Ethereum | What is Ethereum? | Bitcoin vs Ethereum


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♦️ Ethereum is a decentralized, open-source blockchain featuring smart contract functionality.✅

Ether (ETH) is the native cryptocurrency of the platform.☑️

♦ It is the second-largest cryptocurrency by market capitalization, after Bitcoin.✅

♦️ Ethereum is the most actively used blockchain.☑️

♦ Ethereum was proposed in 2013 by programmer Vitalik Buterin.✅

♦️ Development was crowdfunded in 2014, and the network went live on 30 July 2015,☑️

with 72 million coins premined.✅

♦ The Ethereum Virtual Machine (EVM) can execute Turing-complete scripts and run decentralized applications.☑️

♦️ Ethereum is used for decentralized finance, and has been utilized for many initial coin offerings.✅

♦ In 2016, a hacker exploited a flaw in a third-party project called The DAO and stole $50 million of Ether.☑️

♦️ As a result, the Ethereum community voted to hard fork the blockchain to reverse the theft and

Ethereum Classic (ETC) continued as the original chain.☑️

♦ Ethereum has started implementing a series of upgrades called Ethereum 2.0,

which includes a transition to proof of stake and an increase in transaction throughput using sharding.✅

https://en.wikipedia.org/wiki/Ethereum


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