What is Ethereum ?
Ethereum is the second-biggest cryptocurrency by market cap after Bitcoin. It is also a decentralized computing platform that can run a wide variety of applications — including the entire universe of DeFi.
Ethereum is an open-source decentralized platform that introduced the concept of smart contracts into the blockchain space. Through these smart contracts, developers using the Ethereum network are able to create their own decentralized apps and tokens.
Founder of Ethereum?
Ethereum’s 27-year-old co-founder, Vitalik Buterin, has reclaimed the title of the world’s youngest crypto billionaire thanks to ether’s latest gains. Forbes estimates his total wealth at $1.46 billion.
Buterin entered the three comma club in early May, when Ethereum’s native token crossed the $3,000 mark for the first time. However, he lost his billionaire status when ether, along with the rest of the cryptocurrency market, fell later that month to a low of $1,725.19 after electric car manufacturer Tesla stopped accepting bitcoin as payment and Chinese regulators intensified the crackdown on cryptocurrency trading and mining activities.
How does Ethereum work.
Like all cryptocurrencies, Ethereum works on the basis of a blockchain network. A blockchain is a decentralized, distributed public ledger where all transactions are verified and recorded.
When Ethereum was launched?
Ethereum, which launched in 2015, is the second-biggest cryptocurrency by market cap after Bitcoin. But unlike Bitcoin, it wasn’t created to be digital money.
Benefits of Ethereum.
1. Avoids intermediaries.
2. Constant innovation.
3. Wide range of functions.
4. Large, existing network.
Ethereum long term price prediction.
The panel expects the price to continue to rise going forward, giving average predictions of $10,810 by 2025 and $26,338 by 2030. These would mark returns of 233% and 710% respectively from the price at the time of writing.11
