What is Ethereum (ETH)

Looking for information about Ethereum? In a series of token info articles, we will help you to understand the main information about the most-known cryptocurrencies and their working principles.

Ethereum (ETH – Trade it here) is a decentralized, open-source blockchain with smart contract functionality. Ether Coins (ETH) are the native cryptocurrency of the platform. Right now, Ether is second only to Bitcoin (BTC) in market capitalization.

When Ethereum was found?

Ethereum was created in 2013 by Russian programmer Vitalik Buterin. Additional founders of Ethereum Platform included Gavin Wood and Charles Hoskinson, Anthony DiLorio and Joseph Lubin. In 2014, development work commenced and was crowdfunded. ETH’s network went live on 30 July 2015.

Ethereum platform

Ethereum platform allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, such as allowing cryptocurrency users to borrow against their holdings or lend them out for interest. Ethereum also allows for the creation and exchange of NFTs, which are non-interchangeable tokens connected to digital works of art or other real-world items and sold as unique digital property. Additionally, many other cryptocurrencies operate as ERC-20 tokens on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.

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The content of this webpage is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

Please note that the information and data above are cited from third-party sources & whitepapers and do not represent MEXC. Please refer to direct sources for more details. This is not financial advice and does not constitute an offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances. Investment involves risk.

This disclaimer informs readers that the MEXC Creator’s content, views, thoughts, and opinions expressed in the articles belong solely to the creators and authors, and not to MEXC Global itself. MEXC Global doesn’t give any investment recommendations or advice.

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