Sunday, January 23, 2022

ETHEREUM SHORT HISTORY.

 Ethereum is a big platform which is pioneered by Blockchain technology that is known for its Traditional crypto currency known  as Ether , or Eth or rather Ethereum as fully addressed.

The large shared nature of the Blockchain technology is what makes the ethereum platform safe and secured , and in that case he security enables Eth to accrue its normal value .

Many #decentralized_finance (#Defi) and other apps uses smart contracts  in relation with Blockchain technology.

BRIEF ORIGIN OF ETHEREUM

Around mid year 2013 , Vitalik Buterin was acredited with the concept of Ethereum as he published a white paper to introduce it middle of 2013 even though it was later launched properly around 2015 by Buterin and then master Joe Lubin , the father of Blockchain technology company .

The major founder of Eth were in the list of the first to look at the full potentials of the Blockchain technology ,even beyond ordinarily enabling the secure trading of virtual currency.

One noteable thing about Eth history is the HARD FORK, or split of ether and ether classic in the year 2016 , a group of channels participants gained the majority control over the eth Blockchain to steal and hide over $50 million worth of Eth , which had been raised from a particular project known "DAO" , the success of this was somehow attributed to the involvement of a third_party developer for the project .

Since the launch of Ethereum round 2015 , Eth (Ether) as on of the today big crypto currency has risen to become the second largest in all the crypto currency by value , outranked by only Bitcoin which is the first ever launched crypto currency , launched around January 2009.

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