ETH - Ethereum

Rank Logo Symbol Normalized USD USD Volume Percentage Market Cap
3 ETH 665.838 95.135 39.000 $9.88 B

Last Updated: Dec 15, 2018. 02:58 AM

What is Ethereum?


Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine's instruction set, in contrast to others like Bitcoin Script, is expressive enough as languages like C that it's said to be Turing-complete in an informal sense. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.

The system went live on 30 July 2015, with 72 million coins "premined".

This accounts for about 70 percent of the total circulating supply in 2018.

In 2016, as a result of the exploitation of a flaw in The DAO project's smart contract software, and subsequent theft of $50 million worth of Ether, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH) with the theft reversed, and the original continued as Ethereum Classic (ETC).The value of the Ethereum currency grew over 13,000 percent in 2017, to over $1400. By September 2018, it had fallen back to $200.


What problem does this coin solve?

Ethereum was created in 2013, following Bitcoin, aiming to build decentralized applications. Ethereum creator Vitalik Buterin argued in the white paper (linked below) that with a more general scripting language, Ethereum could be offered in a wider variety of applications, whereas Bitcoin is limited in scope.

Thus, the goal of Ethereum, in contrary to Bitcoin, was to allow for decentralized applications and for companies to build their own platforms based on Ethereum.

With the combination of the platform and coin, Ethereum is unique in that it allows an all-in-one solution to build contracts and applications for enterprise and consumer uses.

What’s unique about this coin?

Perhaps more than anything, what’s unique about Ether is the combination the currency and the platform, which opens up to major corporations, users, and much more.

What are the use cases for this coin?

The biggest and most widely-publicized use case of Ethereum is its peer-to-peer smart contract system. This enables users to create contracts between each other without the need for an additional middle-man or third party. For instance, you can set up a smart contract for a concert, where tickets and attendees can be managed, as well as the transactions themselves using Ether.

Of course, another use case for Ether is the cryptocurrency itself. Ether is known for its lower fees compared to other cryptocurrencies, making it a viable option for people to send compensation to each other.

Development status

Ethereum is in active development and an open standard, thus anyone can contribute to the project. With the open nature of Ethereum, it is likely that it will be in active development for many years to come.

Currently, Ethereum is facing issues scaling – meaning that as more companies and developers take advantage of the platform, it slows down and faces delays in processing tasks. This is an issue currently being worked on by developers.

Ethereum versus other cryptocurrencies

There are actually two versions of Ethereum: Ether (ETH) and Ether Classic (ETC), though the former is by far the most popular and most widely accepted. The two were split in September of 2016 when a decentralized autonomous organization called the DAO, which raised money to fund Ethereum, was exploited.

Furthermore, it’s important to note that there is Ethereum, as well as Ether. The former is the open-source platform that allows developers to build their own applications. The latter is a cryptocurrency based on the Ethereum platform.

In comparison to Bitcoin, the differences with Ether are stark. Bitcoin aims to replace cash, acting as a form of currency. Ether, however, aims to facilitate contracts between parties and act as a platform on which developers can build.

With the differences so apparent, it’s hard to compare Ether to Bitcoin. In terms of the cryptocurrency itself, Ether is known for its lower fees, but again, what really sets it apart is the platform.


From the web

What is Ethereum? | Coin Center
Vitalik Buterin, creator of Ethereum, explains what this new technology is and what the vision of a shared world computing platform could one day make possible. In a nutshell, Ethereum is a new innovation in computing built from technologies and concepts originally pioneered in Bitcoin. Bitcoin is ...
What is Ethereum? - CoinDesk Guides
Before you can understand ethereum, it helps to first understand the internet. Today, our personal data, passwords and financial information are all largely stored on other people’s computers ...
Crypto Startup Wala Is Reaching Africans with Ethereum ...
For instance, Wala is partnering with the British trading firm Block Commodities to provide the equivalent of $10 million in dala loans for subsistence farmers in sub-Saharan Africa.
How Ethereum Works - CoinDesk
How Ethereum Works 'Turing-complete' programming, 'state' and the 'EVM' ... Initial Coin Offerings refer to the distribution of digital tokens. Subscribe View all Podcasts . Career Center.
Ethereum Foundation Partners with Filecoin to Provide ...
Ethereum Foundation Partners With Filecoin To Provide Specialized Mining Hardware. On the 1st of November at Devcon, Prague, Ethereum Foundation researcher Justin Drake released introductory schemes for ASICs that are designed to support a forthcoming ethereum based technology called beacon chain. Beacon Chain facilitates the transition of Ethereum into proof-of-stake and sharding concept.
What is Ethereum? The Most Comprehensive Beginners Guide
What is Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.If you want to know what is Ethereum, how it works, this guide is perfect for you.
What is Ethereum - Cointelegraph
Ethereum is a decentralized ledger protocol and a platform that promises unprecedented opportunities for developers of applications running on blockchain, both financial and non-financial.
Hotel Aspen St. Regis Sells Real Estate Tokens on Ethereum ...
The coin sellers intend to use Templum Markets, a registered broker dealer that operates an alternative trading system, as the financial partner that will provide the infrastructure on which the ...
What is Ethereum? |
Ethereum is the new and improved crypto currency that is often called Bitcoin 2.0 – except it allows you to do more through its internal programming language, so it isn’t just a currency it is a lot more.
How Does Ethereum Work? | CryptoManiaks
What does Ethereum do? Ethereum is widely regarded as the first and largest Blockchain 2.0 platform. While the cryptocurrencies that came before Ethereum allowed users to store and transfer wealth, Ethereum goes beyond these capabilities by allowing its users to create decentralized apps .
Where did Ethereum come from? | Luno
Ethereum pioneered what’s known as an initial coin offering (or ICO), selling to initial investors about 60 million Ether tokens while the project was still in development. This kickstarted a large drive to develop and further promote the Ethereum ecosystem whilst paying for legal fees and development costs.

Social News

Can This Social Network Solve Artists’ Financial Woes?
Observer | Dec 16, 2018. 01:00 PM
During that period, 700 images were sold for a total of 15 ETH (using the cryptocurrency Ethereum). Though that’s currently exchangeable for roughly $1,300 at $90 per coin, at its height ...

The Fourth Industrial Revolution with Blockchain, Crypto Banking, AI and the Government
Yahoo Finance | Dec 16, 2018. 02:11 PM
Blockchain backed crypto networks and Crypto Banks like Quorums–Ethereum based blockchain network ... investor profits gained from the GOD coin, Bitcoin saw 1,300 percent rise last year i.e ...

PSA: If You Mine Ethereum, You’re a Target for Crypto Hackers
Yahoo Finance | Dec 15, 2018. 07:40 PM
This time, they are running a massive scanning campaign to pick out Ethereum wallets and miners with a specific vulnerability. Per reports on ZDNet, crypto ... the price of cryptocurrency crashing ...

TRON Bringing Improvements to Popular ‘Blockchain Cuties’ Game | Dec 15, 2018. 11:35 PM
Once the game opens up on TRON, it will be the first-ever crypto game to run on three blockchains, including the EOS and Ethereum networks. By moving to the TRON blockchain, users will benefit ...

Republic CEO optimistic about future of cryptocurrencies | Dec 16, 2018. 07:05 AM
The state of Ohio said it is accepting one cryptocurrency, bitcoin ... blockchain and related technologies. Korean firms are also one of the most active players in the global crypto industry.

What We Can Learn From Bitcoin’s Explosive Rise and Fall in 2018
Finance Yahoo | Dec 16, 2018. 01:28 AM
Although bitcoin was plummeting throughout 2018 in fits and starts, investments in startup companies using blockchain ... a loyal crew of faithful crypto-enthusiasts will keep things rolling whether the rest of the world buys cryptocurrency or not.

Medium | Dec 15, 2018. 05:18 PM
ENERGI — 120$ + 12$ REF, LOW CAP LISTED ON COINMARKETCAP — Cryptocurrency ... 4.5/5 — LOW CAP — 0.1 ETH + REF — A Patent Pending Blockchain ETF Platform.

Ubex’s ICO Success Indicates Future of Digital Marketing | Dec 16, 2018. 08:07 AM
Utilizing the power of blockchain ... ICO, which was held from May 21 to September 30, 2018. Impressively, the project hit its soft cap in just one day, and over the course of the sale, it ended up hitting its hard cap, collecting 161 BTC, 25,074 ETH ...

Presenting a Framework for Friendly Crypto Token M&A
Hacker | Dec 16, 2018. 07:13 AM
It is important to highlight this positive correlation because funds raised originally in crypto ... facto cryptocurrency market short sell. Source: Bitmex blog Since the volume of ICO funding is highly correlated with the price of Bitcoin and Ethereum ...

ETHLend (LEND) Price Up 1.2% This Week | Dec 16, 2018. 02:54 PM
One ETHLend token can now be purchased for about $0.0071 or 0.00000216 BTC on popular cryptocurrency exchanges including ... Investors seeking to acquire ETHLend should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such ...

IslaCoin (ISL) Tops One Day Trading Volume of $0.00 | Dec 16, 2018. 01:42 PM
One IslaCoin coin can currently be purchased for approximately $0.17 or 0.00002159 BTC on cryptocurrency exchanges ... Investors seeking to acquire IslaCoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX ...

The Crypto Market Cap is Sinking as Tether Climbs
Hacked | Dec 15, 2018. 07:04 PM
The cryptocurrency ... on a highly touted bitcoin ETF and Intercontinental Exchange and Nasdaq enter the market for crypto futures. Disclaimer: The author owns bitcoin, Ethereum and other ...

BitSoar Hits 24 Hour Trading Volume of $26.00 (BSR) | Dec 16, 2018. 05:27 AM
One BitSoar coin can now be bought for $0.0001 or 0.00000001 BTC on major cryptocurrency exchanges including ... Investors seeking to trade BitSoar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX ...

Substratum (SUB) Price Tops $0.0417 on Exchanges | Dec 16, 2018. 03:05 AM
One Substratum token can now be purchased for $0.0417 or 0.00001273 BTC on popular cryptocurrency exchanges including ... Investors seeking to trade Substratum should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as ...

Tom Lee: Bitcoin Fairly Worth $13,800 to $14,800 | Dec 15, 2018. 04:33 PM
Tom Lee is one of the best-known bitcoin bulls and ... remained the top popular cryptocurrency in the market, weighing over 110 billion dollars in its market capitalization. His sentiment regarding institutional interest in crypto markets echoes what ...


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