Ethereum (ETH)

token issuance
decentralized applications
proof of work
smart contracts
cryptocurrency
#2

Marketcap Ranking

151.2734 (-5.25%) arrow_drop_down

Market Price (24h change)

16,436,370,760

Total Market Cap

4.8

4.8

info_outline What is Ethereum

4.8

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Short Description

General Data and Information. The Ethereum white paper was released by Vitalik Buterin in late 2013 after proposals to include a scripting language to enable decentralized applications (dApps) on the Bitcoin blockchain failed to gain traction. Ether is the native currency of the Ethereum blockchain and is used to compensate nodes for performing computations in the Turing-complete instruction set of the Ethereum Virtual Machine (EVM). These instructions form the backbone of smart contracts and digital asset ownership which are recorded and issued upon the Ethereum blockchain. The development and governance of Ethereum relies upon the use of open-source Ethereum Improvement Proposals (EIPs) whereby developers and the wider public can submit proposals to improve or change standards to the Ethereum platform. These proposals can affect all aspects of the Ethereum ecosystem, from core code changes and ERC token standards through to public informational resources. Interestingly, the current Ethereum (ETH) blockchain is a fork of the original Ethereum chain after a flaw in the DAO smart contract resulted in the theft of around 3.5 million ETH in 2016. The proposal to reverse the theft was approved by 97% of stakeholders, which resulted in a hard fork with Ethereum (ETH) blockchain reversing the theft, whilst the Ethereum Classic (ETC) chain continued unchanged from the original (preserving the concept of immutability of blockchains). Milestones. Late 2013 - Ethereum White Paper released by Vitalik Buterin. July/August 2014 - Ethereum Crowdfunding to fund development. 30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins premined to support development. October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus

14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing. June 2016 - The DAO hack. 20th July 2016 - ETH/ETC Hard Fork. 16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts. 2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs). December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed. 28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash. Utility. Ethereum is the original and still dominant platform for issuing smart contracts that enable ICOs and decentralized applications (dApps) on a public blockchain via the Ethereum Virtual Machine and Solidity. Smart contracts and asset ownership are stored on a public blockchain which makes it possible to easily prove the veracity of contract claims. However, the downside of this public visibility is the public visibility of security holes or unintended consequences of loosely programmed smart contracts (a problem that reared its ugly head in the DAO hack). Ethereum forms the backbone of ICO launches, as projects are able to issue ERC-20 tokens to early investors which are redeemable project native tokens when the project mainnet goes live. These fungible tokens act as unique and transferable proofs of investment in the project. Non-fungible Ethereum tokens (ERC-721) are also able to be used to represent ownership of digital assets (such as Cryptokitties) or to act as tokens to represent ownership of real world assets

Significant Features. - Designed as a Virtual Machine with a Turing-complete language means that Ethereum is the Swiss Army tool of blockchains. Highly flexible and adaptable, but perhaps not always the most efficient solution. - A comparatively large hashrate makes Ethereum one of the more secure blockchains in existence. - Solutions to scaling problems are being investigated, including sharding and a move to Proof of Stake consensus protocol. These changes are slated to be released under the codename Casper. - Alternative sidechain solutions (like MATIC) are also being released independently from the Ethereum core solutions. - Unlimited total supply. Average blocktime 10-20 seconds. - Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. - Average Blocktime of 10-19 seconds; Total supply Unlimited; Proof of Work consensus based on ethash algorithm. References: .

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Introduction Video

Vitalik Buterin explains Ethereum | Ethereum

3 minute explanation of Ethereum by inventor Vitalik Buterin. Ethereum is a platform that makes it possible for any developer to write and distribute next-generation decentralized ...

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Screenshot from Website

www.ethereum.org
ETH Websitemore_vert

Visit Webpage

Website Informationclose

Organization: [ "Data Protected", "Whois Privacy Protection Service, Inc." ]
Name: Whois Agent (355710873)
Country: US
City: Kirkland
Zipcode: 98083
Address: [ "PO Box 639", "C/O ethereum.org" ]
Mail: abuse@enom.com
Creation date: 2013-11-27
Expiration date: 2020-11-27
Nameserver: KABOCHAN.ETHEREUM.ORG

attach_money Product Analysis

4.8

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Whitepaper

The intent of Ethereum is to create an alternative protocol for building decentralized applications, providing a different set of tradeoffs that we believe will be very useful for a large class of decentralized applications, with particular emphasis on situations where rapid development time, security for small and rarely used applications, and the ability of different applications to very efficiently interact, are important.


The whitepaper of Ethereum is 36 Pages long.

The most influencial keywords are: Transactions, Contract, Block, Ethereum, Decentralized, Like, Computation, Computers, Protocol based, and Application.

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Close Competitors

  • 1.) Komodo

    The Komodo Platform focuses on providing complete end-to-end blockchain solutions for developers of any level and any industry. It is simple yet powerful, offering customized blockchain solutions that are easy to deploy, and configurable to meet your needs.

  • 2.) Ubiq

    Ubiq is a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications. Built upon an improved Ethereum codebase, the Ubiq blockchain acts as a large globally distributed ledger and supercomputer, allowing developers to create decentralized and automated solutions to thousands of tasks which today are carried out by third party intermediaries.

  • 3.) Expanse

    Expanse is an Ethereum based blockchain platform for smart contracts.

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Product analysis

Ethereum was founded back in July 2015. Its source code was released publicly on github on December 2013 under the GNU Lesser General Public License v3.0 license.
Organization wise, Ethereums Development is Semi-centralized and is being developed under the lead of Vitalik Buterin.

The consensus on which the Ethereum network is run is called POW, while the underlying algorithm is called Ethash.
In the current state of Ethereum currently is Working product

group Community Analysis

4.4

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Communities & Events

Next-generation platform for decentralised applications.

view_list r/ethereum Subreddit
person 447,620 Subscribers
directions_run 903 Active Users
create 40 Daily Posts
speaker_notes 110 Daily Comments
linkOpen Subreddit

There is no official Telegram Channel for ETH yet

view_list Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Ethereum

view_list @ethereum Channel
person 447,903 Followers
11.20.2019
05:23
Ethereum is upgrading soon! Click below to learn more about the coming improvements and on preparing for the Istanbul network upgrade. https://t.co/2E0XRwZCVQ https://t.co/wEtuvZftvs 407 favorite
11.19.2019
21:19
The Ecosystem Support Program issues a call for applications: https://t.co/UXzhvWb8lx 107 favorite
11.13.2019
23:18
Announcing a Taiwan-specific Wave of Grants! https://t.co/SmdcOp75NI 114 favorite
11.12.2019
16:29
The latest from the @ethdotorg team is here, featuring Ethereum Studio, a persona re-org, bounties and more! https://t.co/BstjAnTla5 135 favorite
11.08.2019
15:08
Eager to read the latest news from the #Eth2 Research Team? Make sure to catch up with the weekly Eth2 Quick Update! https://t.co/9j8EgbXQKM 129 favorite
11.08.2019
12:33
Upgrade and be ready for Istanbul! https://t.co/m11PHtz6hy 295 favorite
11.07.2019
11:04
The European Union #Horizon2020-backed #NGI project, @LedgerEu, is offering up to €200K equity-free for decentralized solutions addressing Privacy-by-design and Decentralized Data Governance. Call is open now and through 31st January 2020 https://t.co/ILCrTtYFdL 100 favorite
11.06.2019
17:00
Interested in learning more about Casper CBC? Ask the Casper CBC Research team anything (Beginning @ 17:30 UTC / About 30 minutes from the time of tweet)! https://t.co/cfeoNoAEdL 76 favorite
11.01.2019
14:04
[LIVE] Ethereum Core Devs Meeting #74 [2019/11/01] 93 favorite
Name Date Description
RadicalxChange Berlin 11.22.2019 "Please join us for a full-day private RadicalxChange conference in Berlin with E. Glen Weyl, Audrey Tang and key leaders from RxC."
ETH 2.0 Phase 0 01.03.2020 "Phase 0 of ETH 2.0 is bound to happen on January 3, 2020."
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Google Trends Analysis


The Google Trends chart displays the search interest on google in Ethereum relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

4.8

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Ethereum is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 24,815 Stars
remove_red_eye 2,005 Watchers
usb 8,966 Forks
sync_problem 406 Open Issues
border_color 0.1 % Comment Coverage
lock_open GNU Lesser G License

attach_money Price Analysis

4.5

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Price Prediction

$ 182.8452 (-1.49%) arrow_drop_down

Predicted USD Market Price in 24h

$ 188.0487 (1.31%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter ETH - USD

Convert between ETH and USD with the live Ethereum prices, aggregated from all big exchanges that trade Ethereum.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.9

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Team

Lead

Vitalik Buterin - Founder
He first discovered blockchain and cryptocurrency technologies through Bitcoin in 2011, and was immediately excited by the technology and its potential. He cofounded Bitcoin Magazine in September 2011, and after two and a half years looking at what the existing blockchain technology and applications had to offer, wrote the Ethereum white paper in November 2013. He now leads Ethereum's research team, working on future versions of the Ethereum protocol.


supervisor_accountSocial Network Links

Members (12)

launch

Jeffrey Wylcke

Go-ethereum lead

launch

Virgil Griffith

Researcher

launch

Alexandre Van de Sande

Ux design

launch

Alex Leverington

Core developer

launch

Aya Miyaguchi

Executive director

launch

Zach Lebeau

Conceptualist

launch

Justin Drake

Researcher

launch

Yoichi Hirai

Formal verification engineer

launch

Iuri Matias

Developer

remove_red_eye Product Review by Coinpaper

4.7

How things stand

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Ethereum is working on a new platform upgrade called Constantinople, whose release was delayed because the team found security concerning bugs. [1]
When the transactions by the decentralized app (CryptoKitties) peaked in December 2017 the Ethereum network stuffed so much that delays happened in the whole Ethereum network. [2]

4.0

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The Ethereum team is delivering new updates constantly, which can be seen in their GitHub. The current focus is on the new upgrade Constantinople which will make the Ethereum transactions faster while using much less energy. [1]

4.8

Product description

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Ethereum builds a platform for cryptocurrencies. Companies can to create their own decentralized apps and cryptocurrencies as ERC-20 tokens on top of it. The cryptocurrency Ether is used to pay network nodes for processed tasks. [1]

5.0

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The Ethereum platform is well developed and new decentralized apps can be built with it. The apps are coded with the programming language Solidity and have the possibility to implement Smart Contracts. Solidity is built to make Smart Contracts secure. [1] [2]

5.0

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The founder of Ethereum (ETH) is Vitalik Buterin. He is well known within the Crypto-Community and contributed to the overall knowledge about blockchains with many forum posts and insights to other cryptocurrencies. Vitalik Buterin founded the Bitcoin Magazine in May 2012. [1]

4.8

Pro-Contra

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Security On July 19, 2017 a hacker/group found a vulnerability in the Ethereum code and stole over $ 30 Million. The vulnerability has been resolved later.
Adoption Ethereum is very well accepted among the cryptocurrency community and programmers.
Transaction cost The average is 10 cents per transaction.
Decentralization Ethereum is a decentralized cryptocurrency.
Product availability Developers can produce their own DApps with the programming language Solidity on the Ethereum platform.
Exchange availability Ethereum is available on all Exchanges that offer Cryptocurrencies.
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Transactions per second The number of transactions per second is limited which limits all DApps on this platform when one dapp processes a high number of transactions.
Transaction speed 4 to 10 minutes, which is not slow but there are much faster cryptocurrencies.
Enery consumption The current energy consumption is huge, but this should be changed with the new Constantinople upgrade.
Privacy Ether is a pseudonym coin, which means that people can see the current addresses balances.

remove_red_eye Market Review by Coinpaper

4.9

Foresight

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Ethereum’s team will overcome hurdles that obstruct the efficient use of the platform (limitation of TPS). The platform might stay at the pole position for building decentralized apps with smart contracts and will grow as blockchain technologies get more interesting and usable for companies.

4.6

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The current top project is the Constantinople upgrade for their current platform, which will make the Ethereum network more efficient.

5.0

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Ethereum could become the main base for building decentralized applications with smart contracts. [1]

5.0

Business

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There are some well known substitutes but Ethereum is still the top platform for decentralized apps with smart contracts.

4.8

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Every decentralized app (DApp) is supporting the Ethereum Platform passively.
The network “Ethereum Alliance” is a composition of over 200 big companies. Common companies are MasterCard, Credit Suisse, UBS, Microsoft and Intel. [1]

5.0

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The Ethereum community is helping by spreading the word and building applications on its platform. The Ethereum subreddit has over 400’000 subscribers.

4.8

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The team consists of well-chosen figures that complement each other, with Vitalik Buterin as their head. [1]

4.8

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro ETH/USD $ 151.2600 $ 41,794,437 check
# 2 Kraken ETH/EUR $ 151.4545 $ 18,340,103 check
# 3 Bitfinex ETH/USD $ 151.6000 $ 18,292,623 check
# 4 Bitfinex ETH/BTC $ 151.8174 $ 17,136,443 check
# 5 Kraken ETH/USD $ 151.0000 $ 14,610,918 check
# 6 Bitstamp ETH/USD $ 151.2800 $ 12,917,986 check
# 7 Poloniex ETH/USDT $ 152.2994 $ 7,090,265 check
# 8 Gemini ETH/USD $ 151.8600 $ 6,532,862 check
# 9 Coinbase Pro ETH/EUR $ 151.7522 $ 6,522,519 check
# 10 Bitstamp ETH/EUR $ 151.6309 $ 4,004,630 check

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