Ethereum is Blockchain 2.0

Ethereum : The Smart Contract Platform

ETH logo

  • Ethereum was launched on 30 July 2015

  • The idea was proposed by Vitalik Buterin, Researcher and Programmer

  • Ethereum is a cryptocurrency and smart contract platform

  • Anyone can launch a Decentralised Application using the Smart Contract Functionality

  • Decentralized Voting Application on Ethereum Platform: blockchain ballot

Ethereum features

Ethereum features

  • Ether the native token is a cryptocurrency and also used as Gas to pay for executing transactions and smart contracts

  • A smart contract is lines of code with terms and conditions that can be executed without needing and intermediary

  • Ethereum helps to create Decentralized Autonomous Organisations using smart contract

  • DAOs are governed by blockchain protocol and logics coded in the smart contract

Important titbits

  • There are more than 10 million on-chain ether address with more than 0.01 ETH

  • Ether network does more than 1 million transactions per day

  • There are more than 9000 nodes in the Ethereum network