What is Ethereum? – Trade

Yesse

Yesse

Published on September 6, 2022

A decentralized, open-source blockchain with smart contract capabilities is called Ethereum. 

The platform’s native cryptocurrency is called Ether (symbolized as ETH sign)

Ether has the second-highest market capitalisation among cryptocurrencies behind bitcoin. 

Programmer Vitalik Buterin created Ethereum in 2013. 

Ethereum was also created by Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.

Development work started in 2014 and was crowdfunded. On July 30, 2015, the network went live.

The decentralized applications that run on Ethereum can be permanently and irrevocably deployed by anyone and used by users.

Applications for “decentralized finance” (DeFi) offer a wide range of financial services without the need for conventional financial intermediaries like brokerages, exchanges, or banks, such as enabling bitcoin users to borrow against or lend from their holdings.

The Ethereum coin

Anyone can use Ethereum to develop any secure digital technology. https://theirsondiary.com/index.php/2022/09/06/trade-with-digital-coin/

There is a token built into it specifically for usage on the blockchain network, but users may also use it to pay for tasks done on the blockchain.https://www.coindesk.com/price/ethereum/

Original author: Vitalik Buterin, Gavin Wood  

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