Gray scale Ethereum is an open source, decentralized platform that runs smart contracts on a blockchain with EVM bytecode. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Gray scale 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.
Gray scale Ethereum was proposed in 2013 by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed development of a new platform with a more general scripting language. Ethereum was crowdfunded during 2014–15.
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.
NOTE: This is a warning note to advise caution when considering investing in Grayscale Ethereum Trust (“ETH”). ETH is an open-ended trust that holds Ethereum and derives its value solely from the price of Ethereum. As with any investment, there are associated risks. Investing in ETH exposes you to the risk of losses due to market volatility, uncertainty of returns, illiquidity, and the potential lack of regulatory oversight or protection. Moreover, ETH may not be suitable for all investors and you should carefully consider whether it is appropriate for your particular circumstances before investing. You should also consult a financial adviser or other qualified professional before making any investment decisions.
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 ether currency grew over time and ETH became one of the largest cryptocurrencies by market capitalization.
What is grayscale Ethereum?
Grayscale Ethereum Trust (OTCQX: GBTC) is an investment vehicle that provides investors with exposure to the price movement of ETH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETH.
Investors seeking exposure to ETH may find GBTC attractive because it trade on major US exchanges such as OTCQX, NYSE Arca, and BATS BZX Exchange; it offers investors who cannot or do not wish to hold cryptocurrency directly an accessible way to gain exposure to ETH; and GBTC’s shares represent fractional undivided beneficial ownership in the Trust’s underlying assets so investors don’t need to worry about storing or safekeeping cryptocurrency.
9 Related Question Answers Found
The Grayscale Ethereum Trust (ETHE) is an investment vehicle that tracks the price of Ethereum. It is traded on the OTCQX, under the ticker ETHE. The trust was launched in early 2017 and is managed by Grayscale Investments, LLC.
Since Ethereum is a decentralized platform that runs smart contracts, most people think of it as a digital currency. However, Ethereum has many other uses. One of these is Grayscale Ethereum Trust (GETH), an investment product that gives investors exposure to the price movement of ETH without having to actually purchase and hold the cryptocurrency.
The Grayscale Ethereum Trust is an investment vehicle that gives investors exposure to the price movement of ETH, without the need to directly purchase or hold the underlying cryptocurrency. The Trust is sponsored by Grayscale Investments, LLC (“Grayscale”), a digital currency asset manager. The Trust’s purpose is to mirror the price performance of ETH.
The premium on Grayscale Ethereum Trust (GETH) is an annual charge assessed by the Trustee to cover the costs of running the Trust. The premium is paid by investors who hold GETH shares, and it is assessed at a rate of 2% of the net asset value of the Trust. The premium is used to cover the cost of storage, insurance, and other expenses associated with running the Trust.
Grayscale Ethereum Classic Trust is an investment vehicle that provides exposure to the price movement of ETC, without the challenges of buying, storing, and safekeeping ETC. The investment objective of the Trust is for the Shares to track the price of ETC, less the expenses of the Trust’s operations. The Trust’s expenses will be incurred by Grayscale and will include management fees, Bitcoin transaction fees and other general expenses.
The Grayscale Ethereum Trust is a fund that invests in Ethereum. The trust is managed by Grayscale Investments, LLC. The fund’s objective is to track the performance of the price of Ethereum.
Ethereum ETL is a service that allows you to easily load your Ethereum data into a data warehouse for analysis. With Ethereum ETL, you can get all of your transactions and smart contract interactions into a single place so you can track your progress and performance over time. Ethereum ETL is built on top of the popular open source data warehousing tool Apache Airflow.
Grayscale Investments, the largest digital currency asset manager, plans to launch an Ethereum Trust, becoming the first publicly traded security focused on the second-largest cryptocurrency. The New York-based company announced the plans in a filing with the U.S. Securities and Exchange Commission on Thursday.
Arbitrum is a decentralized platform that enables trustless, efficient, and scalable off-chain computation. It is the first Ethereum scaling solution that is production-ready and fully open source. Arbitrum is built on top of existing Ethereum smart contracts and utilizes a technique called “layer 2” or “off-chain” computing to scale the Ethereum network.
