Ethereum Introduction
Diksia.com - Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, ether. ETH is the native currency of the Ethereum platform and is used to pay for transactions and services on the network.
Ethereum also allows users to create and run decentralized applications (dApps) on its platform. Ethereum was created in 2015 by Vitalik Buterin and is one of the most popular blockchain platforms in the world.
It has been used to create a wide variety of dApps, including decentralized finance (DeFi) applications, games, and social media platforms.
This article will provide an overview of Ethereum, including its history, features, and potential applications. It will also discuss the challenges that Ethereum faces and the future of the platform.
Ethereum Details
| Symbol | ETH |
|---|---|
| Release Date | July 30, 2015 |
| Founder | Vitalik Buterin |
| Consensus Mechanism | Proof-of-Stake (transitioning from Proof-of-Work) |
| Maximum Supply | No maximum supply |
| Current Circulating Supply | Approximately 117 million ETH |
| Market Cap | Check current market data on coin marketcap.com |
| Trading Volume | Check current market data on coin marketcap.com |
What is Ethereum?
Ethereum is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts. It was introduced by Vitalik Buterin in 2015 and has since gained significant popularity in the cryptocurrency world.
Unlike Bitcoin, which primarily serves as a digital currency, Ethereum offers a programmable environment that enables developers to build and deploy decentralized applications (DApps) and decentralized finance (DeFi) protocols on its blockchain.
It operates on its native cryptocurrency called Ether (ETH), which serves as both a digital currency and a means to fuel transactions within the network.
Who Are the Founders of Ethereum?
Ethereum was conceptualized and developed by Vitalik Buterin, a prominent figure in the blockchain space.
