ETH is a digital token of Ethereum, and developers need to pay Eth to support the running of the application. Like other digital currency, Ethereum can be bought and sold on the trading platform.

Ethereum is an open source public blockchain platform with intelligent contract function. Through its dedicated cryptocurrency Ethernet, it provides a decentralized Ethernet virtual machine to handle peer-to-peer contracts.

The concept of Ethereum was first put forward by programmer Vitalik Buterin from 20 13 to 20 14, which means "the next generation cryptocurrency and decentralized application platform", and it began to develop through ICO crowdfunding in 20 14.

As of 2065438+February 2008, Ethereum is the second highest cryptocurrency in market value, second only to Bitcoin.

Development history of extended data Ethernet

At the end of 20 13, Vitalik Buterin, the founder of Ethereum, published the first edition of Ethereum White Paper and started the project. On July 24th, 20 14, Ethereum held a 42-day pre-sale of Ethereum.

At the beginning of 20 16, the technology of Ethereum was recognized by the market, and the price began to skyrocket, attracting a large number of people other than developers to enter the world of Ethereum. Huobi.com and OKCoin, two of the three major bitcoin exchanges in China, were officially launched in Ethereum on May 3, 20654381.

Since entering 20 16, people who are concerned about the digital currency industry are eagerly observing the development trend of the second generation cryptocurrency platform, Ethereum.

The most famous is the Enterprise Ethereum Alliance, which was founded in the beginning of 20 17 and co-sponsored by more than 20 top global financial institutions and technology companies such as JPMorgan Chase, Chicago Board of Trade Group, Bank of New York Mellon, Thomson Reuters, Microsoft, Intel and Accenture. The cryptocurrency spawned by Ethereum has recently become a sought-after asset after Bitcoin.

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