The history of Ethereum

Ethereum is a decentralized open-source blockchain platform, first proposed by programmer Vitalik Buterin in late 2013. While Bitcoin was originally developed as a digital currency, Ethereum introduced the concept of smart contracts — programs that can run on the blockchain without centralized control.

The Ethereum project was officially announced in January 2014. The development team consisted of Vitalik Buterin, Gavin Wood, Joseph Lubin, and others. In mid-2014, Ethereum launched a crowdfunding campaign, raising over 18 million dollars in bitcoins. It was one of the largest funding rounds at the time.

The Ethereum network was officially launched on July 30, 2015, with the first version named Frontier. Since then, Ethereum has undergone several major upgrades, including Homestead (2016), Byzantium (2017), Constantinople (2019), and the transition to Ethereum 2.0 (2022), which implemented the consensus mechanism. Ethereum uses Proof-of-Stake technology (PoS), enhancing energy efficiency.
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Currently, Ethereum serves as the foundation for the DeFi ecosystem (decentralized finance), NFT (non-fungible tokens), and thousands of decentralized applications (dApps). Ethereum (ETH), the internal cryptocurrency of Ethereum, is the second-largest cryptocurrency by market capitalization after Bitcoin and continues to play a key role in shaping the future of blockchain innovations. #Gate & WLFI USD1 Points Program#