Ethereum is a significant player in the crypto space, as evidenced by its market capitalization and the vast array of solutions that entities have built on the Ethereum blockchain. However, the network has faced difficulty in scaling. Its transition over to the consensus layer aims to solve its challenges. However, only time will tell regarding the results.
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Ethereum’s early days
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Although the Ethereum blockchain has a number of founders, Vitalik Buterin was the one who initially published a white paper explaining the concept of Ethereum in November 2013. Following Buterin’s initial work, other brains jumped on board in various capacities to help bring the project to fruition. Vitalik Buterin, Gavin Wood, Charles Hoskinson, Amir Chetrit, Anthony Di…
Ethereum price history
Byadmin
Ethereum’s price history reveals an eventful ride over the years. In ETH’s early days, the coin traded below $2.00 at times. The Ethereum price chart shows ETH’s price history on Cointelegraph’s Ethereum price index. ETH traded below $15.00 per coin in early 2017 and surged all the way up to around $1,400 per ETH in January…
Ethereum’s stages of progress
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Although the July 2015 birth of the Ethereum blockchain brought the project to life, its development would be a lengthy process spanning years. Called Frontier, the first iteration of the Ethereum blockchain simply got the chain off the ground and running, hosting smart contracts and proof-of-work (PoW) mining. The initial launch gave folks the opportunity to set…
The DAO hack
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Some of the Ethereum blockchain’s updates over time were a planned part of Ethereum’s progression, although others were adjustments based on events or factors that called for changes to the blockchain. The decentralized autonomous organization (DAO) fork, for example, served as an effort to circumvent a hack. DAOs are a general concept in the crypto industry, whereas…