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Basic Info[ ]

Nmae: Ethereum [ETH] - The Genesis of Decentralized Applications

Known Tickers: ETH

Release Date: 2014

Known Websites:

White Paper:

Coin Market Cap Link:

What is Ethereum[ ]

Ethereum is a decentralized network capable of running smart contracts and applications. This means that the platform allows users to create something akin to applications like youTube, Uber, or Facebook. Smart contracts are revolutionary in the way that you can trigger them to perform certain actions, as static contracts never could.

Distinguishing Features[ ]

Ethereum was the first dapp platform and has served conceptually as a starting point for other platforms like it. As such virtually all of its features can be found in other dapp platforms such as eos, cardano, lisk, and neo.

As of February 2018 Ethereum distinguishes itself from similar platforms in that a) it is currently fully operational and b) it has the most dapps. There are currently over 1000 decentralized applications being actively developed on top of ethereum. Distinguishing Technical Features

While Ethereum is currently PoW based it is switching to a PoS model via the Casper update in 2018. This transition has always been a part of Ethereum’s roadmap.

Known Limitations[ ]

As of February 2018 Ethereum supports ~15 transactions per second. By comparison facebook is capable of serving ~525k requests per second . Also, the fee associated with a single ethereum transaction can be anywhere from ~0.01 USD to ~0.50 USD depending on a) the nature of the transaction and b) traffic on the network, whereas the cost of making a request to facebook is neglible and does not grow higher during periods of congestion.

There are several projects underway to address these issues within the Ethereum community including Plasma, Sharding, and Raiden. Each of the projects are complimentary to each other and were they all successfully implemented they together would likely increase the transaction capacity of the network by several orders of magnitude . Such an increase would also have the effect of decreasing transaction fees, likely by at least one order of magnitude or more. Technical Contributors

Ethereum was initially described in a white paper by Vitalik Buterin in 2013 . The maintenance and development of the project is currently being steered by the Ethereum Foundation, of which Vitalik is himself a founder. Hundreds of developers have contributed to Ethereum .

Usership[ ]

Ethereum’s usership can be thought of in three parts. There are:

   People using Ether as a cryptocurrency
   Developers who write dapps that run on Ethereum
   People who use dapps built on Ethereum

Since Februrary 2016 Ethereum has been the second largest cryptocurrency by market cap (after Bitcoin). Ether is widely traded as a cryptocurrency, with average 24h trading volumes in the billions (USD) . It can also be used to purchase goods from websites such as, among others .

There are currently developers actively working on ~1000 ethereum dapps. Some of these dapps are cryptocurrencies unto themselves, like Augur, Gnosis, and BAT, while others, such as cryptokitties and etheremon, are more limited in scope.

As for people using dapps built on Ethereum, there are no available estimates. If the average number of users per actively developed dapp is somewhere between 10 and 1000, this would put the number of ethereum dapp users at somewhere between 10,000 and 1,000,000.

Competition and Similar Coins to Ethereum[ ]

Komodo (KMD)

Lisk (LSK)

Ellaism (ELLA)

Convert ETH to USD EUR GBP and Fiat[ ]

Easily Calculate or Convert ETH to US Dollars, Euro or Great Britain Pounds other World currencies below.

Our Crypto Converter makes this as easy as a breeze.

Ethereum Latest Developments[ ]

Coinbase recently announced it will add ERC20 support and extend the service to its soon-to-be-launched “custody” product. (ERC20 is the token standard for Ethereum.)

The new service will not only make it easier for retail investors to buy ERC 20 tokens… but institutional investors as well. You see, most money managers use a custodian to hold their clients’ assets. Coinbase new custody solution will provide that service for cryptocurrencies.

Eleven major banks were testing the Ethereum blockchain. And the Ethereum foundation had formed partnerships with Fortune 500 companies like IBM and Samsung, and Microsoft. (The Microsoft partnership alone gave Ethereum access to over 3 million developers to work on the Ethereum platform.)

In 2017, JPMorgan, Microsoft, BP, and about 30 other companies launched the Enterprise Ethereum Alliance (EEA) in 2017. Today, it has over 400 members, including startups, academic institutions, technology vendors.

The community building worked for Ethereum as it became the go-to platform for initial coin offerings (ICOs) in 2017.

According to Coindesk, blockchain projects raised $5 billion from ICOs in 2017. About 60% of those projects launched on the Ethereum platform.

We’ve seen the activity reflected in Ethereum’s usage. At the start of 2017, Ethereum processed 30,000 transactions per day. Today, it’s up to 600,000 transactions per day. That’s up 1,900% since our initial recommendation.

Looking forward, the Ethereum developers are working on solutions to scale the network while still maintaining security.

With improved scaling, Ethereum can fulfill its grand vision of being a globally adopted computing infrastructure.

References[ ]