latest News14/08/2017 12:15 am

Ethereum Price Can Reach $2,000 If This Happens

When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln. Although this is significantly higher than today, an eight-time increase, it is still relatively small if we compare it to the market capitalization of a company like Facebook, $492 bln.

Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark.

Raiden network

Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment, this isn’t enough.

The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second.

Additionally, it will allow decreasing transaction cost by seven orders of magnitude, making true micro-transactions on Ethereum a reality.

News14/08/2017 12:11 am

On the other hand, the ETH/BTC pair was seen correcting lower from the 0.090BTC resistance and it may soon test the 0.085BTC support area.

Let’s start with the 2-hour chart of ETH/USD, which is pointing to an important support area near $300.00. There are two bullish trendlines positioned on the downside at $295.00-300.00. These trendlines are holding the current bullish trend above $275.00.

A break below $295.00 would be very tough as the short-to-medium term picture is modestly positive. It will take a break below $295.00 to confirm a bearish bias, with $284.00 and $275.00 as the next supports.

To the topside, there is a connecting bearish trendline with resistance at $306.00. Buyers need to push Ether’s price above that mark in order to challenge this month’s high of $314.58. Above the mentioned $314.58, the next resistance comes at $328.00.