Since the launch of Ethereum, there has been a lot of talk about how it could potentially disrupt the way we interact with the internet. One area that has been particularly interesting is the potential for Ethereum to provide a decentralized platform for web applications (dApps).
While there are already a number of dApps built on Ethereum, one that has received a lot of attention recently is called CryptoSprouts (CSPR).
CryptoSprouts is a decentralized application that allows users to earn rewards for sprouting crypto assets. The way it works is that users can stake their crypto assets in the CSPR smart contract, and then earn rewards based on the amount of time they keep their stake locked up.
NOTE: WARNING: CSPR tokens are not available on the Ethereum network. There is a fake website that claims to offer CSPR tokens on the Ethereum network, but this is not true. Investing in this website or any CSPR tokens may result in financial loss. Do your own research before investing in any cryptocurrency project to ensure you are dealing with a legitimate and reputable company.
The longer you stake your assets, the more rewards you earn.
The CSPR team is currently working on adding support for more assets, as well as integrating with popular exchanges so that users can easily convert their rewards into other crypto assets or fiat currencies.
So far, CryptoSprouts has been very well received by the Ethereum community, and it seems like it has a lot of potential to become a popular dApp on the platform. only time will tell if it will be able to achieve this though.
10 Related Question Answers Found
IPFS on Ethereum? The Interplanetary File System (IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files. IPFS has been gaining traction as a way to store data on the blockchain, and Ethereum is one of the first platforms to offer native support for IPFS.
No, XDC is not an Ethereum. XDC is its own blockchain platform with its own native token, XDC. While both platforms are decentralized and allow for the development of dapps, they differ in their consensus mechanisms, features, and Target use cases.
IMX Ethereum is a public, decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is similar to Bitcoin in that it is a decentralized digital currency. However, Ethereum goes beyond being just a digital currency.
IPFS is a new protocol that aims to improve upon the current methods of handling data on the internet. One of the key ways it seeks to improve things is by decentralizing data storage and retrieval. With IPFS, instead of data being stored on a single server (or a group of servers), it is stored on a network of computers all around the world.
IPFS is a new peer-to-peer hypermedia protocol that could make the web faster, safer, and more open. If fully adopted, it could help reduce web censorship and increase users’ privacy and security. IPFS is not an Ethereum.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In order to run on the Ethereum platform, an application needs to be “tokenized” using a cryptocurrency called Ether. Tokenization is the process of converting something into a digital token that can be stored on the Ethereum blockchain.
Microsoft is one of the most influential companies in the world. They are also one of the most secretive. So when they announced a partnership with Ethereum development studio ConsenSys, the crypto community was understandably excited.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
As of July 21, 2016, Ethereum Classic (ETC) is now available to trade on Coinbase! This is HUGE news for the Ethereum community. Coinbase is one of the most popular and well-known exchanges in the world, and this listing will make it much easier for people to buy and sell ETC.
IPFS (Interplanetary File System) is a protocol and network designed to create a decentralized file system. It is a content-addressed, peer-to-peer hypermedia distribution protocol. IPFS is built on top of the existing infrastructure of the Internet and leverages the power of cryptography to provide security and integrity.
