Ethereum (ETH) price charts & trade volume - Indacoin

Ethereum

90.5819530706$

0.07%
1H Change
-8.8%
1D Change
-0.54%
1W Change
1583826867.44 $
Volume, 24h
9399953665.0 $
Market cap
103772919.0 $
Available supply
We already have Bitcoin, so why do we need Ethereum? Let’s dig into it! Bitcoin ensures fair and transparent money transfers. Ether, the digital currency of Ethereum, can play the same role. However, there’s much more to the functionality, offered by Ethereum.
What is Ethereum?
Ethereum is an open-source platform, that uses blockchain technology to allow distributed computing. It is secured by smart contracts and features its own cryptocurrency, called “ether”, as means of payment.

Where did it come from?

Ethereum was first offered as an idea at the end of 2013 by the Canadian programmer, Vitalik Buterin. Funded by a crowdsale that took place during the summer of 2014 the platform was finally presented to the world in July 2015.

What is ICO?

Many applications are built on Ethereum and they can also raise funds with Ether in a process that is called initial coin offering (ICO). The way it works is quite similar to what Kickstarter does. Programmers offer different tokens of value in exchange for funds (generally Ether) to cover the expenses for developing the app. When they reach a certain predetermined amount or a certain date occurs, the funds are released to programmers. If the goal fails to be met, funds go back to the initial contributors.

What is Ether?

Ether (ETH) is a digital currency and a value token used in Ethereum. Apart from being the means of payment for different services on the Ethereum platform, it is also featured on cryptocurrency exchanges and can be changed for real money.

What’s so special about “smart contracts” and what’s its difference from usual contracts?

Each transaction has 3 dimensions: Input – the origin of Bitcoin used in the transaction. It tells us where the current owner got it. Amount – the number of “coins” used. The main goal of the smart contract is to make sure all terms of a contract are executed properly. Its decentralized functionality provides more security for Ethereum contributors, using unbiased applications, stored in the blockchain, to verify and enforce its terms. This technology leaves almost no room for fraud. And while for the usual contract you would generally need a third party (lawyer) to deal with any issues, such as breach, smart contracts are unbiased and use mathematics to provide security.

How is Ethereum different from Bitcoin?

Inspired by Bitcoin, Ethereum also uses Blockchain technology, being hosted by the personal computers of volunteer programmers from all over the world. For this job, they get value tokens – Ether. Ethereum price is established by exchanges between people, just as it is with Bitcoin. The difference is huge though. Ethereum is, first of all, a platform for distributed computing. It provides an opportunity for programmers to create various decentralized apps (Dapps) on its base, get funds for operational expenses. This way no middle management is needed and so there are no additional expenses. Ethereum platform also uses smart contracts as ways of facilitation of relationships between parties and its own cryptocurrency, “ether”, as means of payment. It is fair to say that, though both Bitcoin and Ethereum are big and have some similarities, their purposes are initially different. The first is only a currency, while the second only uses Ether mainly for its internal purposes.

What are the most popular Ethereum wallets?

An Ethereum wallet is a program that allows you to manage your cryptocurrency: receive and send them, check balance and Ethereum exchange rate. Popular wallets: Jaxx, KeepKey, Ledger Nano S, Mist.
The brief history of Ethereum
Crowdsale is initiated to gather funds for creating Ethereum
The Decentralized autonomous organization (DAO) is created on Ethereum platform. Funded by a token crowdsale, it is at the moment the largest crowdfunding campaign in history
Ethereum gains 50% market share in initial coin offering
Ethereum exchange rate reaches 400 USD (5,000% rise since January)
The idea of Ethereum is offered by Vitalik Buterin, a Canadian programmer and founder of Bitcoin Magazine
30th of July platform goes online
The DAO is hacked, Ethereum value drops from 21.5 USD to 8 USD. This leads to Ethereum being forked in two blockchains in 2017
Enterprise Ethereum Alliance is created. Among members are Toyota, Samsung, Microsoft, Intel, Deloitte and other quite big names. The main aim of the Alliance is to determine how Ethereum functionality can be used in various aspects of life, such as management, banking, health, technology etc
All cryptocurrencies drop after China bans ICO, but quickly recover afterward.
Ethereum market cap reaches more than 36 billion dollars, its highest historical value, only to drop back to 30 billion after China’s ICO ban