DEFINITION of Ethereum
Launched in 2015, Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (Apps) to be built and run without any downtime, fraud, control or interference from a third party. The platform is also the basis for its own virtual currency, Ether. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The potential applications of Ethereum are wide ranging.
The applications on Ethereum are run on its platform-specific cryptographic token, ether. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response. Ether is like a vehicle for moving around on the Ethereum platform, and is sought by mostly developers looking to develop and run applications inside Ethereum. Ether is used broadly for two purposes, it is traded as a digital currency exchange like other cryptocurrencies and is used inside Ethereum to run applications and even to monetize work. The current market cap of ether (ETH) is now more than Ripple and Litecoin although its far behind bitcoin (BTC).
According to Ethereum, it can be used to codify, decentralize, secure and trade just about anything. One of the big projects around Ethereum is Microsofts partnership with ConsenSys which offers Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure so Enterprise clients and developers can have a single click cloud based blockchain developer environment.
In 2016 Ethereum was split into two separate blockchains - Ethereum, and Ethereum Classic, after a malicious actor stole more than $50 million worth of funds which had been raised on The DAO, a set of smart contracts originating from Ethereum's software platform. The new Ethereum was a hard fork from the original software intended to protect against further malware attacks. As of July 2018 Ethereum was the second-largest virtual currency on the market, behind only Bitcoin. It is much faster to acquire ether currency than bitcoin (about 14 or 15 seconds to bitcoin's near-uniform 10 minutes) and there are far more ether units in circulation than there are bitcoin.
Excerpt from:
- How does Ethereum work - Medium [Last Updated On: February 3rd, 2018] [Originally Added On: February 3rd, 2018]
- Ethereum - BTCMANAGER [Last Updated On: February 19th, 2018] [Originally Added On: February 19th, 2018]
- This Giant Infographic Compares Bitcoin, Ethereum, and ... [Last Updated On: February 19th, 2018] [Originally Added On: February 19th, 2018]
- What is Ethereum? | CryptoCompare.com [Last Updated On: February 23rd, 2018] [Originally Added On: February 23rd, 2018]
- The Top 10 Best Ethereum Wallets (2018 Edition) [Last Updated On: February 23rd, 2018] [Originally Added On: February 23rd, 2018]
- Ethereum fixes serious eclipse flaw that could be exploited ... [Last Updated On: March 7th, 2018] [Originally Added On: March 7th, 2018]
- How does Ethereum work, anyway? - Medium [Last Updated On: April 25th, 2018] [Originally Added On: April 25th, 2018]
- Free-Ethereum.com - Free Ether! [Last Updated On: May 31st, 2018] [Originally Added On: May 31st, 2018]
- What is Ethereum? | The Ultimate Beginners' Guide [Last Updated On: June 20th, 2018] [Originally Added On: June 20th, 2018]
- Ethereum Mining Guide for AMD and NVidia GPUs - Windows ... [Last Updated On: June 20th, 2018] [Originally Added On: June 20th, 2018]
- Ethereum: Blockchains, Digital Assets, Smart Contracts ... [Last Updated On: July 16th, 2018] [Originally Added On: July 16th, 2018]
- Ethereum Price - Mobile Friendly Price of Ether [Last Updated On: July 16th, 2018] [Originally Added On: July 16th, 2018]
- Ethereum Soars with over a 2,800% Rally - Coin News Asia [Last Updated On: July 28th, 2018] [Originally Added On: July 28th, 2018]
- Ethereum Co-Founder Joseph Lubin Says Speculators Driving ... [Last Updated On: August 20th, 2018] [Originally Added On: August 20th, 2018]
- Bitcoin and Ethereum: A Look At The Week Ahead [Last Updated On: September 2nd, 2018] [Originally Added On: September 2nd, 2018]
- EthereumPrice - Official Site [Last Updated On: October 3rd, 2018] [Originally Added On: October 3rd, 2018]
- Ethereum Classic Price Analysis: ETC/USD Could Revisit $12 [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Ethplorer Ethereum tokens explorer and data viewer. Top ... [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Buy and Sell Ether With The Peer-to-Peer Ethereum ... [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Ethereum Price - CoinDesk [Last Updated On: October 18th, 2018] [Originally Added On: October 18th, 2018]
- EthereumPrice.org - USD Price, Charts & History [Last Updated On: October 18th, 2018] [Originally Added On: October 18th, 2018]
- Report: Whales Accumulate Ethereum (ETH) En-Masse Amid Bear ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- GitHub - ethereum/go-ethereum: Official Go implementation of ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- Ethererum Crypto-Economics Index Real-time Price Charts and ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- Ethereum Definition | Investopedia [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- What is Ethereum Gas: Step-By-Step Guide - Blockgeeks [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Ethereum Price Analysis: ETH Could Extend Losses Below $80 ... [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Ethereum Price Analysis: ETH Could Turn Bullish Above $90 ... [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Bitcoin, Ethereum, Ripple Prices Surge Higher; FOMO Santa Rally? [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Ethereum Co-Founder Calls the Cryptobottom of 2018 ... [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Part 1: Ethereum vs NEO Which blockchain will provide ... [Last Updated On: December 31st, 2018] [Originally Added On: December 31st, 2018]
- Ethereum Price Analysis: ETH Corrects Sharply, Can It Hold ... [Last Updated On: December 31st, 2018] [Originally Added On: December 31st, 2018]
- Ethereum: JPMorgan, Microsoft, Banks Form ... - fortune.com [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum News | Ethereum News today | Latest Ethereum News [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum (ETH) - Price, Chart, Info | CryptoSlate [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum Cash Pro [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- What Is Ethereum? Here's What You Need To Know [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- What is Ethereum? | The Ultimate Beginners Guide [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Ethereum Classic - A smarter blockchain that takes digital ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Ethereum Price Analysis: ETH Relatively Muted, Next Move ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Buy and Sell Ether With The Peer-to-Peer Ethereum Marketplace ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- What is Ethereum? | The Ultimate Beginners' Guide - CoinCentral [Last Updated On: January 30th, 2019] [Originally Added On: January 30th, 2019]
- Ethereum Price Analysis: ETH Breaks Down, Turned Sell on ... [Last Updated On: January 30th, 2019] [Originally Added On: January 30th, 2019]
- Ethereum Price Analysis: ETH Remains Sell Near $128 ... [Last Updated On: March 6th, 2019] [Originally Added On: March 6th, 2019]
- Ethereum Price Analysis: ETH Remains Sell Near $128, Target ... [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Create a cryptocurrency contract in Ethereum [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Ethereum Price Analysis: ETH Buyers Wont Give Up Easily ... [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Buy and Sell ETH With The Peer-to-Peer Ethereum Marketplace ... [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Technical Analysis - FXStreet [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum - reddit [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum vs Bitcoin: The Battle for the Crypto Throne - Coindoo [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Price Analysis: ETH Could Make a Sustained Move ... [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Project [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum - Official Site [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Ethereum (ETH) Price Starts Much Awaited Rebound To $170 [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Price Analysis: ETH Corrects But More Upsides Likely ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Price Analysis: ETH Primed For Additional Losses ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Won't Fail: Joseph Lubin - ccn.com [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum (ETH) Price Starts Fresh Increase: Bitcoin Leading ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Bitcoin Booming As Ethereum, Ripple's XRP, EOS And Litecoin ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Bounty Program [Last Updated On: May 30th, 2019] [Originally Added On: May 30th, 2019]
- Dark Horses of dApps: 6 Blockchains With Ethereum In Their Sights - Crypto Briefing [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Latin Americans get two new ways to trade Bitcoin, Ethereum, and more - Decrypt [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Ethereums Bearish Wave Count Outlined by Cryptocurrency Analyst - BeInCrypto [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- XRPs Third Quarter Inflation Rate Was Lower Than Ethereum (ETH) and Litecoin (LTC) - SludgeFeed [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Ethereum (ETH) Dives To $170, Is $160 Next Bear Target? - newsBTC [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Thomson Reuters: Bringing Smart Contracts to the Mainstream With Ethereum & Chainlink - Blockonomi [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Crypto Analyst: Ethereum Has Bottomed, Expected To See Extended Rally - newsBTC [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum - Coindesk [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Cryptocurrency market update: Kicks of a dying horse as Bitcoin, Ethereum and Ripple remain suppressed - FXStreet [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 22 October - FXStreet [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereums gas prices show an unusual surge when the Asian market sleeps - AMBCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Whale Consolidates $88M Worth of Ethereum in Two Transactions - BeInCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Falls 10% In Selloff - Yahoo Finance [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- TRON Joins Bitcoin And Ethereum On Opera Browser - Crypto Briefing [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum (ETH) Rebound Faces Major Hurdle Near $180 - newsBTC [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Breakout Above $360 Means Skys the Limit, Believes Cryptocurrency Analyst - BeInCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Futures: The Next Big Derivative to Hit the Market? - Cointelegraph [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum and Stellars Lumen Daily Tech Analysis 23/10/19 - Yahoo Finance [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Why Bear Market Ethereum Futures Are a Better Bet That Bitcoins - newsBTC [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]