Ethereum: Difference between revisions
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=== What can Ethereum do<ref name=":0" />? === | === What can Ethereum do<ref name=":0" />? === | ||
* Banking: Everyone is allowed to access Ethereum and the lending, borrowing and savings products built on it is an internet connection. | * Banking: Everyone is allowed to access Ethereum, and the lending, borrowing and savings products built on it is an internet connection. | ||
* An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations. | * An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations. | ||
* A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other. | * A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other. | ||
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=== Ethereum vs. Bitcoin === | === Ethereum vs. Bitcoin === | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+Source: [https://www.coinbase.com/ Coinbase] (July 2023) | ||
! | ! | ||
!Ethereum<ref><nowiki>https://www.coinbase.com/price/ethereum</nowiki></ref> | |||
!Bitcoin<ref><nowiki>https://www.coinbase.com/price/bitcoin</nowiki></ref> | |||
|- | |||
|'''Type''' | |||
|Decentralized blockchain | |||
|Digital currency | |||
|- | |||
|'''Market cap''' | |||
|$222.4B | |||
|$568.1B | |||
|- | |- | ||
| | |'''Popularity''' | ||
|#2 | |||
| | |#1 | ||
| | |||
|- | |- | ||
| | |'''All time high''' | ||
| | |$68,789.63 | ||
| | |$68,789.63 | ||
|- | |- | ||
| | |'''Circulating supply''' | ||
| | |120.2M ETH | ||
| | |19.4M BTC | ||
|} | |} | ||
Revision as of 14:06, 24 July 2023
| Type | Decentralized blockchain |
| Release Date | 30 July 2015 |
| Founder | Vitalik Buterin |
| Website | ethereum.org[1] |
What is Ethereum?
- Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol[1].
- The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use[1].
Blockchain
The concept of blockchain is crucial in understanding Ethereum.
What can Ethereum do[1]?
- Banking: Everyone is allowed to access Ethereum, and the lending, borrowing and savings products built on it is an internet connection.
- An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations.
- A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other.
- Censorship-resistant: No government or company has control over Ethereum.
- Commerce guarantees: Users have a secure, built-in guarantee that funds will only change hands if they provide what was agreed.
- Composable products: All applications are built on the same blockchain with a shared global state, meaning they can build off each other. This allows for better products and experiences and assurances that no-one can remove any tools apps rely upon.
NFT
Ethereum vs. Bitcoin
| Ethereum[2] | Bitcoin[3] | |
|---|---|---|
| Type | Decentralized blockchain | Digital currency |
| Market cap | $222.4B | $568.1B |
| Popularity | #2 | #1 |
| All time high | $68,789.63 | $68,789.63 |
| Circulating supply | 120.2M ETH | 19.4M BTC |