Learn about the history of Ethereum, the blockchain that enables smart contracts and cryptocurrency trading created by VitalikButerin.
, for example, require ETH as payment for fees associated with any transactions of those assets. The Ethereum blockchain was written in the Solidity programming language. A nonprofit entity, the Ethereum Foundation, serves as one of the overseers of the Ethereum project.
Ethereum gained awareness in early 2014 when Buterin brought the concept of the blockchain project into the public eye at a Bitcoin conference in Miami, Florida. The project raised capital via anlater the same year, selling millions of dollars worth of ETH in exchange for funds to use for the development of the project. Between July 22 and Sept. 2, 2014, the asset sale sold over $18 million worth of ETH, paid for in Bitcoin.
Since Ethereum’s initial launch, the blockchain has taken on many other updates as part of the blockchain’s progression, such as updates called Byzantium, Constantinople and the Beacon Chain. Each update has altered certain aspects of the blockchain. Beacon Chain, for example, launched the consensus layer — a shift from a proof-of-work to aconsensus mechanism.
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