An overview of Ethereum
Nowadays, after Bitcoin, you will always find the name Ethereum. Whether its value or popularity Ethereum has risen in demand drastically since its inception in early 2014. That is why we are going to present, in what follows, a short overview of Ethereum and its coin Ether. You can learn more about cryptocurrencies and their rates and market values at icopulse.com.
Ether or ETH, the Ethereum currency
Ether or ETH as its known looks like a promising currency. Ether is a currency that works on the software Ethereum. The wonder of Ether lies in Ethereum. Ethereum serves as a blockchain with extremely strong cryptography. That means it has such a strong code that it cannot be changed or altered.
This security enables it to be a very strong platform for more than just a cryptocurrency. It is capable of acting like a decentralized program for transmission of assets, contracts and many more things.
The programming language of Ethereum is SOLIDITY, and it is used for writing various Dapps and contracts that work on Ethereum. Ether then assists in executing these. Due to these qualities, Ethereum is also given the title of programmable money.
Ethereum does not require any supervision or censorship and is completely autonomous.
Other things to know about Ethereum
Ethereum came into being in January 2014. This was done in the North American Bitcoin Conference held in Miami. The person who invented Ethereum is a Russian programmer by the name of Vitalik Buterin. His endeavor was soon joined by Dr. Gavin Wood in July 2014 and in this way, Ethereum software flourished after raising $18 million initially.
The generation of Ether is constant at a linear rate of 0.3 times the amount of presale. So the total amount of Ether released per years would be approximately 18 million through the block mining process. This would disintegrate as the release of 5 Ethers for the miner. One block is mined at every 12-14 seconds.
Ether today values at $126 approximated 10 times since last year and is poised to grow further. What remains to be seen is whether this cryptocurrency and smart blockchain network will stand the test of time and market or not.
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