![]() On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an upgrade process known as "the Merge". Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings. Ethereum also allows users to create and exchange NFTs, which are unique tokens representing ownership of an associated asset or privilege, as recognized by any number of institutions. Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, such as allowing cryptocurrency users to borrow against their holdings or lend them out for interest. Ethereum allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. Įthereum was conceived in 2013 by programmer Vitalik Buterin. ![]() Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ether ( Abbreviation: ETH sign: Ξ) is the native cryptocurrency of the platform. Go, Rust, C#, C++, Java, Python, Nim, TypeScriptĮthereum is a decentralized, open-source blockchain with smart contract functionality. Paris-Bellatrix / 15 September 2022 16 days ago ( ) Ethereum Foundation, Hyperledger, Nethermind, OpenEthereum, EthereumJS, ConsenSys, Prysmatic Labs, Sigma Prime, Status, ChainSafe, Ledgerwatch, Torquem
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