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 features smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum also provides a cryptocurrency token called “Ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Ethereum was initially described in a white paper by Vitalik Buterin in late 2013 as a result of his research and work in the cryptocurrency and blockchain space. Buterin had proposed the development of a new platform with a more general scripting language that would be more accessible to non-specialists than Bitcoin’s programming language.
NOTE: WARNING:
Gas Ethereum is a decentralized application platform that runs smart contracts on the Ethereum blockchain. It is important to understand that Gas Ethereum is a technology, not a currency and should not be used as an investment or currency. Investing in Gas Ethereum can be highly speculative and may result in financial losses. You should exercise caution and conduct thorough research before making any investments in Gas Ethereum.
Ethereum was launched on 30 July 2015, with 72 million coins premined. The Ethereum Foundation, a Swiss non-profit organization, raised money to fund the project through an online public crowdsale in August 2014.
Development was crowdfunded in 2014–2015, with members of the Ethereum Foundation working as core developers of the project.
The platform went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale (including 4.
3 million for private investors). This accounts for approximately 13 percent of the total circulating supply.
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