Next to Bitcoin , Ethereum is the Cryptocurrency everyone is talking about – and for good reason . Ethereum is an open-source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party .

THE IDEA FOR ETHEREUM IS CONCEIVED Following the rise of Bitcoin , in 2013 , Canadian developer Vitalik Buterin announced a new platform concept that would enable decentralised applications to introduce a new era of online transactions . His vision was to develop a decentralised platform that would enable the developer community to create Smart Contracts and Dapps to expand upon the possibilities Blockchain offered .

ETHEREUM CROWDSOURCING CAMPAIGN Ethereum ’ s co-founders raised US $ 18mn following a crowdsourcing campaign where they sold participants Ether ( Ethereum tokens ). The first live release of Ethereum – known as Frontier – was launched a year later .

ETHEREUM IS MINTED Immediately after its first fundraiser , Ethereum launched . 72 million coins were minted and distributed to those who funded the initial project . While an estimated 65 % of those coins remain with the initial investors , Ethereum has become one of the most heavily invested cryptocurrencies in existence .

16 May 2022