ETHEREUM (ETH)
Proposed By: Vitalik Buterin
Symbol: ETH
Date of introduction: 30 July 2015
What Is Ethereum?
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.[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.[3] “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.[2][4]
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014.[5] The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale.[6] This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains – the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).[7][8][9]
Where Can I Buy Ethereum
A quick step-by-step guide on how to buy bitcoins with the credit card or bank account on Coinbase:
- Create account. Open your account on Coinbase.
- Connect credit card. Add your credit card to your Coinbase profile
- Verify ID. Verify your ID with Coinbase.
- Buy Ethereum! Buy ETH using your credit card or bank account.
Get $10 or €10 worth of free Ether when you buy more than $100 or €100 worth through http://bit.ly/coincryptobase
Where Can I Store My Ethereum?
Recommended Wallets For Storing Your Ethereum
Cloud Based
Local HD
Hardware Wallet
