Connect with us

Ethereum

Top ethereum holders, ethereum rich list

Published

on

The top 10 ethereum token holders are or The ethereum richlist is as follows

An open source, decentralized platform running smart contracts, Ethereum was initially founded in July 2015. They aim to run applications precisely as programmed without the scope of any system failure, fraud, third party intrusion etc. Running on a custom built blockchain system, it provides users the services to create markets, store logs of liabilities and move capital in accordance with long given instructions. Ether, a cryptocurrency which can be transferred between accounts, is used to recompense mining nodes for mathematical calculations executed. Worked upon by a worldwide team of dedicated and passionate developers, Ethereum is developed for the Ethereum Foundation which is a Swiss non-profit organisation. It is supported by Linux, Windows, MacOS, POSIX, Raspbian operating systems. Ethereum aims to be sort of a world computer that would not just decentralise but also democratise the current client-server model. It is working on returning the control of the data in numerous services such as Google Docs, Google Sheets etc, to its owner.

The Ethereum wallet, the digital wallet designed for users on the Ethereum blockchain helps one hold and secure Ether and/or other crypto assets which have been built on Ethereum. Not only is it just a digital wallet, it also helps one write, station and use smart contracts. With a total of 5,000,000.00 token supply of Ethereum tokens and a collective total of 2539 token holders, the top 10 token holders account for a total of 4,847,030.06 tokens. This means that almost 96.94% of the total Ethereum tokens are being held by the top 10 holders of Ethereum tokens collectively. Only a small fraction of Ethereum holders i.e. 0.39% make up for the largest chunk of token holders. Ethereum addresses or the addresses of the token holders are composed of the prefix ‘0x’, concatenated with the rightmost 20 bytes of the big endian hash of the ECDSA public key. These addresses belong to token holders who usually like to hold on to these tokens long enough for the network value to take over the conjectural value.

The top 10 ethereum token holders are or The ethereum richlist is as follows:

Rank Address Balance
1 0x281055afc982d96fab65b3a49cac8b878184cb16 1,538,422.801690288194846506 Ether
2 0x6f46cf5569aefa1acc1009290c8e043747172d89 1,510,065.606605753037298732 Ether
3 0x90e63c3d53e0ea496845b7a03ec7548b70014a91 1,507,810.416658365151596003 Ether
4 0x53d284357ec70ce289d6d64134dfac8e511c8a3d 1,378,754.093067888911481302 Ether
5  0xab7c74abc0c4d48d1bdad5dcb26153fc8780f83e 1,000,000.011363125364129408 Ether
6 0xfe9e8709d3215310075d67e3ed32a380ccf451c8 923,964.658275323114330778 Ether
7 0xe853c56864a2ebe4576a807d26fdc4a0ada51919 | Kraken_3 801,159.261933372094865 Ether
8  0x9937dbb2128b55c44d8af7bf36fd76796a814cf4 | EOS-Owner 775,764.614011410664714104 Ether
9  0x61edcdf5bb737adffe5043706e7c5bb1f1a56eea 725,000.00001 Ether
10 0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 | Bittrex 676,216.020648665787404457 Ether

 

A belief mostly based upon the long term scaling solutions provided by Ethereum, it has now been put forward as a wide held belief that in the near future Ethereum would have one of the largest market cap. Ethereum’s transition from proof of work to proof of stake mining will result in a significantly lower environmental footprint.

 

Adoption

Fortnite using Cryptocurrency: ERC20, ERC721 and more, good or bad?

Published

on

Incorporation of ERC20 and ERC721 tokens by Fortnite would effectively enable the players around the world, to utilize the cryptocurrency realistically.

Estimating the probability of introduction of cryptocurrencies within Fortnite.

Cryptocurrencies have become an integral part of the gaming industry

Cryptocurrencies have been quite popular and are actively being incorporated in almost all the domain, which entails some or the other kind of financial asset. Interestingly, the cryptocurrencies are also a crucial part of the gaming community where they are utilized by the users, to buy or sell the commodities in the virtual world. Although developed to revolutionize the real world economy of the world, the cryptocurrencies don’t stay back, when it comes to their popularity amongst the gaming community. Even Satoshi Nakamoto wouldn’t have imagined the way cryptocurrencies are being incorporated these days, apart from the economic perspective.

 

It all started with the Ethereum network

Notably, with the discovery of the Ethereum Protocol, Vitalik Buterin opened tons of gates for the Developers, Gamers, Investors, Entrepreneurs, and various other people to utilize the blockchain based template and, specifically enable the developers to develop their custom cryptocurrency project based on the Ethereum blockchain. The ERC20 protocol is effectively being used by various Decentralised applications which were designed to trade the virtual assets with real monetary value.  

 

Some favorite games using Crypto tokens

Currently, there are a lot of games which incorporate the use of cryptocurrencies within them, and the users can play games to earn cryptocurrencies. Some of the most popular ones in the list are Ever Dragon, Crypto baseball, Cropbytes, etc. However, the trend got escalated when Cryptokitties became popular, as it had blocked the entire Ethereum network. Followed by which, all the strategy and game building genre of games incorporated cryptocurrencies especially the Ethereum’s ERC20 based protocol tokens.

 

The Ethereum community is concentrated towards developing their protocols

Ethereum was a pioneer in developing non-fungible tokens which are predominantly used by the gaming community. The network has even focused upon the development of advanced versions of ERC20 protocol and hence improved the ERC721 tokens. However, much lesser known ERC1155 protocol has also been developed by the Ethereum team. The fungible tokens in games like Cryptokitties are used to buy or sell various in-game assets.

 

Should Fortnite use cryptocurrencies?

Take one of the most popular games of the current generation, Fortnite for instance. With millions of players playing Fortnite at any point in time throughout the world, they always seem to be dealing with the in-game assets due to the way they are designed. Traditionally, the users need to utilize the in-game currency known as V bucks to purchase things. But there are practical problems of liquidity, fungibility, and ownership which persist in the game, which can effectively be solved by cryptocurrencies.

 

ERC20 & ERC721 Protocols

Incorporation of ERC20 and ERC721 tokens by Fortnite would effectively enable the players around the world, to utilize the cryptocurrency realistically. Currently, the business model of Epic Games, which owns Fortnite, is concentrated towards its profit, as it controls the scarcity of the costumes, skins, cosmetics, etc. in the game. The data analysts at Epic, observe the demand and supply of various commodities within the game and respectively change them.

 

Reasons point towards a downward probability of such initiatives

Therefore, the incorporation of ERC20 or ERC721 tokens, in Fortnite might take quite a lot of time as the business model of the company is at stake. Epic might even ban the users who use the in-game assets in the secondary market. There are also various reasons pointing towards the inefficiencies, by incorporating cryptocurrencies in Fortnite. First of all, the tokens are well suited for decentralized applications such as Cryptokitties, Decentraland, etc. and as Fortnite was not predominantly developed within this genre, it would be quite challenging, to incentivize the entire game with blockchain based currencies in the upcoming updates.

 

Future of cryptocurrencies if Fortnite considers it

But, if the developers are serious about introducing the Cryptos, within Fortnite, then it would invariably take the crypto community by storm, as the vast customer base from Fortnite, would also be made available for the Crypto world. The cryptocurrencies would gain access to a broader market of the audience through this initiative and are better for the democratization of the global economy towards a bright future.

Continue Reading

Blockchain Uses

Ethereum, EOS and TRON: A detailed comparison from a development perspective

Published

on

Understanding the differences in the development of smart contracts at technical levels for ethereum, eos and tron smart contracts and their coding.

Understanding the differences in the development of smart contracts at technical levels.

 

The smart contract based Crypto projects are ruling currently

Many cryptocurrencies have flourished based on their respective use cases, but some of the cryptocurrencies projects have chosen similar use cases, but with a slight difference between each other. Therefore, it has become highly challenging for the investors and the usual community members to choose one among them for all the Crypto operations. When it comes to Decentralized applications and smart contracts, Ethereum, EOS, and Tron are the three names which invariably crosses by, our mind. Most of them assume that all the three projects are based on the Smart Contracts development and Decentralized Applications, but there is a thin line between them.

 

Ethereum is like a parent to Tron and EOS

The precise difference between EOS and Ethereum network is that the former one is well known for its implementation of the protocol in its own way, and is regarded to be more efficient than the Ethereum.  However, the Tron blockchain doesn’t seem to concentrate to overtake EOS or Ethereum but has its own set of use cases which the blockchain project is working upon, since its inception. The main aim of the Tron Blockchain is very different. Interestingly, soon after the announcement of EOS and Tron, their tokens were ERC20 powered, but none of them were satisfied with the blockchain protocol and launched their mainnet soon.

 

Differences in the consensus mechanism

The Tron Blockchain looks forward to a futuristic web interface by the incorporation of the blockchain technology, whereas EOS on the other hand, looks forward to trading any asset with some inherent value in an easy and efficient manner. The Ethereum Blockchain strives for the democratization of the Smart Contract and Decentralised applications. However, technically the consensus algorithm of the EOS blockchain platform revolves around 21 dedicated delegates which take part in the confirmation of blocks and when it comes to Ethereum, it is far more decentralized than EOS. Lastly, one of the largest so-called, operating system or the Tron blockchain platform, incorporates a mechanism where 21 supernodes manage the entire ecosystem, who are indirectly elected by the TRX token holders.

 

Programming languages required for the development of smart contracts

When it comes to the developmental perspectives, the EOS blockchain platform requires C++, as a programming language in order to enable the developers to develop smart contracts on this particular blockchain platform. On similar lines, when we consider Ethereum, the blockchain platform requires usage of a relative newer programming language, called Solidity. The Tron blockchain platform is predominantly developed using the Java programming language.

 

Below are some of the code snippets from the GitHub repository of the respective blockchain platforms.  

 

1. Ethereum

func CompileSolidityString(solc, source string) (map[string]*Contract, error) {
if len(source) == 0 {
return nil, errors.New(“solc: empty source string”)
}
s, err := SolidityVersion(solc)
if err != nil {
return nil, err
}
args := append(s.makeArgs(), “–“)
cmd := exec.Command(s.Path, append(args, “-“)…)
cmd.Stdin = strings.NewReader(source)
return s.run(cmd, source)
}


2. EOS

int main( int argc, char** argv ) {
  setlocale(LC_ALL, “”);
  bindtextdomain(locale_domain, locale_path);
  textdomain(locale_domain);
  context = eosio::client::http::create_http_context();
  wallet_url = default_wallet_url;

 

3. TRON

public SolidityNode(Manager dbManager, Args cfgArgs) {
   this.dbManager = dbManager;
   this.cfgArgs = cfgArgs;
   lastSolidityBlockNum = dbManager.getDynamicPropertiesStore().getLatestSolidifiedBlockNum();
   ID.set(lastSolidityBlockNum);
   databaseGrpcClient = new DatabaseGrpcClient(cfgArgs.getTrustNodeAddr());
   remoteLastSolidityBlockNum = getLastSolidityBlockNum();
 }

 

The pros and cons of utilizing C++ over the other programming languages

The programming languages of the respective blockchain projects can be recognized from the above snippets. when comes to the development and perspective Solidity is an easier programming language when compared to C++ or Java. It must be understood by the developers that C++ enables the developers with a lot more low (hardware) level privileges which may not be possible in case of Solidity. It effectively monitors or gives access for garbage collector which is not the case for Solidity. Effective memory management is one of the key characteristics that a developer must keep in mind, prior to developing smart contracts in any of the above-mentioned blockchain platforms.

 

Disclaimer

According to cryptocurrency experts, it has also been estimated that the technologies and programming language paradigms applied currently, might become obsolete within 6 months or even a year, as the blockchain advancements are undertaking at very rapid paces. Therefore, the developers must always be ready to update themselves with respect to smart contract development.

Continue Reading

#Blockonix

Blockonix releases its updated roadmap, might shift its dApp to EOS or Tron

Published

on

Decentralized ethereum exchange Blockonix announced its new roadmap today mentioning about its plans to shift to other dApp platforms like EOS or TRON.

Decentralized ethereum exchange Blockonix announced its new roadmap today mentioning about its plans to shift to other fast and cheap dApp platform like EOS or TRON.

Blockonix Exchange currently runs on the ethereum network blockchain and lets the users trade Ethereum and Ethereum based tokens in a decentralized environment without the involvement of any third party.

The article posted by Blockonix reads:

The team is researching blockchains such as EOS, TRON, STRATIS, CARDANO and some others where the main point of concern is the adoption of the particular blockchain by users across the world.

 

roadmap

 

Blockonix roadmap as published here.

0% earning for Blockonix: Complete Decentralization

The Blockonix Exchange is one of a kind decentralized exchange which has every function from token listing to trading; on the blockchain, the company owns no wallet or functions of the exchange. Not only this, but the company works on a revenue-free model with all the fee earned through trading and listing of new tokens burnt automatically every day through an Ethereum Smart Contract. Apart from this Blockonix offers a tremendous amount of discount (70%) if the user pays the trading fees in BDT Tokens (The native token of the Exchange).

Continue Reading
Advertisement blockonix.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 6472.78642002
  • ETH
    Ethereum(ETH) 204.060696006
  • BCH
    Bitcoin Cash(BCH) 440.891204612
  • EOS
    EOS(EOS) 5.3646711487
  • LTC
    Litecoin(LTC) 53.0441161595
  • ADA
    Cardano(ADA) 0.076102718
  • TRX
    TRON(TRX) 0.0240882284
  • DASH
    Dash(DASH) 154.747891326
  • XEM
    NEM(XEM) 0.0942817737

Trending