As of September 2018, about 60 million ETH had been premined. Prior to the launch of Ethereum, a total of 72 million ETH was created, which included the 60 million ETH premine and 12 million ETH that was mined during the genesis block.
Of the 60 million ETH that was premined, 20% was sold to investors in a private sale, while the remaining 80% was retained by the Ethereum Foundation.
NOTE: WARNING: Ethereum’s premine is a complex topic and it is important to understand all the details before investing in or using Ethereum. Premined tokens are not fungible and may be subject to additional risks, such as malicious exploitation or regulatory action. Investing in premined tokens carries a high degree of risk and should only be done by experienced investors who understand the risks associated with premined tokens.
The purpose of the premine was to raise funds for the development of Ethereum and to distribute ETH to those who were interested in participating in its ecosystem. By selling only 20% of the total supply of ETH, it ensured that there would be enough demand for ETH to drive its price up after it launched on exchanges.
The decision to keep 80% of all ETH premined was controversial at the time, and still is today. Some believe that it centralizes too much power within the Ethereum Foundation, while others argue that it was necessary in order to get Ethereum off the ground.
At the end of the day, it’s impossible to know for sure how many ETH will be mined in total. However, based on the current rate of mining and the total supply of ETH that has been allocated for mining, it’s estimated that around 100 million ETH will be mined by the year 2020.
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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 order to achieve this, Ethereum uses a public blockchain similar to Bitcoin’s. However, Ethereum’s blockchain is much more versatile than Bitcoin’s, allowing it to run not only financial applications but also decentralized applications (dapps) with no third party involvement.
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 uses the cryptocurrency ether to fuel its transactions. Ether is mined by computers around the world and then traded on decentralized exchanges.
There are currently over 40 decentralized exchanges (DEX) available for trading Ethereum. The most popular Ethereum DEX is Uniswap, which accounts for over 60% of all ETH traded on DEXes. Other popular Ethereum DEXes include Kyber Network, Bancor, and Airswap.
As of September 2018, there are over 27,000 Ethereum nodes active around the world, with the vast majority of them (24,000) located in the US. The number of nodes is constantly increasing as more people begin to run them. Each node represents a single point of failure for the network and so the more nodes there are, the more resilient the network becomes.
Ethereum addresses are generated randomly and are composed of the following characters:
1. Lowercase letters a-z
2. Uppercase letters A-Z
3.
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 powered by Ether, a cryptocurrency that enables instant, peer-to-peer payments. Ether is traded on cryptocurrency exchanges and can also be used to purchase goods and services.
As of July 2018, there are a total of 102,112,496 ETH in circulation. This number is ever-changing and does not include any unclaimed ETH that may be lurking in wallets or smart contracts. To put this into perspective, let’s compare it to the world’s supply of gold.
As of July 2018, Ethereum has a market capitalization of over $41 billion, and its price has been as high as $1,422.53. Each ETH token is worth $744.86. There are currently 97,863,956 ETH in circulation, and the total supply is not expected to exceed 120,000,000 ETH.
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 order to run these applications, Ethereum utilizes a token called Ether. Ether is used to pay for gas, which is the fuel that powers the Ethereum network.
