Ethereum

Ethereum is a system on the Internet where people can make deals. Ether is type of money which uses the Ethereum system to make sure that every person gets the right amount in every deal.^[1][2][3]

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Many people donated money to support the development of the system in what was one of the first initial coin offerings.^[4] The system came online on 30 July 2015,^[5] with 72 million coins.

In 2016, Ethereum split into two separate versions: Ethereum and Ethereum Classic.^[6]

Ethereum has started implementing a series of upgrades called Ethereum 2.0, which includes a transition to proof of stake and aims to increase transaction throughput using sharding.^[7][8]

1. ↑ Ethereum: market capitalization, volume
2. ↑ "What is Ethereum?".
3. ↑ What is ethereum, and how does it work? on YouTube. CNBC International
4. ↑ "What is Ethereum? A Comprehensive Explanation - Coin Bureau". Coin Bureau. 2017-09-03. Retrieved 2018-06-24.
5. ↑ etherchain.org. "Accounts - etherchain.org - The ethereum blockchain explorer". www.etherchain.org. Archived from the original on 7 August 2017. Retrieved 30 May 2017.
6. ↑ Frankenfield, Jake. "Ethereum Classic". Investopedia. Retrieved 2020-08-21.
7. ↑ "Ethereum 2.0 Specifications". Github. Archived from the original on 2 June 2020. Retrieved 1 June 2020.
8. ↑ "Ethereum Cofounder Joe Lubin Talks Trump, Blockchain's 'Frankenstein' And Willingness To Work With China". Archived from the original on 7 April 2022. Retrieved 1 June 2020.