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Meta Description: If you have ever wondered how ether coin compares to bitcoin or what is ethereum, you will want to read this informative article. Here you will learn all about the only legitimate challenger to Bitcoin’s dominance in the cryptocurrency game, and how Ethereum stands poised to overtake the digital “gold standard.”

Title Tag: Bitcoin vs Ethereum Revealed | Resulta

Keywords: what is ethereum, ether coin, bitcoin vs ethereum

Ethereum – The Altcoin Challenger With the Heart To Excel

Shortly after the creation of Bitcoin in 2008, entrepreneurs and digital enthusiasts quickly began to see the benefits of creating other digital currency platforms. Bitcoin’s revolutionary use of blockchain ledger technology to verify transactions made it unique, but it was not wholly free of design flaws.

Those participating in the digital money arena refer to all digital money tokens that are not bitcoin collectively as “altcoin.” As other platforms sprang up, developers attempted to build on what was good about Bitcoin’s open-source foundation while correcting some of its perceived imperfections.

Bitcoin was the first successful digital currency, and its head start gave it a wide margin of dominance. The altcoins that have enjoyed a measure of success typically follow the pattern of the Bitcoin platform primarily by sticking to the blockchain as the defining element. However, many of these newcomers have introduced significant improvements in speed, security and other areas to the cryptocurrency arena.

As the first viable cryptocurrency, Bitcoin’s prominence in the marketplace was safe from the churning field of upstarts. The currency’s market share, overall value and perceived viability outranked all other cyber coinage by a factor of lightyears.

Experts considered Bitcoin’s position untouchable until an altcoin dubbed Ethereum launched in 2015. Its aggressive growth has led some to predict that it will eventually be able to overtake Bitcoin as the number one cryptocurrency.

What Is Ethereum?

In 2011, a 17-year-old programmer named Vitalik Buterin became actively involved in the burgeoning cryptocurrency scene by co-founding a magazine dedicated to Bitcoin. His study of blockchain led him to expand his ideas of the possibility of the new technology. He incorporated his ideas into a white paper he authored in 2013.

His idea for a blockchain platform that could handle transactions other than just currency trades became the basis for Ethereum. After managing to raise sufficient funds through crowdsourcing, Buterin and a group of co-founders officially launched the first version of Ethereum in 2015.

Ethereum’s creators sought to solve the problem Bitcoin developers had scaling the platform to different applications. Bitcoin is a specific use of the concept of blockchain to trade digital money. By generalizing the digital ledger concept, Buterin and Ethereum’s other creators designed a way to incorporate blockchain in a multitude of distributed uses where a need for verifiable transactions exist.

In its brief history, Ethereum has experienced many of the same problems that most digital currencies go through. Security weaknesses led to a $50 million theft, a hard fork occurred due to a lack of trust among developers and the product has endured wild price variations. However, a 13,000 percent rate of growth quickly propelled Ethereum into Bitcoin’s previously unapproachable territory.

Enter the Ether

When first introduced to Ethereum, many people confuse the platform with the exchange tokens, which bear the name “Ether.” The Ether coin is the driving force behind the blockchain-based platform named Ethereum.

The feature of Ethereum that puts it on top in a Bitcoin vs Ethereum contest is that it is a programmable software platform. Bitcoin is an application for trading a specific currency (i.e., bitcoin). Ethereum, on the other hand, is a network that secures itself from adulteration through a digital asset called Ether.

Humans can use Ether as a digital form of money to trade for goods and services. The more revolutionary aspect of the platform, however, is the ability of non-humans to exchange Ether autonomously.

The concept of Ethereum originated with an effort to create a platform that could execute different forms of transactions without human interaction. The use of digital entities capable of performing the mundane tasks of routine operations can potentially free up humans for more demanding tasks. Ethereum has the potential to become the defacto standard for creating these types of machines.

Developers have visualized a new form of economy based on autonomous trading by non-humans. One primary component of this new form of market is the entrance of the smart contract.

The Innovation Sparking a New Way of Doing Business

The name “smart contract” refers to a legal agreement that is written into computer language and made available on a distributed network. The use of blockchain to render the code unalterable ensures involved parties receive fair treatment without the need for a mediator to regulate and enforce the process.

The designers of Ethereum gave the platform the inherent ability to handle the development of smart contracts. Because Ethereum has this ability, it is becoming an essential tool for creators of this fascinating new financial and legal concept.

Security is a primary concern for the full adoption of smart contracts. As developers continue to make progress plugging any remaining holes in the idea to mitigate any risks fully, proponents are busily conceptualizing uses for the technology.

Smart contract promoters plan to use the digital transaction tools for a variety of situations. Financial services of all types, legal processes, the credit and insurance industries, to name just a few, will never be the same again. No one is sure of all the ways smart contracts will affect daily life, but most agree that the change will be dramatic and far-reaching

Gambling With Ether

Many users prefer using digital currency for online gambling mainly for the convenience. The added benefit is that if you are lucky, you can rack up a bundle of your favorite cryptocurrency. Bitcoin is definitely still the king of the online gambling sites, but Ether coins are gaining in popularity.

Many online gambling sites are now accepting Ether for placing bets. Its rapid growth as an alternative to Bitcoin captured many people’s attention and set the medium in the spotlight. To garner some of that market, many online casinos and betting establishments developed systems that accept Ether.

One significant advantage of Ether over Bitcoin is the speed at which transactions occur. Your online gambling winnings will be available to you quicker when using Ether coins. Tens of minutes is a typical wait time for a Bitcoin verification while Ethereum’s lean format completes the task in tens of seconds.

For specific gambling applications such as poker, for example, it is probably still best to convert your existing Ether coins to bitcoin to play. Ether is gaining acceptance in the online gambling community, and it is only a matter of time until all sites accept this viable digital coinage.

Meta Description: If you have wanted to know more about Bitcoin history, and how this fascinating new concept is changing everything, this is the place to learn all about the king of the cryptocurrencies. This article takes an in-depth look at Bitcoin and the implications of abandoning fiat currency model in favor of digital money.

Title Tag: A Bitcoin History Primer | Resulta

Keywords: bitcoin history, bitcoin value history, bitcoin complete history

Bitcoin – An Idea Whose Time Has Come

Most people in 2019 have undoubtedly heard the term “bitcoin,” but remarkably, many people still have not had any direct dealings with the virtual currency. Experts in the field of what is called cryptocurrency sometimes refer to Bitcoin as the “gold standard.” It earned that name because it was the first digital money to catch on with the public. The news media seems to love covering its rollercoaster exchange rates. Aficionados of virtual money revel each other with epic stories of millions won – and lost – in the volatile crypto landscape.

Bitcoin history originates from a 2008 white paper posted to an online cryptography mailing list. Penned by a mysterious figure going by the name of Satoshi Nakamoto, the treatise outlined the concept of blockchain and sparked a paradigm shift in the way people will forever think about money. No one is sure who Satoshi is or what group the name might represent. One thing is clear; the timing was right for the introduction of a secure way to create digital money.

Blockchain, a procedure that uses advanced cryptography algorithms to verify monetary transactions, eliminates the need for an overseeing third party to make the deal. Governments, banks and other financial administrators get cut out of the loop, thus saving the traders from having to give them a portion of the proceeds. With the public growing more distrustful of government fiat currencies and resentful of financial go-betweens in general, the idea of an independent method of trade validation begins to catch on widely.

Bitcoin is beginning its second decade now, and by all estimates, it isn’t going away anytime soon. While it is unlikely that you receive your paycheck, pay your bills and go shopping using bitcoin, that may be your reality someday. The concept of digital money is planted firmly in the collective imagination, and average citizens are starting to understand its advantages over government-backed money.

Two Very Special Pizzas

In 2010, the early days of Bitcoin, a Florida man decided he would like the luxury of having some pizza brought to his house. He didn’t want to cook or order pizza. He just wanted someone to bring him two large pizzas, so he didn’t have to think about having to prepare anything for the next couple of days. No big deal, right? Well, what made this request special was that he offered to pay anyone willing to fulfill his request with bitcoins – 10,000 of them to be precise!

That may seem like a lot to pay just for having someone bring you dinner, but back then 10,000 bitcoins were worth a little over $40. So, it seemed like a fair offer. He posted his request on a Bitcoin discussion group, and someone took him up on it. The provider picked up two large Papa John’s pizzas, brought them to the requester’s house. He then, as promised transferred 10,000 bitcoin to his account for his trouble.

What makes this story remarkable in the scope of bitcoin value history is what happened next. The value of bitcoin shot up on a meteoric ride that still hasn’t ended. Every year on the anniversary of this first transaction, May 22, digital currency followers celebrate the historic deal by calculating the current value of the two pizzas. As of Bitcoin Pizza Day 2019, the amount of the two pizzas was $80 million.

As astonishing as that figure sounds, the value a few years ago surpassed $100 million. No one thinks any less of the man who made this ridiculously bad deal on what hopefully was some tasty pizza. In reality, fans of Bitcoin honor him as a pioneer in helping to realize the dream of using a digital currency like traditional money. Cryptocurrency advocates will remember Bitcoin Pizza Day as the moment in history when government fiat currency’s grip on the world first began to crumble.

Bitcoin’s Explosive Growth Period

The Bitcoin Pizza Day story illustrates the rapid value increase the digital coinage experienced. Holders of bitcoins became millionaires just from the increase in the currency’s value. Experts estimate the number of Bitcoin millionaires to being in the tens of thousands.

In January 2011, bitcoins were worth about 30 cents each. The price had jumped to $31.91 for a brief time by June of that year. The spike was followed by a dip back down to $4.72 by the end of 2011. This up-and-down trend continued throughout the years.

Unlike government-regulated traditional currencies, Bitcoin is a peer-to-peer entity and rises and falls solely at the whim of market forces. The value of individual bitcoins is tied to supply, demand and competition from other cryptocurrencies, collectively known as “altcoin.”

As people began to become aware of the existence of Bitcoin, the demand for the limited number of bitcoins in circulation began to grow. Bitcoin had a significant head start on other viable digital currencies, so their growth was slower. As more altcoins sprang up, they were able to make a showing against Bitcoin. To date, none have even approached the trade volume, name recognition or total value of the original cyber coin.

As a look at the launch date of some current viable altcoins shows, most came on the scene after Bitcoin had already established market dominance.

• Litecoin (LTC) 2011
• Ripple (XRP) 2012
• Monero (XMR) 2014
• Dash (DASH) 2014
• NEO (NEO) 2014
• Ethereum (ETH) 2015
• Zcash (ZEC) 2016
• Bitcoin Cash (BCH) 2017
• Cardano (ADA) 2017
• EOS (EOS) 2018

The crypto market is relatively young, and the technology that drives it is still in its infancy. Even the experts do not fully understand all of the wild swings in value. Some have claimed maleficent influencers are manipulating the market while others do not give much credence to these theories. One thing is for sure; future Bitcoin values are difficult if not impossible to predict with a sure measure of accuracy.

The Fall

In 2017, Bitcoin prices started an extreme fluctuation period. In November, the price of a bitcoin climbed to $10,000 then, a day later, it was at $11,000. This trend continued until the price peak on December 17 when the value hit $19,783 per bitcoin (that’s over $100 million for the two pizzas, by the way).

After the excitement of the astronomical rise, the reality seemed to set in, and the currency began a long downhill slide. February of the following year saw the price down to $10,074 representing an almost $10K loss per bitcoin in only two months. By June, the value was down to $6,166. In February of 2019, a single bitcoin would set you back $3,887. When you do the math, you see an almost $16,000 decrease in value per bitcoin in just a little over a year.

When Bitcoin set its record at the end of 2017, financial experts began warning of a cryptocurrency “bubble.” The frenzied trading in bitcoins was a market fad they warned, and the inevitable “burst” was about to happen. No one is sure what caused the crash. Understanding the behavior of crypto markets is an evolving science, but some say the rapid rise was due to FOMO (Fear of Missing Out). Most advisors warn investors not to rely on rapid growth for wealth development. Slow and diversified is still the preferred strategy.

The Bounce

Bitcoin’s value started rapidly declining after the December 2017 highpoint. In a long series of dives and climbs resembling a staircase on a graph, the currency continued a downward trend throughout 2018. Price swings of 20, 30 or 40% in a month were not uncommon during this time.

From August of 2018 until February of 2019, the currency steadily declined from just over $7,500 to barely under $3,500. Then, without much solid explanation from the experts, the price of Bitcoin began to climb steadily. Currently, the price of a single bitcoin seems to be hovering around the $10,000 mark. Experts predict that 10K represents the new baseline for Bitcoin. However, only time will tell.

The continuously changing nature of the cryptocurrency market makes values impossible to predict. Since the crypto market is technology-driven, no one knows what new developments are just around the corner. New software or hardware designs could render current systems obsolete overnight. When developers of a cryptocurrency disagree about how to operate a platform, more upheaval can result.

One offshoot of the volatile years for Bitcoin was a hard fork to create Bitcoin Cash. The split resulted when users of the Bitcoin began to see investors using it primarily as a tool instead of what its creators intended, a form of currency. These types of contentious splits, or hard forks, cause unpredictable results in both the newly formed digital money and the existing one.

The Wave of the Future

The unpredictability of Bitcoin and altcoins is legendary. Fortunes have been gained and lost in the short bitcoin complete history so far. However, the proverbial genie is now out of the bottle. Individuals worldwide have had a glimpse of how genuinely free economies could operate. The concept seems to be catching on as more and more people are getting in the cryptocurrency wagon.

Don’t get too carried away though. Governments will still likely exert some control over the new form of money. In the US, the IRS has stated that they will view cryptocurrency holdings as taxable property. Other governments have taken steps to make sure that digital currencies are not being used to avoid taxes are otherwise break the law. Centralized currency doesn’t seem to want to die off quietly, but the invention of peer-to-peer money is definitely a game changer in the world of financial markets.

Nonetheless, a world where impartial, trusted algorithms govern financial transactions seems to be the preference of a growing number of people and institutions. Blockchain as a concept is growing in its own right, and leaders from a broad spectrum of industries are finding uses for this innovative technology.

Bitcoin, as the forerunner of all successful digital coinage, is in a unique position of continued success. Its resilience, in spite of massive fluctuations, helps to build the platform’s solidity. It was the first to market and has enjoyed a steady overall rate of growth year after year. Undeniably, Bitcoin has helped to solidify the idea of digital currency in the mind of the public. For these reasons, Bitcoin will likely remain the “gold standard” of digital currency for some time to come.

Meta Description: Short Deck Poker has seen a rise in popularity as it’s tweaking of deck size makes for much more cutthroat and unpredictable games. Before giving the variant a try, you need to know Short Deck Poker rules and strategies that will let you know when to hold, fold, and walk away!

Title Tag: Learning Short Deck Poker –

The Lowdown on Short Deck Poker

Chess might be the game of kings, but Poker has held the top spot in the hearts of competitors for generations. Considered a true battle of wit, skill and deception, everyone from cowboys to CEOs has elevated it to a tabletop sport recognized the world over.

Unfortunately, its popularity has had a negative impact on the game. Where once Texas Hold ‘Em was the most played variant, its luster has dulled with age. The game has become too predictable, and since bets and calls seem to occur at predicted intervals the game has fallen out of favor as the exciting spectacle it once was.

Enter Short Deck Poker, a new spin on an old classic that is drawing players back to the felt in droves. With a few simple tweaks, Poker is returning with a vengeance, and whether you’re looking to follow the sport or grab a seat at the table, you’ve got to know what it’s all about.

What Is Short Deck Poker

A standard deck consists of 52 cards: four suits with nine numbered, three faced and one Ace each. For a variety of games, this expected amount works perfectly and is so ubiquitous that games have been developed to utilize it for literally hundreds of years.

Randomness within a fixed deck of cards makes any game one of chance, and when chance is involved gambling is never far away. As such, Poker is one of the games most associated with casinos, gambling halls and saloons. And when the stakes are high, everyone comes to the table for a chance to ogle or for a turn at the pot.

Texas Hold ‘Em is a variant dating back to the early 20th century and is the most commonly viewed form of Poker today. Instead of every player having their own individual hands of five cards, each player is only dealt two and share a common, always visible group of cards revealed in phases called the flop, turn, and river.

As the game develops, more cards are added to this communal set and players work with those and their own two to create a single five-card hand. Since their competition can see the community cards as well, they have to guess what other contenders have leading to the traditional, and increasingly predictable, betting and calling scenarios until the player with the highest hand is revealed.

Things are very similar with Short Deck Poker rules, but with one major change. Instead of playing with a standard 52-card deck, the game is structured around a smaller, “short” deck with a number of cards removed. Smaller numbered cards are dumped, specifically the twos, threes, fours and fives, leaving you with a deck of 36 cards, with the lowest being sixes (aside from the Ace, which can be low or high).

A smaller deck makes a big difference, especially when considering hand rankings. Since almost half of the numbered cards are gone, lower ranking hands disappear. The value of card sets like straights, flushes and three of a kinds change dramatically and competition becomes much more cutthroat.

It’s All in the Hands

While many players believe a lot of Poker revolves around luck, true enthusiasts understand it’s all about statistics. With a smaller pool to draw from, Short Deck Poker hand rankings need to be shuffled around from the standard Texas Hold ‘Em order to compensate.

Hands in Poker involve matching certain certain cards together. If you have two, three or four of a kind, you’re holding the same value cards in different suits. A flush occurs when your hand is filled with cards of the same suit. Straights are a series of card values in order, and if they are all of the same suit as well you’ve got a straight flush (or a Royal Flush if they are all face cards, an Ace and a ten).

With a 52-card deck, hands rank from highest to lowest based on value:

• Royal Flush
• Straight Flush
• Quads (four of a kind)
• Full House
• Flush
• Straight
• 3 of a kind
• Two pair
• A single pair
• High card

This hierarchy is based on the probability you will draw certain hands (or have them appear in the community hand). Having all cards of the same suit and in order is much less likely than having a pair of tens, and is valued much higher. Your opponent can still fold if they believe you have a higher ranked hand, making the bluff a very valuable tool.

Hand rankings for the Short Deck variant are retooled, especially in the middle where the loss of 16 cards has much more of an impact:

• Royal Flush
• Straight Flush
• Quads (four of a kind)
• Flush
• Full House
• 3 of a kind
• Straight
• Two pair
• A Single Pair
• High card

This is perhaps the most important difference between the standard and short deck games. If you don’t have the hand rankings correct, there’s little chance you’ll come out on top. Players don’t have to worry about holding a measly pair of twos, but if they bet on a Full House thinking it will beat a Flush, they’ll soon find it’s time to walk away.

Flushed With Strategy

Probabilities being what they are, an excellent Short Deck Poker strategy can be built from starting draws much more easily than with the 52-card variety. Removing 16 cards drops opening hand possibilities from over 1,300 to 630, almost half of what it was. This lets you set up bluffs and bets much more strategically from the offset.

For example, the increased value of flushes makes playing an off-set hand very risky. Doubles and triples lose their allure, unless you’ve got a pocket pair squirreled away calling for a more aggressive strategy. In addition, chasing a straight can leave you with a dead draw (or no way to win) because they inevitably rank lower than a flush.

Knowing your outs is the best way to estimate your current chances of winning.  A player holding a Jack and an Ace with a flop of a Queen, Six and a 10 has eight outs (or eight possible hidden cards that can offer a leading hand) counting four Kings and four Nines. In traditional Hold ‘Em, there are 47 cards hidden from the player from that 52-card deck.

Since Short Decks have less cards, the player will instead have 31 unseen cards, offering a chance of 8-in-31 (about 26%) versus 8-in-47 (about 17%) to get needed cards on the turn. This has developed into the Rule of 3 and 6, which states that if you multiply your outs by 3 at the turn and 6 at the turn and river, you get an excellent estimation of your chances.

Poker has evolved over time to become much more competitive and less predictable. By working with a deck with an unusual layout percentages dramatically shift, making the game much more unpredictable as a whole. Take some time and experiment with this new varient before hitting the high-stakes tables yourself, or you might find the dealer isn’t the only one playing with a short deck!