In this article, we will discuss the cryptocurrency, Ethereum. We will go through the history of the coin and its rise in popularity and how it has been able to capture the attention of many people.
What is Ethereum?
Ethereum is an open source software platform that was developed by Vitalik Buterin. It is an application layer platform which allows for the creation of smart contracts and decentralized applications. The name of the currency is derived from the Greek word “ether”, which means “the element that fills space”.
The History of Ethereum
The cryptocurrency was created in 2015. In June 2016, it was launched as an open source software platform. In July 2017, the first token sale was conducted. Since then, there have been over one hundred ICOs that have been conducted.
The Rise of Ethereum
The cryptocurrency has been gaining popularity since its inception. This is due to the fact that it is not controlled by any central authority. It also allows for the creation of decentralized applications and smart contracts.
The Future of Ethereum
The future of the cryptocurrency is bright. There are many projects that are being developed by the developers and investors. This includes the development of DApps (decentralized applications) and smart contracts. The cryptocurrency is also gaining popularity among the traders and investors. The cryptocurrency has a market capitalization of over $1 billion.
Conclusion
The cryptocurrency has been able to capture the interest of many people. There are many reasons why the cryptocurrency has been able to capture peoples’ attention. It is because of the fact that it is decentralized and does not rely on a central authority. This makes it more secure and reliable. The cryptocurrency is also able to create smart contracts and DApps. This is very beneficial to both the users and the developers.
