Ethereum started in 2015 with an aim to expand the usage of blockchains and cryptocurrencies to surpass all manner of decentralized applications beyond the scope of the standard-bearer Bitcoin.
Ethereum was envisioned as “global computer” that would enable developers to publish and execute applications that will be powered by smart contracts.
Cointelegraph said that “ Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors. “
Quick Timeline of the Ethereum Cryptocurrency
2013 , Vitalik released the Ethereum’s white paper. He proposed a new platform that will enable the decentralized application to mark the start of a new “era” of online transactions.
2014, This was the first sale of the Ether and yellow paper was released. Ethereum was announced in North American Bitcoin Conference in Miami
2015, The network goes live
2016, The Ethereum has been divided into two named Ethereum and Ethereum Classic, Funds were hacked
2017, Enterprise Ethereum Alliance was launched
2018, The network loses almost 85% of its value
2019, Ethereum rises to top two largest cryptocurrency
2020 , First phase of Ethereum named Ethereum 2.0 was launched.
Their full timeline is like roller coaster. But now , they seemed more stabilized and somewhat consistent will their prices and value.
The latest news about Ethereum for this Day is that Bitcoin,Ethereum and Dogecoin Have surged with crypto market growing over 2 percent.
According to Independent , The global Crypto market is showing promising recovery and is currently valued $2.18 trillion as of December 12, 2021. 5:09 in the afternoon -Philippine time.
