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Ethereum ETH

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$2,790.78 -4.0%
Market Cap
$328.45B (#2)
Supply
117.68M / 0.00
Description

The main goal of the Ethereum project is to become a global platform for decentralized applications which allows users from all across the globe to write and run software that is resistant to any censorship, downtimes, or fraud.

The main goal of the Ethereum project is to become a global platform for decentralized applications which allows users from all across the globe to write and run software that is resistant to any censorship, downtimes, or fraud.

Ethereum is a decentralized, as well as open-source blockchain system, which has a native cryptocurrency token behind it known as Ether or ETH.

ETH works as a platform for other cryptocurrencies, as well as for the execution of decentralized smart contracts. In fact, Ethereum was first introduced in 2013 through a whitepaper written by Vitalik Buterin, where he, alongside his co-founders, secured funding for the project in an online public crowd sale in 2014 and managed to launch the blockchain by July the 30th, 2015.

The ETH Token Explained

Ether (ETH) is the transactional token that is used to facilitate the operations within the Ethereum network.

The total number of tokens does not have an absolute cap, and it changes and grows consistently according to the demand it has. Contributors to the Ethereum blockchain can build more code in other contracts, and create smart contracts. Transactions on the Ethereum network as a result can contain executable code.

You can use Ether as a digital currency in financial transactions, as an investment, or as a store of value essentially.

Features of Ethereum

Ethereum as a platform can be used to create any arbitrary smart contract, such as smart contracts that represent digital assets known as Ethereum tokens.

Ethereum tokens are digital assets that are built on top of the Ethereum blockchain, where they benefit from Ethereum’s existing infrastructure and strengthen the ecosystem through driving their demand due to the fact that they are needed to power the smart contracts.

These Ethereum tokens can represent anything, from gold to currency used to pay for transaction fees, and could potentially even be used to represent stocks or bonds. They can have a fixed supply, a constant inflation rate, or even a supply determined through a sophisticated monetary policy. They can be used for paying to access a network, or even for decentralized governance over an organization.

Founders of Ethereum (ETH)

When it comes to the founders of Ethereum, we have:

Vitalik Buterin authored the original white paper and works on improving the platform to this very day, with prior experience in co-founding and writing for the Bitcoin Magazine news website.

Then you have Gavin Woods, who coded the first technical implementation of Ethereum in C++ and proposed the native programming language Solidity. He became the first chief technology officer of the Ethereum Foundation, but prior to this, worked as a research scientist at Microsoft.

We then have Anthony Di Lorio, who wrote the project throughout the early stages of development, as well as Charles Hoskinson, who established the Swiss-based Ethereum Foundation and the legal framework surrounding it.

The next person of interest is Mihai Alisie, who assisted in the establishment process of the Ethereum Foundation, and Joseph Lubin, who helped fund Ethereum throughout its early days of development and managed to also fund an incubator for a startup which was based on ETH known as ConsenSys.

Then we have Jeffrey Wilcke, who became a co-founder due to his programming contributions, and was working on MasterCoin when he discovered Ethereum for the very first time and currently works at his own game development studio known as Grid Games.

Last but not least we have Amir Chetrit, who helped co-found Ethereum, but unfortunately stepped away from it throughout its early development.

2. Price

$ETH / USD

2.1. Market Performance

How does Ethereum's (ETH) performance compare to assets of a similar market capitalization?

30 Day Return

-10.6%

ETH

-12.4%

Similar Market Cap

60 Day Return

21.7%

ETH

33.7%

Similar Market Cap

1 Year Return

694.3%

ETH

1,051.4%

Similar Market Cap

3. Developer Activity

We're monitoring 263 Ethereum Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Ethereum Repos)

Commits vs. The Market

  • Past 4 weeks: 1,080 commits vs. an average of 40
  • Past 12 weeks: 3,194 commits vs. an average of 144
  • Past year: 14,687 commits vs. an average of 980

Most Active Repos

Past week 104
Past 12 weeks 533
Past year 2330
Past week 135
Past 12 weeks 300
Past year 2079
Past week 55
Past 12 weeks 238
Past year 1770
Past week 49
Past 12 weeks 182
Past year 1090
Past week 31
Past 12 weeks 198
Past year 1055
Past week 95
Past 12 weeks 426
Past year 984
4. Social Activity
Reddit Subscribers 1M
Active Reddit Users (past 24h) 1,396
Telegram Users 0
Twitter followers 2M
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.ethereum.org/
Explorer https://etherscan.io/
Twitter @ethereum
reddit /r/ethereum
Forum https://ethereum.org/en/community/
Whitepaper https://github.com/ethereum/wiki/wiki/White-Paper
Yellowpaper https://ethereum.github.io/yellowpaper/paper.pdf
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