The initial total amount of ETHereum in platform crowdfunding is about1.163 million eth. Ethereum, also known as ETH, is a token of Ethereum, which is used as a medium (gas) to pay transaction fees and calculate service fees of Ethereum. The Ethereum blockchain is somewhat similar to BTC, and the cryptocurrency of Ethereum currency can be used to trade with other cryptocurrencies or other legal tender. At the same time, Ethereum is also one of the most valuable cryptocurrencies besides Bitcoin. Published on July 24th, 20 14. Ethereum is a global open source platform for distributed applications. This is a blockchain system that solves the problem of bitcoin network. It has always been regarded as the representative of blockchain 2.0, and it is also the most widely used public chain system that supports Turing's complete application development.

The Historical Process of Ethereum

At the end of 20 13, a Russian programmer named Vitalik Buterin created the platform of the Ethereum blockchain, which indicates the arrival of the blockchain 2.0 era. Compared with most other cryptocurrencies or most blockchain technologies, the biggest feature of Ethereum is that it is equipped with an intelligent contract system, which is a computer protocol based on information dissemination, verification or execution of contracts. Smart contracts are confidential and untraceable. According to the white paper plan of Ethereum, the final technical realization of Ethereum will be divided into four stages.