About Ethereum And Its Founder

About Ethereum as the most popular crypto currency after Bitcoin. As we have known together, that since the advent of Bitcoin with its success. Has had a very significant impact on the emergence of new crypto coins.

Some time after Bitcoin thrilled the virtual universe, and brought success to anesthetize the digital financial market share. Then several other crypto currencies appeared, and one of them was Ethereum.

It's no secret, that Bitcoin is the first crypto coin, which initially only cost $0 to $0,0008. Then it gradually rose to $0.08, and has now been translucent in the price range of $61,000 (when this article was created).

Next, will Ethereum also be like Bitcoin?. We just have enough time to wait. Maybe, in due course, the price of Ethereum will also pursue the price of Bitcoin.

Are you an Ethereum lover?. If so, then the best thing from now on is to save asan from the Ethereum that you have.

Of the millions of people who have Ethereum crypto coins, asan of them must already know and understand what Ethereum coins really are. Then, as a result of them can be made sure not to understand, what Ethereum is?. And who is the founder?.

Therefore, in this article, we have summarized at a glance about Ethereum and its founder. Please read to the end of the summary of the Ethereum crypto currency below.

What Is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for many other cryptocurrency, as well as for the implementation of decentralized smart contracts.

Ethereum was first described in the 2013 whitepaper by Vitalik Buterin. Buterin, along with one of the other founders, received funding for the project in online public crowd sales in the summer of 2014.

The project team managed to raise $ 18.3 million in Bitcoin, and the price of Ethereum in the Initial Coin Offer (ICO) was $ 0.311, with more than 60 million Ether sold.

Taking the current Ethereum price, this puts the return on investment (ROI) at an annual rate of more than 270%, basically almost quadrupling your investment every year since the summer of 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under a prototype codenamed "Frontier". Since then, there have been several updates to the "Constantinople" network on February 28, 2019, "Istanbul" on December 8, 2019, "Muir Glacier" on January 2, 2020, "Berlin" on April 14, 2021, and the latest on August 5, 2021, "London" hard forks.

Ethereum's goal itself is to become a global platform for decentralized applications, which allows users from all over the world to write and run software that is resistant to sensors, downtime, and fraud.

Who is the Founder of Ethereum?

Ethereum has a total of eight founders - an unusually large number for the crypto project. They first met on June 7, 2014, in Zug, Switzerland.

Vitalik Buterin from Russia-Canada is probably the most famous of the group. He wrote the original white paper that first described Ethereum in 2013 and is still working to improve the platform to this day.

Before ETH, Buterin co-founded and wrote for the Bitcoin Magazine news website. British programmer Gavin Wood could say one of the founders of the second most important ETH, as he coded the first technical implementation of Ethereum in the C programming language, proposed the Solidity of the original Ethereum programming language and was the first technology head of the Ethereum Foundation.

Before Ethereum, Wood was a research scientist at Microsoft. After that, he moved to establish the Web3 Foundation. Read More.....

Source Link: CoinMarketCap.