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

Source: Coinbase (July 2023
Ethereum[2] Bitcoin[3]
Type Decentralized blockchain Digital currency
t

Market cap

$222.4B $568.1B
Popularity #2 #1
All time high $4,891.70 $68,789.63
Circulating supply 120.2M ETH 19.4M BTC
Total supply Infinite 21M BTC

Valuation

Risks

  1. 1.0 1.1 1.2 https://ethereum.org/en/what-is-ethereum/
  2. https://www.coinbase.com/price/ethereum
  3. https://www.coinbase.com/price/bitcoin