$ETH

Ethereum (ETH) is a decentralized global software platform powered by blockchain technology. It is most commonly known by investors for its native cryptocurrency, ether , and by developers for its use in blockchain and decentralized finance application development.

Anyone can use Ethereum—it's designed to be scalable, secure, and decentralized—to create any secured digital technology. Its token is designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.

Key Takeaways

Ethereum is a blockchain-based development platform known for its cryptocurrency, ether (ETH).

The blockchain technology that powers Ethereum enables secure digital ledgers to be publicly created and maintained.

Bitcoin and Ethereum have many similarities but different long-term visions and limitations.

Ethereum uses a proof-of-stake transaction validation mechanism.

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Ethereum is the foundation for many emerging technological advances based on blockchain.History of Ethereum

Vitalik Buterin, credited with conceiving Ethereum, published a white paper introducing it in 2014.

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The Ethereum platform was launched in 2015 by Buterin and Joe Lubin, founder of the blockchain software company ConsenSys.

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Ethereum Foundation Blog. "The Thawing Frontier."

The founders of Ethereum were among the first to consider the full potential of blockchain technology beyond just enabling a secure virtual payment method.

Since the launch of Ethereum, ether as a cryptocurrency has risen to become the second-largest cryptocurrency by market value.

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