Ethereum is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications, providing them with a secure and scalable infrastructure. It operates on its native cryptocurrency called ether, used by participants to transact and incentivize network operations.Ethereum stands out for its ability to support smart contracts, which are written into code and stored on the Ethereum blockchain.
The programmers included Mihai Alisie, a Bitcoin Magazine co-founder, Anthony Di Iorio, a cryptocurrency entrepreneur and Charles Hoskinson, who would later go on to create Cardano. Gavin Wood, a British programmer, co-founded the project and contributed to the design and implementation of its smart contract language, Solidity.
March 11, 2020: The Ethereum network experiences significant congestion and transaction fees skyrocket due to increased demand and the rise of decentralized finance applications. May 19, 2021: The price of ether reaches a new all-time high of over $4,300, driven by increased institutional adoption and the growing popularity of decentralized finance.
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