Ethereum, a blockchain-based software platform, allows users to send and receive its native cryp...
Ethereum, a blockchain-based software platform, allows users to send and receive its native cryptocurrency, ether, across international borders without the intervention of a central authority.
However, it has far greater potential. On the Ethereum blockchain, "smart contracts" are recorded snippets of code that, once certain conditions are met, carry out predetermined actions.
Lending money in exchange for a deposit into a specified wallet is one example of this. Ethereum and other blockchain systems build their dapps on top of the smart contracts that comprise their backbone.
Ethereum is the most well-known altcoin, and for many investors and fans, it is much more than another cryptocurrency.
Despite a difficult first half of the year, many believe it will be back above $4,000 by 2022. Since its inception in 2015, the value of Ethereum's native token, ether (ETH), has skyrocketed.
Ether, created by computer engineer Vitalik Buterin, has risen in price from $0.311 in 2015 to about $4,800 at its peak late last year — with plenty of turbulence along the way.
At the time of writing, ether was trading between $1,400 and $1,700, implying a lifetime return on investment (ROI) of more than 700,000%.
Since reaching an all-time high near the end of 2021, ether has been subjected to increased volatility due to the Ukraine conflict, increasing inflation and interest rates, and a weak stock market.
It has dropped more than 50% since the beginning of the year, reaching a low of $900 in June. While the price of ether has rebounded from its summer lows, analysts believe its massive software upgrade in September will significantly impact whether it soars or falls in the coming months.
Was that all? What are your thoughts on ETH's unexpected rollercoaster ride?
Vitalik Buterin, a Russian-Canadian computer programmer, developed Ethereum to increase the value of cryptocurrencies by letting programmers make their own tailored applications.
Decentralized applications (dapps) built on Ethereum can run without human intervention because of the platform's support for "smart contracts."
Ether, the largest private cryptocurrency after Bitcoin, is used on the platform.
Buterin grew up in Russia until he was six, when his family made the journey to the United States. The patriarch of his family was an expert in the field of computer science. Since 2014, he has dedicated himself full-time to developing Ethereum.
He has always been good with numbers and code. The inspiration for the system came to him when he learned that Bitcoin had problems that nobody was willing to repair. As a result of this, he decided to leave the company and establish a rival firm.
Buterin is one of the youngest crypto-billionaires in the world, with a net worth of $1.4 billion, according to Forbes. Buterin discovered the hard way that he could not buy his way out of a humiliating online photo.
The reason Vaialik is being highlighted is because...
A fan posted a selfie with the wealthy programmer, and the image quickly went popular on Twitter due to the obvious bulge in the, uh, groin house. Jokes have been coming in steadily lately.
To what extent does Buterin's interest in various projects stem from genuine curiosity, and to what extent from his desire for underwear?
A few people have clipped the picture for him to keep as a constant reminder of the goals we have set for ourselves. People seem to be trying to avert their gaze as Buterin makes his way down the shaft.
To be fair, it's natural that the programmer hasn't responded to all the jokes that have been made about him. Although this does not necessarily evidence that he did not, it does raise doubts.
Buterin tweets frequently; his most recent update was 9 hours ago. Of course, his 4.2 million devoted followers didn't let him wallow in self-pity over this. Plus, HITC has requested a reply. On top of that, HITC has requested a reply.
The Finder panel, on average, thinks that ETH will be worth more than $14,000 by 2030. However, another projection is less enthusiastic.
Managing Director of Digital Capital Management Ben Ritchie predicts that further advancements, such as cheaper gas pricing and scalability, could drive ETH to soar to as high as $15,000 by 2030.
They estimate that by 2025's conclusion, one ether will be worth $1,810. The consensus estimate places the value of one ether token at $1,810 by 2025.
A favorable Ethereum price forecast for the next decade is also available from DigitalCoinPrice. In 2025, the average price prediction for Ethereum is $7,524.
