#EthereumFlashback In the crypto world, Ethereum is one of the most popular coin assets after Bitcoin, and in terms of market price, Ethereum is always ranked second after Bitcoin. The beginning of the history of the creation of Ethereum began in 2013 when Vitalik Buterin, a Canadian programmer, released a whitepaper entitled "Ethereum: A Next-Generation Smart Contract and Decentralized Application Platform".
Then the whitepaper introduced the concept of Ethereum as a "blockchain" platform that allows the development of decentralized applications (dApps) and smart contracts (Smart Contracts) that can be executed automatically without the need for a third party.
And below are additional brief points about the history of Ethereum that we need to know:
* Ethereum 1.0 :
Ethereum allows developers to build and implement applications on the Blockchain. Because currently, DApp development is already in the Blockchain space, but this platform cannot be operated yet. Vitalik Buterin initially united the two, because he thought unifying how DApps run and interact was the only way to maintain Ethereum adoption.
*Ethereum 2.0
Ethereum 2.0 is a major upgrade to the Ethereum Blockchain that is being developed in several phases. Even some of these improvements include various features such as:
-Transition of the proof-of-work (PoW) consensus algorithm to the proof-of-stake consensus algorithm.
-Introduction of sharding, this will allow the Ethereum Blockchain to process transactions more efficiently and scale to handle more users.
-The use of a new virtual machine, or what is called the Ethereum Virtual Machine (EVM) 2.0, this will improve the performance and security of smart contracts.
That's a brief flashback about ethereum in the crypto world that we need to know.
Always be successful for crypto lovers👍.
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