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
There are now more than 1.1 million test ethers (ETH) validating the Ethereum 2.0 Medalla testnet. Active validators have also
Trading volumes on decentralized token swap platform Uniswap have surpassed those for one of the world’s largest centralized exchanges, Coinbase.
SushiSwap is somewhat of a fork of Uniswap and it has already received upwards of $350 million locked in the
As Ethereum network fees continue to climb, crypto companies are looking for alternatives to bring the cost of transfers back
Snowfork is working on developing a trustless general-purpose bridge between Polkadot and Ethereum.
South Korean cryptocurrency exchange Coinbit is under the authorities' radar for faking its trading volume and profiting some $85 million
Millions of dollars have been lost by unfamiliar DeFi investors falling victim to the common 'rug pull' practice.
As a part of a larger deal, the blockchain-oriented company ConsenSys has acquired JPMorgan's DLT platform Quorum.
CryptoPotato had the chance to interview Garth Travers, Communications Manager at Synthetix, to give us insights into the project and