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 runs smart contracts and allows developers to create decentralized applications (DApps). The native currency of the Ethereum blockchain is Ether (ETH).
ETH is used to pay for gas, which is the unit used to measure the amount of computational effort required to execute a transaction or contract. Gas is necessary to ensure that miners are motivated to process and confirm transactions on the network.
The founder of Ethereum, Vitalik Buterin, proposed the Ethereum network in 2013. The Ethereum Foundation, a nonprofit organization, was subsequently founded to support the development of the Ethereum protocol.
NOTE: WARNING: There is no single owner of Ethereum Coin. Ethereum Coin is a decentralized cryptocurrency based on blockchain technology, meaning it does not have a central authority or governing body. As such, any claims about ownership of Ethereum Coin should be taken with caution.
The first version of the Ethereum blockchain was launched in July 2015. Since then, Ethereum has undergone several planned protocol upgrades, which are collectively referred to as Metropolis.
The most recent upgrade, Constantinople, occurred in February 2019.
Who Is the Owner of Ethereum Coin?
There is no one single owner of ETH coin. Instead, ETH coin is owned by everyone who uses the Ethereum network and holds ETH in their wallet.
The Ethereum Foundation does not control or own ETH coin; it merely supports the development of the Ethereum protocol.
7 Related Question Answers Found
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 allows developers to build and deploy decentralized applications. Ethereum is one of the most popular platforms for Initial Coin Offerings (ICOs), with over 50% of ICOs using Ethereum to raise funds.
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.
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, a 19-year-old Russian-Canadian programmer Vitalik Buterin proposed the development of a new platform with a more general scripting language that would eventually become Ethereum. The core innovation of Ethereum is that it enables developers to build decentralized applications (dapps) on its platform.
Vitalik Buterin is a Russian-Canadian programmer and writer primarily known for his work on Ethereum, an open source public blockchain platform. He is a co-founder of Ethereum and one of its lead developers. Buterin first became interested in blockchain and cryptocurrency technology in 2011 and he soon became involved in the Bitcoin community, co-founding Bitcoin Magazine in September 2011.
Vitalik Buterin is the creator of Ethereum, a decentralized platform that runs smart contracts. He first became interested in Bitcoin in 2011, and he co-founded Bitcoin Magazine in 2012. In 2013, he proposed the development of a new platform that would later become Ethereum.
When it comes to cryptocurrency, Ethereum is the second most popular platform after Bitcoin. And like Bitcoin, Ethereum addresses are also pseudonymous, which means that the identity of the person or group behind an address is not revealed. So, who owns an Ethereum address?
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, a 19-year old Vitalik Buterin, who was already involved in the Bitcoin community, realized that Bitcoin needed a scripting language for application development. He proposed the creation of Ethereum to the core developers of Bitcoin, and they agreed.
