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Ethereum is an open-source decentralized blockchain system with its own cryptocurrency, Ether. ETH serves as a platform for the execution of decentralized smart contracts as well as a platform for numerous other cryptocurrencies.
Vitalik Buterin first described Ethereum in a whitepaper in 2013. Buterin and his co-founders raised funds for the project through an online public crowd sale in the summer of 2014. The project team raised $18.3 million in Bitcoin, and the price of Ethereum in the Initial Coin Offering (ICO) was $0.311, with more than 60 million Ether sold. Using Ethereum’s current price, the annualized return on investment (ROI) is over 270%, essentially quadrupling your investment every year since the summer of 2014.
Ethereum has eight co-founders, which is unusually high for a cryptocurrency project. They first met in Zug, Switzerland, on June 7, 2014.
Vitalik Buterin, a Russian-Canadian, is perhaps the most well-known of the group. He wrote the first white paper describing Ethereum in 2013 and continues to work on improving the platform to this day. Buterin previously co-founded and wrote for the Bitcoin Magazine news website.
Gavin Wood, a British programmer, is arguably the second most important co-founder of ETH, having coded the first technical implementation of Ethereum in the C++ programming language, proposed Ethereum’s native programming language Solidity, and served as the Ethereum Foundation’s first chief technology officer. Wood previously worked as a research scientist at Microsoft. He then went on to found the Web3 Foundation.
Among the other Ethereum co-founders are: – Anthony Di Iorio, who underwrote the project in its early stages. – Charles Hoskinson, who was instrumental in establishing the Ethereum Foundation and its legal framework in Switzerland. – Mihai Alisie, who assisted in the establishment of the Ethereum Foundation. – Joseph Lubin, a Canadian entrepreneur who, like Di Iorio, helped fund Ethereum in its early days and later founded ConsenSys, an incubator for ETH-based startups. – Amir Chetrit, who helped co-found Ethereum but left early in its development.
You can trade Ethereum on Digifinex, WhiteBIT, and XT.COM. Popular trading pairs for Ethereum in the market includes ETH/USD, ETH/CAD, ETH/EUR, ETH/PHP, ETH/INR, and ETH/IDR.
