Today We are going to learn About Ethereum (ETH)
What is Ethereum?
Ethereum is the second biggest crypto
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. … Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine(EVM), which can execute scripts using an international network of public nodes.
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. The system then went live on 30 July 2015, with 72 million coins mined.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, Ethereum was split into two separate blockchains — the new separate version became Ethereum (ETH) with the theft reversed, and the original chain continued as Ethereum Classic.
Like other blockchains, Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money. If you’ve heard of Bitcoin, ETH has many of the same features. It is purely digital, and can be sent to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company — it is decentralized, and it is scarce. People all over the world use ETH to make payments, as a store of value, or as collateral.
But unlike other blockchains, Ethereum can do much more. Ethereum is programmable, which means that developers can use it to build new kinds of applications.
These decentralized applications (or “dapps”) gain the benefits of cryptocurrency and blockchain technology. They are reliable and predictable, meaning that once they are “uploaded” to Ethereum, they will always run as programmed. They can control digital assets in order to create new kinds of financial applications. They can be decentralized, meaning that no single entity or person controls them.
Right now, thousands of developers all over the world are building applications on Ethereum, and inventing new kinds of applications, many of which you can use today.
Buy Ethereum in Coinex:
There are many exchanges like Coinex,coinbase,coinmama,kraken,Gemini,Bitfinex from where you can buy Ethereum.
The Best Exchange to buy Ethereum-CoinEx: www.coinex.com
Ethereum is Trading with 20 Pairs in Coinex Exchange.
The Future of Ethereum:
Although the Ethereum blockchain is the second most popular in the cryptocurrency industry, it actually has a few issues regarding scalability. (Scalability refers to the number of transactions a blockchain can process per second.) Ethereum is only able to process 15 transactions per second. In the early days of the project, this was not a problem, as not many people were using it. However, as Ethereum has got more popular, it has become the biggest issue the Ethereum blockchain faces.
To give an idea of how limited it is, the NEO blockchain (which can also process smart contracts) can reportedly process up to 10,000 transactions per second. Unless the Ethereum developers resolve their scalability issue, then organizations might consider using other blockchains to host their smart contracts and dApps instead of Ethereum. If this happens in thefuture of Ethereum, its price is likely to crash.This issue is of paramount importance.
Fortunately, the Ethereum developers are fully aware of these issues and they are in the process of making some significant changes Like Proof-of-Stake (Casper),Plasma,Sharding,Raiden.
Ethereum developers have been working on the launch of Ethereum 2.0, with the network looking to migrate to the Proof of Stake protocol. According to Ethereum co-founder, Vitalik Buterin, the significant development to Ethereum.20 in 2020 would be the launch of Phase 0.