Symbol ETH
Established 30.07.2015
Website URL Link
Block explorer Link
Off. announcement​ Link
Founder Vitalik Buterin
Algorithm Dagger-Hashimoto
Protocol POW
Reviews 0 / 0

Ethereum was proposed by a 19-year old Canadian programmer of Russian descent, Vitalik Buterin, in late 2013 and in 2014 he described it as "A Next-Generation Cryptocurrency and Decentralized Application Platform."

Ethereum has been the center of attention of JPMorgan Chase, Microsoft, and IBM. They see this platform as an “improved version of Bitcoin” or “Bitcoin 2.0”. According to many experts, Ethereum’s success was caused by technical difficulties in bitcoin transaction processing and discord among members of the bitcoin community. Because of this, many investors and businesses decided to switch to other cryptocurrencies.

Just like Bitcoin, Ethereum is based on a public blockchain, but offers something more: programmable transaction functionality, called “smart contracts”. “Smart contacts” are electronic algorithms which describe sets of conditions that trigger changes in the real world or digital systems. Thus, many kinds of contractual relationships can be partially of fully executed all by themselves. For example, insurance payments, tax payments, salary payments and bookmaker payouts.

By the way, the Ethereum platform can be used by anyone who wants to launch their own cryptocurrency. It is useful for startups, bonus programs and so on. In order to do that, you do not have to be a programmer.


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    By Juxter ( 90.138.17.* ) 2020-03-01 09:07 0 Comments Add a Comment

News and Tweets

Below you can find news and recent tweets related to this cryptocurrency, obtained from various sources.

Mike Novogratz Predicts Key Bitcoin ($BTC) and Ethereum ($ETH) Levels to Watchout For

bitcoinwarrior, Thursday, September 23, 2021 11:09 AM

TA: Ethereum Reclaims $3K, Why ETH Could Rally To $3,400

newsbtc, Thursday, September 23, 2021 5:08 AM

As Ethereum Price Suffers, JPMorgan Strategist Hits The Asset With A 55% Lower Valuation

newsbtc, Wednesday, September 22, 2021 5:00 PM

$2,800 Is an Important Level for Ethereum, Says Mike Novogratz, Wednesday, September 22, 2021 8:35 AM

TA: Ethereum Topside Bias Vulnerable If It Struggles Below $3K

newsbtc, Wednesday, September 22, 2021 5:08 AM

Defi Hack: Vee Finance Looses more than $35M in Bitcoin ($BTC) and Ethereum ($ETH)

bitcoinwarrior, Wednesday, September 22, 2021 4:27 AM

Should you invest in Ethereum in September of 2021?

bitcoinwarrior, Wednesday, September 22, 2021 12:26 AM