Ethereum ETH

1. Summary

Fundamental Rank

100

Developer Rank

100

Social Rank

100

Coinrank

100

Buy

Binance Coinbase

Earn

BlockFi

Price

$1,994.35 +1.2%

Market Cap

$234.56B (#2)

Supply

116.40M / 0

Tags

Smart Contract Platform

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.

Ethereum is a decentralized, as well as open-source blockchain system, which has a native...

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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.