Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a public blockchain-based platform that allows developers to build and deploy decentralized applications. Ethereum is one of the most popular platforms for Initial Coin Offerings (ICOs), with over 50% of ICOs using Ethereum to raise funds.
The native currency of the Ethereum blockchain is called Ether (ETH). ETH is used to pay transaction fees and computational services on the Ethereum network.
Ethereum was initially proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer and co-founder of Bitcoin Magazine. Buterin had proposed that Bitcoin needed a scripting language for application development.
Ethereum was crowdfunded during August 2014 by fans all around the world. It is developed and maintained by a Swiss non-profit, the Ethereum Foundation.
The first version of Ethereum, Frontier, was launched on July 30, 2015. The main net went live on 30th July 2015 with 72 million coins pre-mined for the crowdsale. Homestead, the second major version of Ethereum, was released on 14th March 2016.
NOTE: WARNING: The ownership of Ethereum is not clear and the answer to this question varies depending on the source. There are many individuals and organizations who have contributed to the development of Ethereum, but no one person or group can definitively be said to own it. As such, it is important to be cautious when researching this topic and verifying any information that is presented as fact.
Metropolis, the third major version is currently under development and is expected to be released in late 2018 or early 2019. The fourth major version (Serenity) will mark the final stage of Ethereum’s development roadmap and is currently scheduled for release in late 2019 or early 2020.
Ethereum has been described as a decentralized world computer that allows developers to build and run decentralized applications (dapps). Dapps are distributed applications that run on a decentralized network such as Ethereum.
They are similar to traditional apps but are built on top of a blockchain instead of a centralized server.
Dapps have many advantages over traditional apps including censorship resistance, trustlessness, and decentralization. These advantages come at the cost of increased complexity and slower performance.
The most popular dapps are built on top of Ethereum and allow users to interact with decentralized smart contracts. Popular dapps include CryptoKitties, Augur, and MakerDAO.
The owner of Ethereum is Vitalik Buterin, who created the platform in 2013.
10 Related Question Answers Found
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a public blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute peer-to-peer contracts using a currency called ether.
When it comes to cryptocurrency, Ethereum is the second most popular platform after Bitcoin. And like Bitcoin, Ethereum addresses are also pseudonymous, which means that the identity of the person or group behind an address is not revealed. So, who owns an Ethereum address?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The vision of Ethereum is to create a decentralized world computer that would replace many centralized services that we use today.
Vitalik Buterin is a Russian-Canadian programmer and writer primarily known for his work on Ethereum, an open source public blockchain platform. He is a co-founder of Ethereum and one of its lead developers. Buterin first became interested in blockchain and cryptocurrency technology in 2011 and he soon became involved in the Bitcoin community, co-founding Bitcoin Magazine in September 2011.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Vitalik Buterin is the creator of Ethereum, a decentralized platform that runs smart contracts. He first became interested in Bitcoin in 2011, and he co-founded Bitcoin Magazine in 2012. In 2013, he proposed the development of a new platform that would later become Ethereum.
Ethereum Classic is a decentralized network that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Ethereum Classic is a public, open-source, decentralized platform that runs smart contracts and allows anyone to build and run decentralized applications that run on blockchain technology.
In 2015, a group of developers launched the Ethereum Foundation in order to support the Ethereum protocol and network. The foundation is a non-profit organization with the mission of promoting and supporting Ethereum platform and base layer research, development, and education. The foundation has control over the Ethereum brand, website, social media accounts, and trademarks.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In 2014, a 19-year old Vitalik Buterin, who was already involved in the Bitcoin community, realized that Bitcoin needed a scripting language for application development. He proposed the creation of Ethereum to the core developers of Bitcoin, and they agreed.
