The central bank of Israel chose Ethereum's network to launch the stages of its CBDC trial program.
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
Recent Ethereum News
More than 80% of NFTs on Ethereum since April are owned by just a few wallet addresses, a report stated.
This week we saw bitcoin's price reaching a new all-time high around $67K. This came on the back of the
Institutions have resumed their appetite for bitcoin and ether, with the latest making a sizeable purchase being a Houston-based pension
After just two months, United Wholesale Mortgage (UWM) decided to stop cryptocurrency payments as an option.
According to Mark Cuban, Ethereum is a great investment opportunity, while Bitcoin is better than gold.
Bitcoin is a financial instrument against the mass printing of fiat currencies and that is why Barry Sternlicht owns some.
Mike Novogratz sees Bitcoin and Ethereum as better investment instruments than NFTs, advising investors to move gains from non-fungible tokens
Popular Ethereum wallet “MetaMask” is partnering with BitGo, Qredo, and Cactus Custody to offer complaint DeFi Access to large institutions.
Cream Finance has managed to recover a substantial chunk of the recently stolen cryptocurrency funds.