A complete guide to ethereum cryptocurrency

A complete guide to Ethereum Cryptocurrency

Introduction Ethereum is an open source software platform based on blockchain technology that enables anyone to build and deploy decentralized applications. 

First introduced in 2013 by Vitalik Buterin, Ethereum has turned into one of the leading crypto currencies.

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The established network has undoubtedly gained enthusiastic support from major corporations, like JP Morgan, Microsoft, and Intel, which are seeking to embrace the blockchain technology to run smart contracts.

The Evolution of Ethereum In 2013: In 2013 Vitalik Buterin,a programmer was involved in Bitcoins and he was first to describe on paper. 

Late 2013: He made a proposal for the development of a new platform with a general scripting language. 

Then in Early 2014: A Swiss company Ethereum Switzerland Gmbh developed the first Ethereum software project. 

On June 18, 2016: The DAO (Decentralized autonomous organization) was hacked by an anonymous group claiming $50 worth of eth. 

During June 20-30, 2016: The event sparked a significant debate in the crypto – community market relating in disputes. 

On July 2 2016: As a result, the network branched into two groups: Ethereum (ETH) and Ethereum Classic (ETC). 

July 11, 2016: Ethereum argued for extra-protocol intentionally, decentralized decision making and conflict resolution. 

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On July 22, 2014: Ethereum launched a pre-sale of Ether tokens to public.

On August 6, 2014: The sale raised more than $14 million.

On September 2, 2014: Pre sale investors received 60million ether, 12million out of which was allocated at the development group.

On September 2, 2014: Switzerland based non-profit foundation Ethereum foundation received the remaining ethers.

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In Late 2014: Questions arose about the security and scalability of ether.

On July 30, 2015: Frontier, the initial version of Ethereum was launched.

On March 14, 2016: A planned protocol Homestead emerged as a second major version upgradation of the ethereum network.

On May 2016: Ethereum earned a notable media coverage when the DAO raised a record $150 million in crowd sale.

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On June 18, 2016: The DAO (Decentralized autonomous organization) was hacked by an anonymous group claiming $50 worth of eth.

During June 20-30, 2016: The event sparked a significant debate in the crypto – community market relating in disputes.

On July 2 2016: As a result, the network branched into two groups: Ethereum (ETH) and Ethereum Classic (ETC).

July 11, 2016:  Ethereum argued for extra-protocol intentionally, decentralized decision making and conflict resolution. 

In November, 2016: Ethereum increased its DdoS, debloated the blockchain, and thwarted further spam attacks. 

On February 23, 2017: Etoro added Ethereum trading. 

In March, 2017: Ethereum reaches a daily volume of $450 million. 

At present in 2018: There are 75% chances Ethereum will worth more than its current price. 

How to get started with Ethereum              

Set up an Ethereum wallet.

To trade.

To use smart contracts.

To send or receive ethers.

Visit a digital asset currency exchange.

Buy and sell ethers.

Download Ethereum blockchain to engage with smart contracts or dapps.

Ethereum (Ether) Market Capitalization Chart Date:13.Sept.2018 Market Cap

Circulating Supply

$20,002,223,113 USD 3,097,825 BTC

101,931,598 ETH

Volume (24h) $1,833,043,131 USD 283,891 BTC

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