Ethereum News

Ethereum 6 years old; The digital currency jumped 140 percent in the last seven months


Ethereum celebrated its sixth birthday yesterday. The main network of this digital currency became operational on July 30, 2015 (August 8, 1994). The data also shows new Ethereum prices It has increased 140% in the last seven months.

to the Report CryptoGlobe, Russian-Canadian programmer Vitly Dmitriyevich Buterin wrote Ethereum’s original white paper entitled “Ethereum White Paper: The Next Generation of Smart Contract and Decentralized Application Platform” and posted it on the web in December 2013. Published your site.

Vitalik describes Ethereum’s main purpose in the abstract of this white paper as follows:

What Ethereum intends to offer is a complete Turing-based blockchain that can be used to create contracts that encrypt custom transmission functions, allowing users to create any system with the features described and many more. Create other systems that we have not yet thought of by just writing its logic in a few lines of code.

Vitalik Butrin introduced Ethereum on January 27, 2014, the second day of the North American Bitcoin Conference in Miami, Florida.

“One of the uses of Ethereum is to create digital currencies for specific purposes,” Vitalik said.

Let’s have thousands of currencies instead of one.

About six months later, on June 7, 2014, the eight founders of Ethereum were Vitalik Butrin, Anthony Di Lorio, Charles Hoskinson, Mihai Alisie, and Amir Chetrit. Joseph Lubin, Gavin Wood, and Jeffrey Wilke met at a rental home in Zug, a town in Switzerland called Crypto Valley (Digital Currency Valley). At the meeting, Vitalik suggested that the Ethereum project be a non-profit.

Also read: What is an Ethereum? Shopping tutorials and wallets

Funding for Ethereum Development was through the initial public offering (ICO) between July and August 2014 (July to August 1993), and participants purchased Ethereum by paying for Bitcoin. In the first 12 hours of this initial public offering, 3,700 bitcoins and a total of $ 18 million were raised.

The last prototype to prove the concept of the Ethereum Foundation, codenamed “Frontier”, was launched on July 30, 2015.

Although Frontier became available to the public on this date, it was only a user interface to use the command line. Frantier was introduced with the aim of making it possible to test in the real world, and it should not be forgotten that at that time the experiment was carried out with real capital.

Vinay Gupta, one of the coordinators of the project at the time, said:

Value [مبلغ] Don’t risk too much unless you are really confident that you know what you are doing and that you are confident in assessing your network risk.

Ethereum Beacon Chain, the first phase of the Ethereum 2.0 Development Roadmap, was launched on Tuesday, December 1, 2020, at 12:00 GMT. Bacon China is a Proof of Stake blockchain, and the first step in the Ethereum Consensus mechanism is to change from proof-of-work to stock-proof. This chain runs alongside the main Ethereum proof chain.

At 16:28 (UTC) on July 30, 2021, according to data obtained from the open source tool Bacon China Explorer Ethereum 2.0, developed by the Austrian blockchain company Bitfly. 201,266 certifiers from around the world have participated in the Ethereum 2.0 stock consensus mechanism and 6,440,316 ethers have been traded so far. This means that this amount of ether has been sent to the address of the Ethereum 2.0 deposit agreement.

Ethereum 6 years old;  A jump of 140% of this digital currency in the last seven months
Number of endorsers and Ethereum shares in Ethereum 2.0

The proposed scheme is to start with a base fee and increase and decrease the protocol based on network traffic. When the grid exceeds the target value per block, the base fee increases slightly and decreases slightly when the target capacity is below the target.

The London Hard Fork is expected to be operational on August 5 (August 14) in block 1,2965,000 on Ethereum’s main network.

Ethereum traded at $ 2,345 on July 30, up 0.79 from the previous 24 hours and up 140 from the same period last year, according to Crypto Comparison data. Has found.

Ethereum 6 years old;  A jump of 140% of this digital currency in the last seven months
Ethereum price chart for the past year

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