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.
By design, dapps are intended to avoid the problems associated with traditional centralized applications:
– Censorship: Dapps are decentralized and therefore no single entity can take them down.
– Fraud: Dapps run on a blockchain, which is inherently resistant to fraud.
– Security: Dapps are built on Ethereum’s decentralized platform, which makes them more secure than centralized applications.
NOTE: This warning note is to inform potential investors that the value of Ethereum coins can fluctuate rapidly. The amount of an Ethereum coin will depend on the current market conditions and is likely to change quickly. It is important to do your own research and understand the risks associated with investing in cryptocurrency. Investing in any cryptocurrency carries a high degree of risk and you should only invest what you can afford to lose.
The use of dapps is growing in popularity, with over 2,000 dapps currently available. Many of these dapps are built on Ethereum’s blockchain and use its native token, Ether (ETH).
ETH is the second-largest cryptocurrency by market capitalization and is used to power the Ethereum network. ETH is also used as a form of payment for transaction fees and for deploying and running smart contracts on the Ethereum network.
The price of ETH has seen a lot of volatility in recent years. In 2017, the price of ETH surged from around $8 to over $1,400 in just a few months.
This was followed by a sharp decline in 2018, with the price falling back below $200. 2019 was a more stable year for ETH, with the price hovering around the $200-$300 range.
As of January 2020, the price of ETH is around $130-$140. This is still well below its all-time high, but the cryptocurrency market as a whole has been on the rise in recent months and it is possible that ETH will reach new highs in 2020.
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The value of Ethereum has fluctuated wildly in its short history. At its launch in 2015, the price of one ETH was just $0.43. In the years since, the price of Ethereum has reached highs of over $1,400 in early 2018 before dropping back down to around $200 in 2019. 2020 has seen a resurgence in the price of ETH, with it reaching over $700 at the time of writing.
In order to understand how much a coin on Ethereum is worth, one must first understand the basics of the Ethereum network. 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, sometimes called “Ethereum gas”, is the cryptocurrency that powers the Ethereum network.
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 used to build decentralized applications (dapps) on its platform. The most popular dapp built on Ethereum is CryptoKitties, a game that allows players to breed and trade digital cats.
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.
