-
Bitcoin $103,440.5079
-1.47% - Ethereum
$2,599.8293
-4.89% - Tether USDt
$1.0000
-0.01% - XRP
$2.5581
-1.58% - Solana
$177.1881
-3.82% - BNB
$652.6285
-2.72% - USDC
$0.9999
-0.01% - Dogecoin
$0.2341
-3.55% - Cardano
$0.7998
-4.86% - TRON
$0.2766
1.32% - Sui
$3.9225
-4.43% - Chainlink
$17.0202
-4.30% - Avalanche
$25.2064
-3.73% - Stellar
$0.3046
-4.14% - Shiba Inu
$0.0...01581
-4.62% - Hedera
$0.2072
-5.09% - Hyperliquid
$25.0243
-5.16% - Toncoin
$3.2646
-4.81% - UNUS SED LEO
$8.8104
1.16% - Bitcoin Cash
$403.7050
-2.86% - Polkadot
$5.0100
-4.87% - Litecoin
$100.1824
-4.46% - Pi
$0.9140
-23.46% - Monero
$342.3810
0.19% - Pepe
$0.0...01387
-7.73% - Bitget Token
$4.7282
-2.30% - Dai
$0.9998
-0.03% - Ethena USDe
$1.0005
-0.05% - Uniswap
$6.6089
-9.88% - Bittensor
$452.6068
-3.72%
how ethereum started
Ethereum, envisioned by Vitalik Buterin in 2013, has evolved from a whitepaper concept to a thriving ecosystem that powers a vast range of decentralized applications and transformative financial tools.
Oct 16, 2024 at 08:47 pm
- Conception and Whitepaper Release (2013)
- Vitalik Buterin, a young researcher, publishes a whitepaper outlining a new blockchain-based platform called Ethereum.
- Buterin envisions a platform that allows users to create and execute their own decentralized applications (dApps).
- Crowdsale and Launch (2014)
- Ethereum raises approximately $18.3 million in a crowdsale, selling the native cryptocurrency Ether (ETH).
- The Ethereum network goes live on July 30, 2015, with 72 million ETH initially circulated.
- Early Applications and Decentralized Finance (DeFi) (2017)
- Ethereum sees the development of various decentralized applications, including smart contracts, non-fungible tokens (NFTs), and decentralized exchanges (DEXs).
- DeFi, a financial ecosystem built on blockchain technology, emerges on Ethereum and gains popularity.
- The DAO Incident and Hard Fork (2016)
- The DAO, an Ethereum-based crowdfunding platform, is hacked and funds are lost.
- The Ethereum community engages in a contentious debate, resulting in a hard fork that creates Ethereum Classic (ETC) as a separate blockchain.
- Enterprise Adoption and Scaling Solutions (2018-2020)
- Ethereum begins to gain attention from enterprise organizations and corporations seeking blockchain solutions.
- Scaling solutions, such as Plasma and sharding, are introduced to address network congestion and scalability limitations.
- Ethereum 2.0 and Proof-of-Stake (2020-Present)
- Ethereum 2.0, a major update to the Ethereum protocol, is launched in phases.
- The upgrade transitions Ethereum from a Proof-of-Work consensus mechanism to Proof-of-Stake, reducing energy consumption and improving security.
- The Merge (2022)
- September 15, 2022, marks a significant milestone in Ethereum's history with "The Merge."
- The Merge successfully combines the Ethereum mainnet with the proof-of-stake Beacon Chain, finalizing the transition to Ethereum 2.0.
- Current Status and Future Prospects
- Ethereum remains the second-largest cryptocurrency by market capitalization and is widely used across decentralized applications, DeFi, NFTs, and other blockchain-based systems.
- The platform continues to undergo development, with ongoing improvements in scalability, security, and the overall Ethereum ecosystem.
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