You can be sure about your success, if you serve as an example for others. It both concerns people and various projects in different spheres and fields. Bitcoin was the first crypto-currency, and it has become commercially successful, so not strange that many similar currencies have emerged on the waves of its success. Some of them are still staying up, without, however, really competing the “patriarch”, others have fallen into oblivion.
The same situation is now happening with Ethereum, which has become a new milestone in the world of blockchain and which hasn’t become a new Bitcoin clone. Lisk has appeared – a decentralized blockchain-based application, which has recently gathered by crowdfunding 14 thousand Bitcoins (around 6 million USD).
Platform release is announced in April, 11. Lisk creators are already cooperating with Microsoft, so that the application appeared in the cloud service Azura. Microsoft even have made the first step by integrating Lisk to its blockchain on Azura - as the service that provides the possibility to create, test, and run decentralized applications on the Lisk platform with the help of Azura, using the Microsoft computing power. In addition, Lisk is a strategic partner of Chain of Things laboratory, that checks whether the blockchain technology can be useful for the development of the safe decisions for the Internet of things.
So, the first follower of Ethereum has appeared and happened to gather support of authoritative players in the technological arena. It should help the Ethereum creators to stay in tonus and work on the constant improvement, not to be “swallowed” by more aggressive competitors.
During the 2015 year, many lances were broken in the network battles between followers and adversaries of the so called Bitcoin 2.0 protocol. We are talking about the unique cryptographic networks, created to support the functioning of the new crypto-currency. However, in the process of its development the technology has started to be used much more widely.
Bitcoin has appeared on the world market more than 7 years ago, and it constituted a unique code, that was distributed freely within the network and contained all changes and transactions of the mentioned crypto-currency from its very creation. Prefix “Bit” sent the users to the well-known torrent-tracker “Bit Torrent”, however, the new scheme worked with money instead of media-resources.
The main aim of Bitcoin was the total decentralization of the monetary system. Crypto-currency hasn’t had emission center. Consequently, it is impossible to manipulate. One cannot attach the account or break the server, where money is saved. The money transactions, still, can be fulfilled to the fullest extent.
In 2013 the first line of the Ethereum, the new payment system, code was written. The main goal of the new system creation was the widening of the Bitcoin functioning, so that it becomes as accessible, as possible. Ethereum is not exactly a payment system. The developers speak about it as an operating system with the social purpose.
It is interesting that Ethereum was developed by a young genius who hardly was 20 years old in 2013. The name of this skilled boy is Vitalik Buterin. He was born in Russia, but from the age of 6 lived in Canada with his parents, where he started his developments. Vitalik sees his calling in the rebuilding of the Internet network according to the principles of Bitcoin functioning.
Buterin is a typical modern genius, well, if one can say about geniuses as “typical”. In due time he became the winner of multiple math and programming competitions, and three years ago, he created a platform which will allow to develop Internet-projects by using the critically new principles.
With the help of Ethereum one will be able to rebuild any accounting process in the network on the principles of the existing and successfully developing Bitcoin model. Fundamentally, these are the unique network services which don’t need data storage. They are totally clear for carrying out any transactions. The most important is the fact that they are impossible to break. Except this, users can independently create a personal crypto-currency within the Ethereum system.