Cryptocurrency Market Capitalizations Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).
Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed development of a new platform with a more general scripting language.
At the time of public announcement in January 2014, the core Ethereum team was Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson. Formal development of the Ethereum software project began in early 2014 through a Swiss company, Ethereum Switzerland GmbH (EthSuisse). Subsequently, a Swiss non-profit foundation, the Ethereum Foundation (Stiftung Ethereum), was created as well. Development was funded by an online public crowdsale during July–August 2014, with the participants buying the Ethereum value token (ether) with another digital currency, bitcoin. While there was early praise for the technical innovations of Ethereum, questions were also raised about its security and scalability.
Ethereum Blog Promoting a free, decentralized and open future
Geth 1.8 – Iceberg¹
by Péter Szilágyi on February 14, 2018 at 13:45
After waaay too much time under development, we’re proud to finally announce version 1.8.0 of the Go Ethereum client: Iceberg! The release fixes a lot of pain points felt by the community and ships a few notable new features, tallying up to ~170 modifications! Please note, this release […]
Farewell and Welcome
by Ethereum Team on January 31, 2018 at 20:10
It is with sadness that we announce that Ming Chan, who has served as Executive Director at the Ethereum Foundation for nearly three years, is leaving the Foundation. Since her arrival in 2015, she has played a critical role in the development and success of the Foundation. We will miss the […]
To Infinity and Beyond!
by Ming Chan on January 31, 2018 at 18:27
Dear Ethereum community (and wonderful Etherheads!), Today, January 31, 2018, is my last day as Executive Director of the Ethereum Foundation. I’m pleased to have been able to guide the Foundation as ED with my fellow directors, team leads, and outstanding group of team members, each of whom […]
Ethereum scalability research and development...
by Vitalik Buterin on January 2, 2018 at 15:42
The Ethereum community, key developers and researchers and others have always recognized scalability as perhaps the single most important key technical challenge that needs to be solved in order for blockchain applications to reach mass adoption. Blockchain scalability is difficult primarily […]
by Ethereum Team on January 2, 2018 at 13:27
Ethereum has grown very rapidly in the last few months. Transaction volume on the blockchain has more than doubled, surpassing 10 transactions per second for days at a time. The number of new accounts created per day passed 100,000, and the number of nodes has increased despite rising system […]