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==Media== ==Media==
The platform has been covered in '']'',<ref name="Vigna-28-Oct-2015">{{cite web|first1=Paul|last1=Vigna |date=28 October 2015 |url=http://blogs.wsj.com/moneybeat/2015/10/28/bitbeat-microsoft-to-offer-ethereum-based-services-on-azure/ |title=BitBeat: Microsoft to Offer Ethereum-Based Services on Azure |website= The Wall Street Journal|publisher=News Corp |accessdate=17 February 2016}}</ref> '']'',<ref>{{cite news|last=Finley|first=Kurt|date=2014-01-27|title=Out in the Open: Teenage Hacker Transforms Web Into One Giant Bitcoin Network|url=http://www.wired.com/2014/01/ethereum/|work=Wired|accessdate=6 April 2014}}</ref> '']'',<ref name="Gray-2014-04-07">{{cite news|last=Gray|first=Jeff|work=The Globe and Mail|publisher=Phillip Crawley|date=2014-04-07|title=Bitcoin believers: Why digital currency backers are keeping the faith|url=http://www.theglobeandmail.com/report-on-business/economy/currencies/bitcoin-believers-why-digital-currency-backers-are-keeping-the-faith/article17840246/?page=all|accessdate=6 April 2014}}</ref> SiliconANGLE,<ref>{{cite web|last=Cox|first=Ryan|title=Can Ethereum kill Bitcoin with self-executing contracts?|url=http://siliconangle.com/blog/2014/02/12/can-ethereum-kill-bitcoin-with-self-executing-contracts/|work=SiliconANGLE|accessdate=6 April 2014}}</ref> ],<ref>Nathan Schneider (7 April 2014). . Al Jazeera America. Retrieved 10 June 2014.</ref> '']''<ref>. Jamie Bartlett. Retrieved 19 December 2014.</ref> and the '']''.<ref>. Max Keiser. Retrieved 10 June 2014.</ref> The platform has been covered in '']'',<ref name="Vigna-28-Oct-2015">{{cite web|first1=Paul|last1=Vigna |date=28 October 2015 |url=http://blogs.wsj.com/moneybeat/2015/10/28/bitbeat-microsoft-to-offer-ethereum-based-services-on-azure/ |title=BitBeat: Microsoft to Offer Ethereum-Based Services on Azure |website= The Wall Street Journal|publisher=News Corp |accessdate=17 February 2016}}</ref> '']'',<ref>{{cite news|last=Finley|first=Kurt|date=2014-01-27|title=Out in the Open: Teenage Hacker Transforms Web Into One Giant Bitcoin Network|url=http://www.wired.com/2014/01/ethereum/|work=Wired|accessdate=6 April 2014}}</ref> '']'',<ref name="Gray-2014-04-07">{{cite news|last=Gray|first=Jeff|work=The Globe and Mail|publisher=Phillip Crawley|date=2014-04-07|title=Bitcoin believers: Why digital currency backers are keeping the faith|url=http://www.theglobeandmail.com/report-on-business/economy/currencies/bitcoin-believers-why-digital-currency-backers-are-keeping-the-faith/article17840246/?page=all|accessdate=17 February 2016}}</ref> SiliconANGLE,<ref>{{cite web|last=Cox|first=Ryan|title=Can Ethereum kill Bitcoin with self-executing contracts?|url=http://siliconangle.com/blog/2014/02/12/can-ethereum-kill-bitcoin-with-self-executing-contracts/|work=SiliconANGLE|accessdate=6 April 2014}}</ref> ],<ref>Nathan Schneider (7 April 2014). . Al Jazeera America. Retrieved 10 June 2014.</ref> '']''<ref>. Jamie Bartlett. Retrieved 19 December 2014.</ref> and the '']''.<ref>. Max Keiser. Retrieved 10 June 2014.</ref>


==References== ==References==

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Ethereum Software
Original author(s)Vitalik Buterin, Gavin Wood
Developer(s)Gavin Wood, Jeffrey Wilcke, Vitalik Buterin, et al.
Repository
Written inC++, Go, JavaScript, Python, Java, node.js, Haskell
Operating systemLinux, Windows, OS X, POSIX compliant
TypeDecentralized computing
LicenseGPL3, MIT, LGPL, et al
Websitewww.ethereum.org

Ethereum is a smart contract platform that was launched by Vitalik Buterin in the summer of 2015. The platform allows software developers and cryptocurrency users to make contracts with each other. According to The Wall Street Journal, Ethereum's objective is "to provide businesses with a platform on which products and services can be built that simplify various business functions and cut out the need for third parties". The platform includes a cryptocurrency called Ether.

Ethereum was initially described by Buterin in late 2013, formally described by Gavin Wood in early 2014 in a so-called "yellow paper" and launched 30 July 2015. It has been described as being among a group of "next generation" (or "Bitcoin 2.0") platforms.

Timeline

Important events in the development of Ethereum include:

  • December 2013: Vitalik Buterin released a white paper.
  • February 2014: The first open source project. Go and C++ proof of concept builds (PoC1) being released.
  • April 2014: A "Yellow Paper" by Gavin Wood with specific technical details not included in the white paper is released.
  • July 30, 2015: Launch of the beta (Frontier) Ethereum Blockchain.
  • Spring 2016: Launch of public (Homestead) release. This includes changes in the economics (gas) structure of contract execution.
  • Early 2017: Launch of graphical user interface (Metropolis).
  • Late 2017: Launch of Serenity release, including proof-of-stake, state channels, and other ambitious changes.

Ether

Ether
Unit
SymbolΞ
Denominations
Subunit
 10finney
 10szabo
 10wei
Demographics
Date of introduction30 July 2015Genesis block
User(s)Worldwide
Issuance
Currency typeCryptocurrency
 Websitewww.ethereum.org
Valuation
Issuance modelDisinflation

The currency unit of the Ethereum platform is called Ether, used to pay for computational services on the network.

To finance development, Ethereum distributed the initial allocation of Ether via a 42-day public crowdsale, netting 31,591 bitcoins, worth $18,439,086 at that time, in exchange for about 60,102,216 Ether.

Contracts

Smart contracts are programs and protocols to facilitate the automated performance of a contract. Ethereum contracts can be implemented in various languages, compiled into bytecode for the Ethereum Virtual Machine before being deployed to the blockchain.

Every contract is run on every full Ethereum node simultaneously and the result is the consensus of the output. The documentation notes that computation on the EVM is "very expensive" and that "you will not be able to do anything on the EVM that you cannot do on a smartphone from 1999."

Implementations

The following full-node implementations of Ethereum are available:

  • Geth, written in Go
  • Parity, written in Rust
  • Eth, written in C++
  • Ethereum J, written in Java
  • pyethapp, written in Python
  • ethereumjs, written in JavaScript
  • ethereumH, written in Haskell

Media

The platform has been covered in The Wall Street Journal, Wired, The Globe and Mail, SiliconANGLE, Al Jazeera, The Telegraph and the Keiser Report.

References

  1. ^ Vigna, Paul (28 October 2015). "BitBeat: Microsoft to Offer Ethereum-Based Services on Azure". The Wall Street Journal. News Corp. Retrieved 17 February 2016.
  2. ^ Gray, Jeff (2014-04-07). "Bitcoin believers: Why digital currency backers are keeping the faith". The Globe and Mail. Phillip Crawley. Retrieved 17 February 2016.
  3. Buterin, Vitalik (2014-01-23). "Ethereum: A Next-Generation Cryptocurrency and Decentralized Application Platform". Bitcoin Magazine. Retrieved 9 April 2014.
  4. ^ Wood, Gavin (2014-04-06). "Ethereum: A Secure Decentralised Generalised Transaction Ledger" (PDF). gavwood.com. Retrieved 20 February 2015.
  5. Tual, Stephan. "Ethereum Launches". Ethereum Blog. Retrieved 31 July 2015.
  6. Kharif, Olga (2014-03-28). "Bitcoin 2.0 Shows Technology Evolving Beyond Use as Money". Bloomberg News. Retrieved 11 April 2014.
  7. Buterin, Vitalik (2013-12-01). "A Next-Generation Smart Contract and Decentralized Application Platform". Retrieved 16 Feb 2016.
  8. Tual, Stephan. "C++ Code+Build FAQ". Ethereum Forum. Retrieved 3 September 2014.
  9. "The symbol for Ether is..." Ethereum Forum. 7 June 2014. Retrieved August 14, 2014.
  10. Genesis block
  11. "The Issuance Model in Ethereum". Ethereum Blog.
  12. "Crypto 2.0 Roundup: Block Chain Bloat, Ethereum Completes Presale and a Crypto Football Team". CoinDesk. Retrieved 2015-11-13.
  13. https://github.com/ethereum/wiki/Ethereum-Development-Tutorial
  14. go-ethereum homepage
  15. Parity press release
  16. Ethereum C++ Client GitHub repository
  17. Ethereum J homepage
  18. pyethapp GitHub repository
  19. ethereumjs homepage
  20. ethereum-client-haskell GitHub repository
  21. Finley, Kurt (2014-01-27). "Out in the Open: Teenage Hacker Transforms Web Into One Giant Bitcoin Network". Wired. Retrieved 6 April 2014.
  22. Cox, Ryan. "Can Ethereum kill Bitcoin with self-executing contracts?". SiliconANGLE. Retrieved 6 April 2014.
  23. Nathan Schneider (7 April 2014). Code your own utopia: Meet Ethereum, bitcoin's most ambitious successor. Al Jazeera America. Retrieved 10 June 2014.
  24. Soon, the internet will be impossible to control. Jamie Bartlett. Retrieved 19 December 2014.
  25. Keiser Report: New Crypto Phenomenon Ethereum. Max Keiser. Retrieved 10 June 2014.

External links

Cryptocurrencies
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