Ethereum (ETH) is frequently referred to as the owner of cryptocurrencies, with a market capitalization second only to Bitcoin, but in reality, Ethereum is the birthplace of great technology in the crypto world, which Bitcoin cannot replace.
Ethereum is an open-source blockchain-based platform allowing developers to create smart contract and decentralized applications (Dapp) which users can access to various types of transactions without intermediary.
Who are the founders of Ethereum?
The concept of the Ethereum Blockchain was drafted by Russian-Vitalik Buterin in 2013 until its implementation in 2015.
Purpose of Ethereum
Ethereum is another Blockchain. Even though there is a decentralized processing system such as the Bitcoin Blockchain. Ethereum is a programmable blockchain, which makes it the start of something new and different. As Ethereum is an open-source platform, any tokens created on the Ethereum platform are also an ERC-20 token.
Key Metrics
| Ticker | ETH |
| Token Name | Ethereum |
| Token Type/Protocol | ERC-20 |
| Total Token Supply | Unlimited supply |
| Current Circulating Supply | See Coinmarketcap |
| Market Capitalization | See Coinmarketcap |
| Token Creation Date | July 2015 |
| Can it be mined? | Yes |
Insights
- ERC-20 is a set of protocols used with every Ethereum-based token making them compatible with the Ethereum network.
- Smart Contract and Dapp platform, the world center computer which enables computing decentralized applications (Dapp) by openly using smart contracts.
- Gas fee is a transaction fee on Ethereum which is limited to avoid exceeding fees.
Official Website: https://ethereum.org/en/
Whitepaper: https://ethereum.org/en/whitepaper/
Note
Cryptocurrency and digital tokens are high risk. You may lose the entire investment amount. Please study and invest appropriately with your acceptable risk level.