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Ethereum is a decentralized, open source public blockchain platform with smart contract functions. [3][4] Ethereum (ETH) is the native cryptocurrency of Ethereum. As of March 2024, Ethereum is the cryptocurrency with the second highest market value in the encryption market, second only to Bitcoin, with a market value of 3.2 trillion yuan. At the same time, Ethereum is also one of the blockchains currently used by most users.
From 2013 to 2014, programmer Vitalik Buterin was inspired by Bitcoin and first proposed the concept of Ethereum, which roughly means "the next generation of cryptocurrency and decentralized application platform" [5], and crowdfunded it through ICO in 2014. can begin to develop [6]. The network was launched on June 30, 2015. Decentralized finance (DeFi) applications based on the network allow users to use their own cryptocurrencies without relying directly on financial intermediaries such as brokers, exchanges or banks. Money can then be borrowed against or loaned out to earn interest. [7]
Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which can be linked to unique digital assets such as images. Additionally, many other cryptocurrencies are leveraging the ERC-20 token standard for initial coin offerings on top of the Ethereum blockchain. In the eyes of many users, Ethereum is also known as the "second generation blockchain platform", second only to Bitcoin
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Ethereum
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How many Ethereum coins are currently in circulation? In August 2020, the number of Ethereum coins in circulation was approximately 112 million, of which 72 million were issued in the genesis block (the first block to exist in the Ethereum blockchain). Of the 72 million Ether coins, 60 million were pre-sold to donors who participated in the project’s crowdfunding in 2014, and another 12 million were allocated to the Ethereum Foundation.
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