When did Ethereum come out (when did Ethereum start)
When did Ethereum come out? When did Ethereum come out
On October 1, 2014, Satoshi Nakamoto released the first code of the Bitcoin white paper when it “forked”. After this, various variables occurred:
1. Bitcoin started from 0 to 1 dollar 2. Ethereum has increased from 300 yuan to over 1000 yuan And Bitcoin also failed to break through 1 million points due to the lack of a consensus mechanism to support transactions in a large block at that time. It wasn’t until December last year that it reached over 400 nodes, and a considerable number of people dug up Bitcoin, but this number is still very high. Now, a total of three people are using Bitcoin for packaged transactions, and they all know that Bitcoin is a distributed system, It is through the operation of this blockchain system that we can understand it as a network of Bitcoin and a database of the entire Internet However, for ordinary users, it is unlikely to buy anything with Bitcoin because to spend money on it, a certain cost must be paid to achieve its value; Secondly, Bitcoin itself does not have enough security and scalability, and there is no widely accepted scenario at present: many people will say that Bitcoin is just for making money, but Ethereum, which is made for speculation, does not exist, so people’s attitudes and views on it are not very consistent. So the question arises, what exactly is Ethereum? Why do everyone want to participate? The reason is simple: Bitcoin is a monetary system. Bitcoin has become one of the most popular networks in the world because it is the first crypto asset (such as BTC) in the world. Its main function is to exchange virtual goods such as legal tender or Fiat money as Electronic cash When it comes to Bitcoin, the first thing that comes to mind is Bitcoin, followed by Bitcoin’s smart contracts. If Bitcoin is regarded as a financial tool after its appearance in the past few years, it is actually the basic token of Ethereum. Of course, with the development of market conditions, many investors also believe that Bitcoin prices will continue to rise. Although the price of Bitcoin does not fluctuate much, due to its scarcity, the market dominated by Bitcoin has attracted more and more attention, and some people even classify it as a Ponzi scheme The birth of Ethereum represents an important direction for the future development of Bitcoin: it can make more people realize the significance of Bitcoin and have greater economic potential; More importantly, the underlying technology of Bitcoin, also known as the PoW mechanism, makes it more secure and allows Bitcoin to play more roles
Bitcoin was first issued on November 13, 2009, and was later identified as an illegal fund-raising project by the U.S. Securities and Exchange Commission due to the public chain dispute. In the following years, the price of Bitcoin gradually fell back, and finally entered the horizontal consolidation state. At the end of 2013, Bitcoin plummeted to 3000 dollars. When did Ethereum start
when did Ethereum start? In fact, after Bitcoin, Ethereum has its own version
From the perspective of the history of Bitcoin, it is also an ancient currency: Bitcoin was originally a Cryptocurrency invented by a man named V God, but later with the development and popularity of the network, Ethereum became one of the most familiar names, because it is the earliest application in blockchain technology Bitcoin was born on December 16, 2009, which was the largest transaction at that time and gave rise to a new digital currency – ETH (Ethereum). However, due to its slow development speed, the price has dropped, and ETH’s price has also risen to over $100 now
But Ethereum has not seen a big increase, and its token market value is also rising. So that the price of Ethereum has risen all the way up to more than 1000 dollars today. If we calculate according to this time period, the total value of Ethereum can reach 20 million yuan
Then why is Ethereum so popular? This is because it is a decentralized financial project, which realizes the transfer, exchange and other functions of financial assets through smart contracts, allows people to participate in various activities and behaviors in the financial world, and even creates a new business model. This new Distribution of wealth is “lending money to others to make money”
And the reasons why Ethereum has attracted so many people are mainly as follows:
First, Ethereum is still in the initial stage of development; Secondly, Ethereum 2.0 has just been launched, so its circulation is far lower than the peak of ICO in 2017, which means that these investors did not invest too much money
The third Ethereum developer believes that Ethereum 3.0 will become the infrastructure in the future public chain to ensure its stability and security and make the whole system more secure and reliable.
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