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, Ethereum founders Vitalik Buterin, Gavin Wood and Jeffrey Wilcke started work on a next-generation blockchain that had the ambitions to implement a general, fully trustless smart contract platform.
Ethereum is often described as a digital currency but here’s something important to keep in mind: Ethereum is much more than that. Yes, there is a cryptocurrency called Ether (ETH) that powers the network but Ethereum is so much more than just a digital currency.
The best way to describe Ethereum is probably “a programmable blockchain”. Blockchain is the underlying technology that powers Bitcoin and other cryptocurrencies.
Ethereum takes this one step further by allowing developers to build decentralized applications on top of it.
These apps are often called DApps (decentralized apps). They are similar to regular apps but they run on a decentralized network (Ethereum) instead of being centrally hosted like most regular apps.
DApps have many advantages over traditional apps. They are censorship resistant, meaning no government or company can block them.
They are also incredibly difficult to hack because there is no centralized point of attack.
The most popular DApp built on Ethereum is probably CryptoKitties. It’s a digital collectible game where you can buy, sell, and breed digital cats.
It sounds silly but it highlights one of the most powerful aspects of Ethereum: the ability to create completely new types of applications that couldn’t exist before blockchain technology.
ETHEREUM PRICE HISTORY
Ethereum’s price history is very volatile but overall, it has been on a steady upward trend since its launch in 2015. Here’s a look at Ethereum’s price history since it launched in 2015 (Note: all prices are in US dollars):
NOTE: Warning: Investing in Ethereum coins (or any other digital currency) can be highly speculative and volatile. Before investing, it is important to research the cryptocurrency thoroughly, including its current and future value. Additionally, be aware of the risks associated with investing in digital currencies such as fraud, money laundering and cybersecurity threats. If you choose to invest in Ethereum coins or any other digital currency, do so cautiously and only after understanding the risks involved.
July 2015: $0.311
December 2016: $7.52
March 2017: $25
June 2017: $407
September 2017: $290
January 2018: $1,417
June 2018: $520
September 2018: $199
December 2018 :$85
March 2019 :$140
The current price of Ethereum (ETH) is $199 and its market capitalization is $20,973,058,072 making it the 2nd largest cryptocurrency by market cap after Bitcoin. Its all time high was $1,417 reached in January 2018.
10 Related Question Answers Found
As of September 2019, the price of one Ethereum coin is about $198. This value is subject to change and fluctuation, as Ethereum, like all cryptocurrencies, is not backed by any physical asset or government. The value of Ethereum is instead determined by market factors, such as supply and demand.
Ethereum is a public, open-source, decentralized platform that runs smart contracts on a blockchain. Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. As of January 2021, Ethereum was trading at around $1,200.
Ethereum Cash is a new cryptocurrency that has been gaining popularity lately. It is similar to Ethereum in many ways, but it also has some unique features that make it different. One of the biggest differences is that Ethereum Cash is a fork of Ethereum, meaning that it is based on the same code but with some changes.
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 still in its early stages and is not as widely used as Bitcoin. However, Ethereum has the potential to grow much larger than Bitcoin.
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 platform for decentralized applications. It is powered by Ether, a crypto token that is used to pay for gas, a unit of computation used in 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. Ether, the native cryptocurrency of Ethereum, is mined through a Proof of Work (PoW) consensus algorithm (like Bitcoin). Miners are rewarded based on their share of work done, rather than their share of the total number of blocks mined.
When it comes to Ethereum, shares are everything. They represent a part of the network that you own and can use to earn a passive income. So, how much is an Ethereum share worth?
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, Ethereum founder Vitalik Buterin proposed that Ethereum could be used to build “decentralized applications” (dapps). Dapps are open source and run on a blockchain, usually Ethereum’s, with each dapp having its own token.
Ethereum founder Vitalik Buterin is worth approximately $130 million. This figure comes from a variety of sources, including Buterin’s own statements, public records, and estimates from those in the know. Buterin’s net worth is derived primarily from his holdings of ether, the native cryptocurrency of the Ethereum network.
In order to understand how much a Ethereum coin is worth, one must first understand what Ethereum is. 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 the Ethereum protocol and blockchain there is a price for each operation.
