Ethereum is a cryptocurrency and platform for creating decentralized online services based on the blockchain (decentralized applications) based on smart contracts. Implemented as a single decentralized virtual machine. The concept was proposed by the founder of Bitcoin Magazine Vitalik Buterin at the end of 2013, the network was launched on July 30, 2015. Ethereum was originally created not so much as a payment system, but as a base for the affordable implementation of blockchain technology in third-party projects. Not only new startups showed interest in him, but also large developers (Microsoft, IBM), banks (VTB, Sberbank), airlines (Lufthansa, S7), as well as the international charitable organization UNISEF

Ethereum exchange units are called ether. The abbreviation ETH and the symbol in the form of the Greek letter Xi are used for designation. Fractional parts have their own names: 1/1000 - finney, 1/106 - szabo, 1/1018 - wei. Unlike other cryptocurrencies, the authors do not limit the role of ether to payments, but offer it, for example, as a means of exchanging resources or registering transactions with assets using smart contracts, in particular, the authors called ether "crypto fuel" for the execution of smart contracts by a peer-to-peer network. Ether is actively traded on cryptocurrency exchange services. Its total capitalization in January 2018 exceeded $ 100 billion, but by August 2018, capitalization had dropped to $ 30 billion.

Ethereum (ETH)

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