What is Ethereum?
Ethereum is a platform for creation of decentralized applications running on blockchain, through the use of smart contracts.
Since its launch on June 30, 2015, it has been steadily gaining popularity. Starting from late January 2016, it has experienced a surge.
In March 2016, within less than a year of its existence, that growth culminated in Ethereum achieving a record-breaking market capitalization of over $1B.
Since then, the passions have subsided and Ethereum has declined a bit. However, the coin is now second only to Bitcoin on the cryptocurrency market capitalization list.
- The graphical representation of how Ethereum has been killing it
Bitcoin has undergone a similar explosion of growth in the late 2013 - early 2014, when its price has reached its all-time high. Launches of several hundreds, if not thousands of different kinds of alternative cryptocurrencies followed.
Some of those altcoins have managed to reach a certain degree of success, but none of them have achieved the heights of Ethereum.
The platform has even enjoyed Microsoft’s attention, when it announced the launch of Ethereum Blockchain as a Service (EBaaS) based on the Microsoft Azure platform back in November 2015.
Now the reader might be wondering: why did all of that happen?
Source: cointelegraph
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| Source: cointelegraph |
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