Leading Founder: Vitalik Buterin
Founded: White paper issued in 2013, sales of tokens started in 2014
Main network startup time: July 30, 2015
Issuance size: there is currently no upper limit, but the annual production is up to 18 million
Ethereum (trade name ETH) is the most important and valued cryptocurrency after Bitcoin. Ethereum, designed by blockchain, also adds the feature of Smart Contracts which allowed the developers to create the decentralized applications. They run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Through blockchain, Ether is not just a property, but also a crypto-fuel on Ethereum – users have to throw in the coin to activate the code on the network.
The demand for Ether has increased with the number of developers inventing on Ethereum. Being the no. 2 cryptocurrency, by market capitalization, a lot of investors see Ether compare favorably with Bitcoins. Noticeably, the founder of Ether, Vitalik Buterin is undoubtedly the spirit of Ethereum; his death hoax once caused the value of Ether plunged. Any moves of his has an influence on Ethereum. On the other hand, the internet capacity of Ethereum started to gain attention because of the rapid usage of the specific application. Delayed speeds of Ethereum has created pressure on the platform. Therefore, the core team is now working on expanding the internet capacity to solve the problem.