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ethereum

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Coin Overview

ETH

Coin

No fixed cap

Smart contracts

Jul. 30, 2015

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Ethereum

Ethereum (ETH) is the world’s leading smart contract blockchain. Unlike Bitcoin, which mainly serves as digital money, Ethereum lets developers build decentralized apps (dApps) ranging from finance to NFTs. ETH is used for payments, transaction fees (“gas”), and staking. Its flexibility has made it the foundation of DeFi, NFTs, and countless Web3 innovations.



A Deeper Dive

The Ethereum team in their Miami house rented by Antony Di Iorio for the 2014 Bitcoin conference. Top (left to right): Dino Mark, Yanislave Malahov, Charles Hoskinson, Antony D’Onofrio, Steve Dakh, Wendell Davis, Jonathan Mohan, Joseph Lubin, Louis Parker. Bottom (left to right): Gavin Wood, Vitalik Buterin, Anthony Di Iorio, Taylor Gerring, Jason Colby, Kyle Kurbegovich.
The Ethereum team in their Miami house rented by Antony Di Iorio for the 2014 Bitcoin conference. Top (left to right): Dino Mark, Yanislave Malahov, Charles Hoskinson, Antony D’Onofrio, Steve Dakh, Wendell Davis, Jonathan Mohan, Joseph Lubin, Louis Parker. Bottom (left to right): Gavin Wood, Vitalik Buterin, Anthony Di Iorio, Taylor Gerring, Jason Colby, Kyle Kurbegovich.

Technology & Use Case

Ethereum introduced smart contracts — self-executing programs that run on the blockchain. Developers use Ethereum to build dApps for finance, gaming, NFTs, and more. In 2022, Ethereum transitioned from proof-of-work to proof-of-stake, reducing energy use by 99%. ETH fuels the network: it pays for gas fees, staking rewards, and secures transactions.


Origins & Team

Ethereum was proposed in 2013 by Vitalik Buterin, a programmer inspired by Bitcoin but wanting a more flexible system. He co-founded Ethereum with Gavin Wood, Charles Hoskinson, Joseph Lubin, Anthony Di Iorio, and others. The project raised funds through a 2014 crowdsale and launched its mainnet in 2015. Vitalik remains Ethereum’s most recognized voice, though the project is community-driven.


Ecosystem & Partnerships

Ethereum powers much of the Web3 ecosystem, hosting thousands of tokens, DeFi protocols, and NFT platforms. Major projects like Uniswap, Aave, and OpenSea run on Ethereum. It’s supported by the Ethereum Foundation and a global developer community. With scaling solutions like rollups (Optimism, Arbitrum) and the upcoming sharding roadmap, Ethereum aims to stay the backbone of decentralized applications.


A Deeper Dive

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