Happy Birthday, Ethereum! – Crypto Marina [Maryna Petrychenko]
4 year ago, on 30th July 2015, the first release of Ethereum was announced— this changed the technoly world and crypto community space forever..
Ethereum was announced by Vitalik Buterin at the North American Bitcoin Conference in Miami, in January, 2014. But the official “birth” of it is on 30.07.2015 — when Stephan Tual posted on blog after first Live release of the Ethereum project. That blog title was “ Ethereum Launches “.
It was not Big Day only for Ethereum, it was the begining of the Crypto Revolution! At that time Ethereum was traded approximately nearly 50 cents . Today is second biggest cryptocurrency in the world.
To celebrate this date, I decided to have a look (and share it with the world) at the impressive journey of this revolutionary coin. But before we go there, what exactly is Ethereum?
Ethereum is an open-source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. Ethereum allows developers to deploy all kinds of decentralized apps. Actually I think, that was the reason ETH became so popular — thanks to ERC20 platform over thousand of projects have been built so far and the number keep growing.
- November 2013: Vitalik Buterin publishes the Ethereum whitepaper.
- January 2014: The development of the Ethereum platform was publicly announced. The original Ethereum development team consisted of Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson.
- August 2014: Ethereum ends their ICO and raises $18.4 million.
- May 2015: “Olympic” the Ethereum testnet releases.
- July 30, 2015: The first stage of Ethereum’s development, “Frontier” was released.
- March 14, 2016: Homestead, the first “stable” Ethereum release, went out on block 1,150,000.
- June 2016: The DAO hack happens and the $50 million worth of Ether, which was 15% of the total Ether in circulation back at the time.
- October 25, 2016: Ethereum Classic forks away from the original Ethereum protocol.
- October 16, 2017: The Metropolis Byzantium hardfork update happens.
- February 28, 2019: The Metropolis Constantinople hardfork update happens
Next big milestone : release of Ethereum 2.0 — known as Serenity.
Serenity is how Ethereum finds redemption — it will help Ethereum to handle its scalability and high transaction fee cost. It is more than just a Proof of Stake Casper protocol. It’s what needs to happen and go smoothly for Ethereum to become viable. The world is moving fast. Facebook has broken stuff. Governance hasn’t caught up to the tech. The tech in China is creating a “second internet” where facial recognition and mass surveillance is the new normal. The public blockchain stands for something else entirely, a world of opportunity with cryptoeconomics.
Vitalik Buterin presented this concept at Devcon 4 and the keynote is really worth watching:
Published at Tue, 30 Jul 2019 12:31:40 +0000
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