What is Ethereum?

What is Ethereum?

ID: 604498

Free service that allows generating a QR code for your Ethereum address.

(firmenpresse) - If you want to know what exactly is Ethereum, how it works, and what it might be used for, without the need of going deep in to the technical abyss, this guide is great for you.



Ethereum can be a worldwide, decentralized platform for money and new sorts of applications. On Ethereum, you are able to create code that controls money, and develop applications accessible anywhere within the world.



What exactly is Ethereum?

Beyond Bitcoin and initially generation decentralized applications



Although commonly linked with Bitcoin, blockchain technology has lots of other applications that go way beyond digital currencies. In reality, Bitcoin is only one of quite a few hundred applications that use blockchain technologies today.



Until relatively lately, building blockchain applications has essential a complicated background in coding, cryptography, mathematics and significant resources. But occasions have changed. Previously unimagined applications, from electronic voting and digitally recorded property assets to regulatory compliance and trading are now actively being developed and deployed quicker than ever prior to. By delivering developers together with the tools to make decentralized applications, Ethereum is producing all of this feasible.



Key Highlights



November 2013: Vitalik Buterin publishes the Ethereum whitepaper.



January 2014: The development in the Ethereum platform was publicly announced. The original Ethereum development team consisted of Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson.



August 2014: Ethereum ends their ICO and raises $18.4 million.



Could 2015: “Olympic” the Ethereum testnet releases.



July 30, 2015: The very first stage of Ethereum’s development, “Frontier” was released.






March 14, 2016: Homestead, the first “stable” Ethereum release, went out on block 1,150,000.



June 2016: The DAO hack happens and also the $50 million worth of Ether, which was 15% on the total Ether in circulation back at the time.



October 25, 2016: Ethereum Classic forks away in the original Ethereum protocol.



October 16, 2017: The Metropolis Byzantium hardfork update happens.



February 28, 2019: The Metropolis Constantinople hardfork update takes place.



At its simplest, Ethereum is an open software platform based on blockchain technologies that enables developers to create and deploy decentralized applications.

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Datum: 26.12.2019 - 18:17 Uhr
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