Ethereum is a relatively young multifunctional virtual platform, the concept of which was developed in 2013 by the Russian genius and programmer Vitalik Buterin, who has lived in Canada since the age of 6, and Gavin Wood. This platform allows you to create new cryptocurrencies, store information, and also conclude contracts and execute purchase-and-sale transactions after the required conditions are met, without the participation of third parties. Ethereum is a decentralized platform for developing applications, so-called "smart contracts", at the heart of which lies BlockChain technology (which translates as a chain of blocks). In the Ethereum blockchain, instead of mining bitcoins, ether (ETH) is mined — the internal unit of account. Ethereum is also a programming language that opens up new horizons of development for application and software developers.

History of Ethereum

One of the first programs created on the Ethereum platform was a decentralized autonomous organization, abbreviated as DAO. The project was created in April 2016 to attract investments for the implementation of promising projects. It is the largest crowdfunding project in history.

In June 2016, an attempt was made to hack about 50 million US dollars out of the DAO. In order to return the funds to their owners, Buterin's team performed a hard fork, which led to the division of the blockchain into Ethereum and Ethereum Classic. The event that occurred had both supporters and opponents.

The project was launched through a pre-sale of ether in August 2014. Ethereum's headquarters is located in Switzerland. Ethereum was officially launched on July 30, 2015.

Ethereum is a system that allows you to create decentralized applications, which in essence consist of code running on the network, and therefore there is no need for control over them by either entire organizations or individuals. Due to the fact that such decentralized applications run on the blockchain, they have such advantages as immutability, tamper resistance, security, and zero downtime.

Capabilities of the Ethereum platform

Ethereum is a virtual platform not only for creating applications. As mentioned earlier, the main goal of the project is to attract investments into developing projects. Here, anyone can create their own currency and put it up for sale, and use the funds received as investments for development, for example, of a business or creative endeavor. After all, not everything can be started with zero capital. The Ethereum platform also operates on the principle of an exchange, where, when creating an electronic wallet, it is possible to carry out currency exchange operations. Another feature of Ethereum is shared savings accounts, where all the security features of traditional banking are preserved.

Features of the Ethereum cryptocurrency

1. Immutability: outsiders cannot change data;
2. Tamper resistance: it can exist on the network as long as there is interest in it, without the need for outside support, including from its creators.
3. Security: applications have no single point of failure, security is ensured through cryptography, so they are protected from hacker attacks and the actions of fraudsters;
4. Zero downtime: applications never idle or fail.

The currency of the Ethereum project — ether (ETH) serves not only as a tradable cryptocurrency, but it is also used by application developers to pay for services and transaction fees on the Ethereum network. Ether is the second most successful cryptocurrency after Bitcoin.


The price of the Ethereum (ETH) cryptocurrency today, as well as the technical analysis of the Ethereum ETH cryptocurrency, where to buy Ethereum (ETH) and where to sell Ethereum (ETH).