FOUNDERS OF ETHEREUM-
VITALIK BUTERIN & GAVIN WOOD are the CO-FOUNDERS of ETHEREUM.The cryptocurrency project was created in 2015.
WHAT IS ETHEREUM?
ETHEREUM is an open source platform thats uses blockchain technology to create and run Decentralized Digital Application (DAPPS).
DAPPS enable users to make agreements and conducts transactions directly with each other to buy, sell and trade good & without a middle man.These are referred to as smart contracts.
Smart contracts run exactly as programmed, greatly reducing the risk of froud, & are self-executing.
Once certain conditions, are proven to have met, such as the transfer of the payment, then the merchandise is conveyed or made accessible to the buyer.
FACT-1
Ethereum is the name of both the world’s second-largest cryptocurrency by market capitalization (after bitcoin) and the first platform to facilitate the creation of dapps.
FACT-2
ETHEREUM is not just a platform but also a programming language running on blockchain, helping developers to build and publish distributed apps.There are more then 200,000 active developers working on ETHEREUM.
FACT-3
RUNNING THE COMPUTERS TO EXECUTE CODE TO POWER DAPPS IS COSTLY & CONSUMES A LOT OF POWER, SO ETHEREUM CREATED ETHER – IT’S CRYPTOCURRENCY – IN ORDER TO INCENTIVIZE PROGRAMMERS TO RUN THE ETHEREUM PROTOCOL ON
THEIR COMPUTERS. ETHER IS THE 2ND LARGEST CRYPTOCURRENCY BY MARKET-CAP & IT IS BECAUSE IT HAS SO MANY DIFFERENT USE CASES.
FACT-4
$ETH hits a new all time high & is currently trading over $1,500. With how everything is going, I tend to believe we see $2,000 ETH in the near future.
Digital_trio 