Ethereum is a public blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum was proposed in 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.
The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). The value of the ETH token was initially $0.
30 after the split and rose to $14 by early 2018.
Ethereum has been used in a variety of pilot projects and proof-of-concepts, mostly in the area of finance. These have included projects such as Augur, MakerDAO, Compound (finance), Gnosis prediction market, dYdX margin trading platform, Set protocol, Melonport asset management service, OmiseGO decentralized exchange and payment service, Bancor decentralized liquidity network, Status decentralized messaging app with light wallet functionality, WeTrust decentralized banking platform, uPort decentralized identity management platform, Blockcat decentralized application hosting platform, Civic identity verification tool and Metal music distribution platform using blockchain technology to achieve trustless royalty payments.
There are currently over 2,000 decentralized applications (or “dapps”) built on Ethereum. Several notable examples are listed below.
NOTE: WARNING: The future of Ethereum in 2025 is highly speculative and unpredictable. Investing in Ethereum or other virtual currencies carries a high degree of risk and may result in the loss of all your capital. Before making any investment decisions, please do your own thorough research and seek independent financial advice if necessary.
The first stablecoin on Ethereum was launched in July 2018 – USD Coin (USDC) is an ERC20 token issued by Circle and backed 1:1 by US dollars held in reserve. In September 2018, there were over 50 stablecoins available on Ethereum.
In May 2019 Facebook announced their plans to launch a stablecoin called Libra on a permissioned blockchain that will be backed by a basket of assets including fiat currencies and government securities. Calibra, Facebook’s digital wallet for Libra will be available on Messenger and WhatsApp with plans to expand to other platforms in the future.
Libra is scheduled to launch in 2020.
As of September 2019, Ethereum’s network is estimated to process around 15 transactions per second. In comparison Bitcoin’s network can process around 7 transactions per second and Visa’s network can process around 24000 transactions per second.
On 18 June 2016 at 13:24:28 UTC+2 Vitalik Buterin burned 48660 ETH (equivalent to $60 million at that time) sending them to a black hole address “0x00…” creating an irretrievable state resulting in permanent loss of ETH preventing their further use or double spending as part of an experiment meant to discourage hoarding or excessive accumulation of ETH tokens which according to Buterin could lead to centralization pressures over time due to the difficulty individuals would have participating in consensus if they didn’t own a large amount of ETH.”.
What will Ethereum be in 2025?
This is impossible to predict, but it is possible that Ethereum will still be around in 2025. It has a lot of potential and it has already made significant progress since it was first created in 2015.
7 Related Question Answers Found
What is Ethereum? 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 how the Internet was supposed to work.
In 2025, Ethereum will cost whatever the market demands. When Bitcoin first started trading in 2009, it was worth less than a penny. In 2010, it rose to $0.08.
When it comes to cryptocurrency, there is no shortage of speculation about what the future may hold. So, what will Ethereum Cash be worth in 2025? Ethereum Cash is a fork of the Ethereum blockchain.
It’s impossible to predict the future price of any asset, let alone a highly volatile one like Ethereum. However, there are a few factors that could affect its price in 2025. Ethereum’s price is directly affected by the demand for its native token, ether.
It’s impossible to predict the future price of any asset, let alone Ethereum. However, if we take a look at the past performance of Ethereum and other cryptocurrencies, we can get an idea of where the price might be in 2025. In 2017, Ethereum’s price surged from $8 to over $1,400 in just a few months.
It’s impossible to make an accurate prediction for what price Ethereum will reach in 2025. However, we can look at the various factors that will affect its price and come up with a range of possible values. The first factor to consider is the supply of Ethereum.
It is impossible to predict the future value of a cryptocurrency with any degree of accuracy. However, Ethereum Classic has a number of characteristics that could make it a successful investment in the long term. Ethereum Classic is a fork of the Ethereum blockchain.