Ethereum (ETH or Ξ) is a blockchain platform with smart contract functionality.[2] Ethereum has a function like a virtual machine that can run peer-to-peer smart contracts with Ether (ETH) cryptocurrency. Ethereum is a large project started by Vitalik Buterin in 2013.[3] Ethereum's first block was discovered on July 30, 2015. Ether is the currency unit of the Ethereum platform. Ether is traded on cryptocurrency exchanges like other cryptocurrencies.[4][5] The price when it was first launched was 2.83 USD or the equivalent of 41,035 rupiah per piece. Ethereum itself built a blockchain network that focuses on Ethereum coins. But over time, the price per Ethereum coin has successfully reached 3,500 US dollars or IDR 50.75 million, peaking in 2021. Coin founders can create their own coins on the Ethereum network. The benefit that Ethereum can get is getting a fee from the costs of coin development, distribution and transactions that occur on the Ethereum network. In fact, ethereum is the world's second largest cryptocurrency after Bitcoin.[5] Ethereum's rise occurred because the European Investment Bank (EIB) issued digital bonds on the Ethereum Nockchain network. The EIB is creating a digital bond network on the Ethereum blockchain network and will issue bonds worth 100 million Euros.[6] Ethereum operates as a decentralized network that can be built through applications so many crypto money tokens are issued using the Ethereum network. Additionally, Ehtereum can be used to change the way securities are traded as it allows for more developments that lead to a variety of digital money creativity.[7]
