Origin: In 2013, a young man named Vitalik Buterin (V God) felt that Bitcoin was only capable of transferring funds and was too limited in functionality. He wanted to create a "programmable" blockchain platform that would allow developers to freely build applications on top of it (such as decentralized finance, gaming, etc.). In 2015, Ethereum officially launched, and ETH became its native cryptocurrency, used to pay transaction fees and incentivize the network. Development Timeline: 1. Early Stage (2015-2017): Focused on "smart contracts" (automatically executing code), attracting a large number of developers. 2. Boom and Challenges (2017-2020): The ICO (Initial Coin Offering) boom made ETH very popular, but also exposed issues like network congestion and high transaction fees. 3. Rise of DeFi and NFTs (2020-2021): Decentralized finance and NFTs ignited the ecosystem, making ETH the core of blockchain innovation. 4. Upgrades and Transformation (2022 to present): In 2022, the "Merge" was completed (shifting from energy-intensive mining to environmentally friendly proof of stake), with plans to continue scaling and speeding up in the future. In simple terms, ETH started as a "programmable Bitcoin" and gradually became the global infrastructure for decentralized applications. Although it has faced ongoing challenges related to efficiency and costs, it continues to evolve. $ETH
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Ethereum (ETH) Brief History
Origin:
In 2013, a young man named Vitalik Buterin (V God) felt that Bitcoin was only capable of transferring funds and was too limited in functionality. He wanted to create a "programmable" blockchain platform that would allow developers to freely build applications on top of it (such as decentralized finance, gaming, etc.). In 2015, Ethereum officially launched, and ETH became its native cryptocurrency, used to pay transaction fees and incentivize the network.
Development Timeline:
1. Early Stage (2015-2017): Focused on "smart contracts" (automatically executing code), attracting a large number of developers.
2. Boom and Challenges (2017-2020): The ICO (Initial Coin Offering) boom made ETH very popular, but also exposed issues like network congestion and high transaction fees.
3. Rise of DeFi and NFTs (2020-2021): Decentralized finance and NFTs ignited the ecosystem, making ETH the core of blockchain innovation.
4. Upgrades and Transformation (2022 to present): In 2022, the "Merge" was completed (shifting from energy-intensive mining to environmentally friendly proof of stake), with plans to continue scaling and speeding up in the future.
In simple terms, ETH started as a "programmable Bitcoin" and gradually became the global infrastructure for decentralized applications. Although it has faced ongoing challenges related to efficiency and costs, it continues to evolve. $ETH