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 World News Ethereum & Bitcoin Blockchain News
Enigma (ENG) Rallies by 20% After Intel...
by John P. Njui on June 21, 2018 at 9:16
Only yesterday, June 20th, the founder and CEO of Enigma (ENG), Guy Zyskind, made an announcement via medium that Enigma was partnering with Intel. The partnership will focus on research and development efforts to advance the development of privacy preserving computational technologies. Enigma will […]
IOSToken (IOST), Ethereum Classic (ETC) and NANO...
by John P. Njui on June 21, 2018 at 8:30
The cryptocurrency markets are showing some signs of much needed life following the Bithumb hack that rocked the crypto-verse early Wednesday morning. Many crypto traders noted that Bitcoin (BTC) managed to hold its own this time round during the hack. The King of Crypto only decreased in value by […]
Ripple Price Analysis: XRP/USD Hesitates, But...
by Aayush Jindal on June 21, 2018 at 8:30
Ripple price is holding the $0.5200 and $0.5050 support levels well very against the US Dollar. XRP/USD may perhaps move past the $0.5640 barrier for more gains. Key Talking Points Ripple price is struggling to move above the $0.5600 and $0.5640 resistance levels against the US Dollar. There is a […]
Ethereum (ETH) Price Analysis: Ready for a Rising...
by Rachel Lee on June 21, 2018 at 6:43
Ethereum formed higher lows and slightly higher highs to create a rising wedge formation on the 1-hour time frame. The post Ethereum (ETH) Price Analysis: Ready for a Rising Wedge Break? appeared first on Ethereum World News. […]
Bitcoin (BTC) Price Analysis: Slow and Steady...
by Rachel Lee on June 21, 2018 at 6:31
Bitcoin formed higher lows and higher highs to create an ascending trend channel on its 1-hour time frame. The post Bitcoin (BTC) Price Analysis: Slow and Steady Climb appeared first on Ethereum World News. […]