As of September 2018, the highest price ever for Ethereum was $1,417.38.
This record was set on January 4th, 2018. While Ethereum prices have fluctuated since then, this high point represents a significant milestone for the cryptocurrency.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
What Is 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.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
What Is Ethereum Used For?
Ethereum can be used to codify, decentralized applications and protocols which automatically execute when specific conditions are met.
Ethereum is used for creating decentralized applications (dApps) and smart contracts. A dApp is an application whose backend code runs on a decentralized peer-to-peer network (like ethereum’s).
A dApp can have frontend code written in any language that can make JSON RPC calls to ethereum’s node software; however most dApps are written in Solidity which is ethereum’s native language for smart contracts. .
What Is The Highest Price Ever For Ethereum?
The highest price ever for Ethereum was $1,417.38 set on January 4th, 2018. While prices have fluctuated since then, this high point represents a significant milestone for the cryptocurrency.