Birth #Ethereum✅
#Ethereum was created by founders Vitalik Buterin and Joe Lubin, who created a unified platform for decentralized application development with the native token Ether that powers the network. To interact with this network, users need an Ethereum account. However, the project faced challenges in its early stages, and a project called The DAO raised over $50 million in Ether. This event led to a hard fork, resulting in a complete split of the original Ethereum and the creation of a new cryptocurrency called #Ethereum #ClassicCrypto (ETC).
In response to the difficulties faced by the new platform, the Ethereum Foundation was established. This Swiss non-profit organization focuses on maintaining and developing the Ethereum network, ensuring its continuous growth and innovation. Today, Ethereum stands as a testament to the resilience and vision of its creators, who are building a thriving ecosystem of developers, investors, and users. $ETH