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17.84% -
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0.25% -
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18.48% -
Bittensor
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-4.11%
What is Ethereum (ETH)? Ethereum (ETH) issue price, total amount and white paper introduction
Ethereum's decentralized platform allows users to develop and interact with decentralized applications (dApps) and smart contracts.
Oct 12, 2024 at 11:18 am
Understanding Ethereum (ETH)
1. What is Ethereum (ETH)?
Ethereum is a decentralized blockchain platform that enables the development of decentralized applications (dApps) and smart contracts. It allows users to interact with these applications and contracts without the need for intermediaries.
2. Ethereum (ETH) Issue Price
The initial issue price of Ethereum (ETH) was $0.311 in 2014.
3. Ethereum (ETH) Total Amount
The maximum supply of Ethereum (ETH) is capped at 18,914,137 tokens.
4. Ethereum (ETH) White Paper
The Ethereum (ETH) white paper was published in 2013 by Vitalik Buterin, a programmer and cryptocurrency researcher.
White Paper Introduction
The Ethereum white paper outlines the concept, design, and implementation details of the Ethereum platform. It describes the following aspects:
- Blockchain: Ethereum operates on a blockchain, a distributed and immutable ledger.
- Smart Contracts: Ethereum allows the creation of self-executing contracts that are stored on the blockchain.
- Ether (ETH): The native cryptocurrency of the Ethereum platform used to pay transaction fees and execute smart contracts.
- Ethereum Virtual Machine (EVM): A runtime environment that executes Ethereum bytecode, enabling the deployment of dApps on the platform.
- Decentralized: Ethereum is designed to be a decentralized platform, eliminating the need for central authorities or intermediaries.
- Security: The Ethereum blockchain is secured through a proof-of-work consensus mechanism, ensuring the integrity and immutability of transactions.
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