Ethereum Explained

Vitalik Buterin the founder of Ethereum explains his blockchain technology.

Ethereum - ETH

Wiki for the win on Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.[2] It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.[2][3]Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale during July–August 2014.[4] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale.[5] This accounts for approximately 13 percent of the total circulating supply.[when?]In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project. The two chains have different numbers of users, and the minority fork was renamed to Ethereum Classic.[6] The majority fork has retained the name Ethereum (the subject of this article).[7][8][9]

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We will link you some content to further expand your knowledge base for Ether but this summer ICO also known as Initial Coin Offer are so hot right now they are blowing their own expectations out of the water, see more below.


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