Ethereum (ETH) ![]() Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ether is the cryptocurrency generated by the Ethereum platform as a reward to mining nodes for computations performed and is the only currency accepted in the payment of transaction fees.[1] Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.[2] The virtual machine's instruction set, in contrast to others like Bitcoin Script, is Turing-complete. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.[2] Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.[2] The system then went live on 30 July 2015, with 72 million coins minted.[3][4] This accounts for about 65 percent of the total circulating supply in April 2020[5].[6][non-primary source needed] In 2016, as a result of the exploitation of a flaw in The DAO project's smart contract software, and subsequent theft of $50 million worth of ether,[7] Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH) with the theft reversed,[8] and the original chain continued as Ethereum Classic (ETC).[9] The following are handy Ethereum related websites: BTC Direct Crypto currency exchange, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP) https://www.btcdirect.comLive Coin Livecoin Exchange is #1 Cryptocurrency provider – we provide intuitive, simple interface for beginners and an array of enhanced features for more experienced traders, interested in detailed information on the markets. Coinpaprika Cryptocurrency Research Platform | Coin Market Capitalizations | Top 100 Cryptocurrencies | Coinpaprika Stacking rewards Staking Calculator to predict crypto income - The intelligent Income and Reward Calculator allows you to predict revenue streams through staking, masternodes, dividends etc. - Calculate now! |