#ETH Ethereum's history began with its proposal by Vitalik Buterin in a 2013 whitepaper. Here are some key events and milestones in Ethereum's history:
Early Development
2013: Vitalik Buterin proposed Ethereum in a whitepaper, envisioning a platform for decentralized applications (dApps) beyond just digital currency.
2014: Ethereum raised over $18 million through an Initial Coin Offering (ICO), selling over 60 million ether at $0.311 each.
2015: The Ethereum blockchain launched on July 30, with the Frontier network upgrade, marking the beginning of its operational phase.
Price History
Launch Price (2015): Ethereum's initial price was $2.92, with the lowest price recorded at $0.4457 in October 2015.
Highest Price: Ethereum reached an all-time high of $4,786 in November 2021.
Notable Price Movements:
2017: Ethereum's price surged to $414 in June and later reached $1,418 in January 2018.
2021: Ethereum's price hit new highs, reaching $4,379 between February and May, and $4,891.70 on November 16.
Network Upgrades
Beacon Chain (2020): Introduced staking to Ethereum, paving the way for the transition to Proof-of-Stake (PoS).
The Merge (2022): Ethereum transitioned to PoS, ending the Proof-of-Work (PoW) era and significantly changing its consensus mechanism.
Future Upgrades: Ethereum's roadmap includes several upgrades, such as The Surge (increasing throughput via rollups), The Scourge (ensuring credible neutrality in transaction inclusion), and others.
Market Performance
Market Capitalization: Ethereum's market cap has grown significantly, reaching over $515.64 billion.
Trading Volume: Ethereum's 24-hour trading volume is substantial, with over $52.84 billion in transactions.