Cryptocurrency Market Capitalizations Ethereum

1Ethereum details

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).
2History

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 World News Ethereum & Bitcoin Blockchain News

  • Brave Browser Confirmed as HTC Exodus’ Default...
    by Jose Antonio Lanz on Dic 9, 2018 at 17:34

    HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of […]

  • It Is No Longer a Matter of ‘If’, But...
    by John P. Njui on Dic 9, 2018 at 14:53

    On the 7th of December, the popular American cryptocurrency exchange of Coinbase made an announcement that excited a lot of crypto enthusiasts as well as angering a few. The announcement was that the exchange was considering support for 31 additional digital assets on its platform. A few crypto […]

  • American Express Praises Ripple’s Capability to...
    by Jose Antonio Lanz on Dic 9, 2018 at 6:02

    Ripple is a fintech which focus on using blockchain technologies to facilitate financial operations via traditional means appears to be bearing positive results. Not only has XRP established itself as the most important altcoin in the global market cap, but the company and its services continue to […]

  • BSV User Films Himself Supposedly Double Spending...
    by Jose Antonio Lanz on Dic 9, 2018 at 4:03

    Bitcoin Cash SV (BSV), the altcoin born after the fork of Bitcoin Cash, seems not to be as secure as Craig Wright says as some hours ago a user reportedly was able to double spend his coins in a “0-conf transaction”. The double spend is an attack in which a user manages to spend their […]

  • Bitcoin Cash (BCH) Temporarily Overtakes BSV...
    by Nick Chong on Dic 9, 2018 at 2:29

    Gemini Adds Bitcoin Cash Support Starting today, users of the U.S.-regulated, Winklevoss Twins-headed Gemini platform will be able to deposit Bitcoin Cash (BCH), the chain backed by the ABC client. This development comes via an official statement from the New York-based company, issued through […]



ABOUT US:


FTADirect offers you the latest news on Bitcoin (BTC), Litecoin (LTC), Dash, Ripple (XRP), Ethereum (ETH), Monero (XMR), ZCash (ZEC) and more crypto values, blockchain and analysis on the future of money, from around the world.


FTADirect connects the global community with daily news dedicated to the world of cryptocurrencies.