#StartInvestingInCrypto Here's the history and uses of Ethereum ¹ ²:
History:
- 2013: Computer scientist Vitalik Buterin published his Ethereum Whitepaper, which outlined innovations that would set Ethereum apart from other cryptocurrencies.
- 2014: The Ethereum team offered an ICO for ETH to early investors and raised about $18 million in BTC.
- 2015: The Ethereum blockchain launched under the codename "Frontier."
- 2016: The DAO hack occurred, where hackers stole roughly $50 million worth of ETH from a specific smart contract protocol on Ethereum that raised $150 million in ETH.
- 2017: Ethereum introduced new governance proposals and upgrades to its blockchain.
- 2022: The Ethereum team announced it would "merge" the PoW blockchain into the Beacon Chain, which was a success.
- 2022: The Chicago Mercantile Exchange (CME Group) announced it would offer Ethereum futures trading.
Uses:
- Ether (ETH) works as a platform for other cryptocurrencies.
- Execution of decentralized smart contracts.
- NFTs (non-fungible tokens) also made headlines in 2017.
- It is a decentralized open-source blockchain system that features its own cryptocurrency.#ETHETFsApproved $ETH $#Binance55thProject(IO) #ETHETFsApproved #BnbAth