What is Ethereum?

"Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe."

- Ethereum.org
...
Show More

General

TICKER SYMBOLS
ETH
AGE
4 years old (July 30, 2015)
ICO / CROWDSALE
July 22, 2014 @ 04:00 AM - September 02, 2014 @ 04:00 AM
CURRENT PRICE
$244
Updated 6 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$1,415
Last year
CIRCULATING SUPPLY
106,192,805.31 coins
Updated 5 minutes ago via etherscan.io
MARKET CAP
$25,928,503,212
Updated 2 minutes ago
CREATOR
Vitalik Buterin

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (18,000,000 coins per annum)
PRE-MINED / RESERVED
Yes (12,000,000 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
30s
CURRENT BLOCK REWARD
5 coins
HASHING ALGORITHM
Ethash
DIFFICULTY ADJUSTMENT
Every block (~30 seconds)
1
ether (Ξ)
0.001
finney
0.000001
szabo
1E-18
wei

Member of the core team?

Manage this profile to post live updates, respond to reviews, add your team members, update profile info in real-time, and grow your community.
Manage This Profile