Back in 2013, an unknown genius and creator of Bitcoin Magazine, Vitalik Buterin, developed the Ethereum concept to improve Bitcoin.With his development, he launched a revolutionary breakthrough in the field of technology.He became the owner of a Peter Thiel scholarship of one hundred thousand dollars.Abandoned his studies at the university, he set about developing his project.
Nowadays, Ethereum is the second most popular cryptocurrency in the world, which in many respects (for example, growth rate, capitalization growth, etc.), has already overtaken Bitcoin.Is Ethereum worth investing in 2020? Let’s find out with Changelly! Ethereum Basics
Ethereum is an open-source platform based on the decentralized technology of blockchain that allows developers and programmers all over the world to create decentralized applications, also known as DApps in any life sphere.Whether you rotate in the musical sphere or running a real estate business, if you have an idea of a cool app that can improve the industry you’re working in, you can create such an application using the Ethereum engine power.Siamo operativi in tutta Italia
Ethereum differs from Bitcoin in a coordinated way.
Ethereum’s capabilities are enhanced by the smart contract feature.
This is what has become an essential factor in its increasing popularity.For ordinary money transfers, you can use the usual bitcoins or any other cryptocurrency.However, Ethereum translates user relationships on a fundamentally different plane.
A smart contract is a complex software algorithm designed to support commercial contracts in blockchain technology.All other cryptocurrencies use only one type of address – a personal account.
In Ethereum, the address of the contract is added to it, in which you can write down any terms of the transaction.In other words, when agreeing with other persons, you will not need the help of a lawyer or a notary.
The platform itself acts as a guarantor of the fulfillment of the agreed conditions.
As a distributed and open virtual machine, Ethereum launches any decentralized programs.The platform is inherently an ecosystem that distributes data around the world.They are not subject to change or manipulation, and they cannot be removed.
This technology is used in many countries in a vast number of areas.Medicine and public administration, logistics, and financing.
Thanks to her, the following functions became available: Formation of complex smart contacts for supply management; Launching applications of various categories (service, games, etc.); Transformation of a token into any asset (precious metals and stones inclusive); Creation of user identification services; Verify the authenticity of the documents.
Regularly appearing applications based on Ethereum is one of the reasons why the cryptocurrency is kept on the second line of the rating.Siamo operativi in tutta Italia Ethereum Price Fluctuations History #2015
Ethereum (ETH) Price in 2015
The first version of the Ethereum cryptocurrency protocol called Frontier was launched on July 30, 2015.Ethereum did not yet exist.
The first surviving historical records regarding the value of Ethereum date back to August 7.On this day, ETH was added to the Kraken crypto exchange and was priced at $2.77 per coin.Over the next three days, the price dropped four times to $ 0.68, most likely under the influence of rapid sales organized by early investors.
On August 18, the first significant event for the air network dates from the first 100,000 blocks.
At this point, the rate drops to $1.Then, over two months, a systematic decrease in the price of Ether occurs.During this period, more and more crypto enthusiasts will learn about the Ether.The Devcon-1 developer conference made a particularly significant contribution to its popularization.
#2016
Ethereum Price Chart in 2016
On January 11, 2016, the price of Ethereum finally again breaks the $1 mark and rises upwards so that it will never return to it.Within two months, the Ethereum rate is overgrowing against the background of information about the previous replacement of the network protocol with a more stable version (Homestead) and reaches the first significant high ($15) on March 13.
At this point, Ethereum’s capitalization for the first time goes beyond $1 billion.
On March 14, when the hard fork took place, a sharp correction begins, according to the results of which by the end of April, the price of air is halved to $7.3.On June 16, 2016, hackers stole about $50 million in ETH from the project.The panic began on the market, due to which Ethereum almost fell in price in 2 days up to $11.
A controversial hard fork was held on July 20, thus giving rise to the Ethereum Classic project, followed by supporters of a free censorship and blockchain intervention.Two days after that, the Ethereum rate, which recovered to almost $15, fell again and reached $8 by the beginning of August.
In mid-September, Ethereum was added to the Ledger Nano S hardware wallet.Growth resumes to $ 15.
On September 22, it became known about a DDoS attack on the Ethereum network, as a result of which its work significantly slows down.
This news is the impetus for the start of a local downtrend, which lasts 2.5 months and ends on December 5 at around $6.
By the end of the year, the rate is consolidating in the $ 7-9 point #2017
Ethereum Price Chart in 2017 Siamo operativi in tutta Italia
This year for Ethereum begins at around $8.Throughout January and February, there is a smooth increase to $13.This mark starts with more rapid growth.In the twenties of March, Ethereum rises in price to $53–59.
On April 26, a new price push is taking place, which in 10 days leads the air to an almost twofold rise in price to $95.
On May 18, Ether is added to the trading platform AVATRADE.In June, the price reaches $400.
The price drop coincides with the general market decline amid news from China about the ban on ICOs and cryptocurrency trading and ends at $200.
Until mid-November, the price of Ethereum is consolidating in the range of $275-350, and on the 23rd of November, it breaks the level of $400, which becomes support for two weeks.On December 11, the cost of Ethereum enters the last growth phase in 2017, within which it reaches the level of $800.
#2018
Ethereum Price Chart in 2018
From the very first day of the new year, the Ethereum rate rises up and on January 13 reaches an absolute maximum in its history of $1,400.On February 5, it is the first rebound from the level of $700.From this moment until the beginning of April, there is a systematic descent to the level of $380.
The fall slows down in early September at around $180, and until mid-November, there is a consolidation between the levels of $200-300.Then the Ether has time to drop to approximately $85.
This is followed by a rise in the rate to the level of $130-140, at which 2018 ends for Ethereum.#2019
Ethereum Price Chart in 2019
In the first week of January, Ethereum returns to the second position in the CoinMarketCap ranking, and its cost reaches $160.The local maximums during this time are $160 and $180.On February 28, the Ethereum network finally hosts the Constantinople hard fork, but the price does not respond to this event.
On May 11, during the next wave of Bitcoin growth, the price of Ethereum begins to move up, which in five days reached $280.In summer and early autumn, the coin is traded for $170 to $220.#2020 Siamo operativi in tutta Italia
The beginning of 2020 hit both real-world economics and the crypto world hard.Even behemoths like Bitcoin and Ethereum have felt that.While at first Ethereum had a bull run with its price rising up from $132 in January to $280 in February, it soon started to fall.
This drop continued until March, 13th when the price reached $106.After that, it stabilized and began to rebound, being traded for $125-140.On April, 29th, Ethereum price was $211, almost returning to the pre-drop levels.Ethereum vs.Bitcoin vs.XRP vs.Litecoin Investment ETH.