Ethereum technology and generating new business possibilities throughout the globe.</p>\n<p>In other words, it is a global industry that focuses on ways to drive the use of Ethereum blockchain technology as an open standard to empower different organizations.&nbsp;</p>\n<p>The members include:</p>\n<ul>\n<li>JPMorgan Chase</li>\n<li>Microsoft</li>\n<li>Intel</li>\n<li>Accenture</li>\n<li><strong>EY&nbsp;</strong></li>\n<li>BP</li>\n</ul>\n<p><em>The alliance is based in the U.S. and has offices in Japan, China, and France.</em></p>\n<p>Furthermore, the Enterprise Ethereum Alliance arose as a result of the dispersion of efforts to make Ethereum accessible, secure, and interoperable. It develops, maintains, and promotes industry standards, protocols, and a framework for Ethereum blockchain technology that is able to manage practical applications and utilization.</p>\n<p>Members of the alliance have created a forum where they may exchange their knowledge and work to ensure the wide adoption of Ethereum by mainstream actors.</p>\n<p>The EEA's functioning is based on four major factors - knowing business rules, developing quality requirements to fulfill these necessities, advancing with the public Ethereum blockchain, and attaining worldwide compatibility through certification processes.</p>\n<p>In addition, blockchain offers the ability to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-tokenize/">tokenize several assets as well as <strong>real-world products</strong>. For instance, university degrees could be tokenized as a way of ensuring that there will be no fraud. Health records could also use additional security.</p>\n<p>However, Ethereum technology is still in its initial phases and will have to face numerous legal and functional challenges before it can be used for business operations.</p>\n<p>Despite this, engineers are currently working on adjusting and upgrading this blockchain as well as transforming it into a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">proof-of-stake network. This could refer that the network could manage a bigger amount of transactions per second than at the moment.</p>\n<p>Besides, the Enterprise Ethereum Alliance (EEA), which was founded in February 2017, gathers up a diverse group of organizations, technology suppliers, academia, and Ethereum content specialists to collaborate on Ethereum as an enterprise-grade platform.</p>","level":"medium","meta_title":"What is Enterprise Ethereum Alliance (EEA)? Definition & Meaning | Crypto Wiki","meta_description":"Enterprise Ethereum Alliance (EEA) meaning: Enterprise Ethereum Alliance (EEA) - EEA is a crowd of businesses and organizations that collaborate on upgrading the Ethereum network.","meta_keywords":null,"language":"en","created_at":"2022-03-10T14:10:34.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-enterprise-ethereum-alliance-eea"},"prevSection":{"id":312,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Emission?","slug":"what-is-emission","section":"E","keyword":"Emission","status":"published","definition":"Emissions are related to the rate at which new coins are released.","content":"<p>Some cryptocurrencies do not have a fixed rate of emission, implying that additional units might be generated on demand. <strong>Tether <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoin, for illustration, is produced anytime $1 is placed in the balance.</strong></p>\n<p>Speaking of <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, a new block is included in its blockchain every 10 minutes. In regards to that, when the cryptocurrency was initially released, miners were given rewards with <strong>50BTC</strong> for each block that was validated.</p>\n<p>This showcases that the emission rate of BTC was about 7,200 a day.</p>\n<p>Besides, a succession of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-halving/">halving occurrences have accelerated over the recent years, implying that in May 2020, the quantity of new Bitcoins joining the environment has fallen significantly, standing at only 6.25 BTC.</p>\n<p>It will be the year 2140 when the very last Bitcoin will be mined. <strong>This is because Bitcoin contains a limited quantity of 21 million coins and a system of distribution dates.</strong> In that regard, there is no proof that any emissions will continue infinitely.</p>","level":"easy","meta_title":"What is Emission? Definition & Meaning | Crypto Wiki","meta_description":"Emission meaning: Emission - Emissions are related to the rate at which new coins are released.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:56:39.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-emission"},"currentChapter":"E","currentSection":"what-is-erasure-encoding","chapterTitle":"E","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-erasure-encoding","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">