Ethereum

Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.
ethereum

Some of the key events about Ethereum

  • 2013
    Ethereum project was conceptualized and proposed as a decentralized platform for smart contracts
  • 2014
    Ethereum Foundation was established to support the development of the Ethereum protocol
  • 2015
    Ethereum mainnet was officially launched, introducing the world's first programmable blockchain
  • 2016
    The Ethereum network successfully implemented its first hard fork, "Homestead", improving security and stability
  • 2016
    The DAO hack resulted in the theft of approximately $50 million worth of Ether
  • 2016
    A contentious hard fork split the Ethereum network into Ethereum and Ethereum Classic
  • 2017
    Enterprise Ethereum Alliance was formed to connect Fortune 500 enterprises, startups, and academics with Ethereum experts
  • 2017
    CryptoKitties game caused significant network congestion and increased transaction fees
  • 2018
    Ethereum became the first blockchain to process over one million transactions in a single day
  • 2018
    Discovery of a critical vulnerability in the Parity wallet froze over $280 million worth of Ether
  • 2018
    The SEC declared that Ether was not a security, leading to regulatory uncertainty
  • 2019
    Istanbul hard fork was implemented, enhancing the network's performance and reducing gas costs
  • 2019
    Constantinople hard fork was delayed due to the discovery of a critical security vulnerability
  • 2020
    Ethereum 2.0's Beacon Chain was launched, marking the beginning of the transition to Proof-of-Stake
  • 2020
    High gas fees and network congestion during DeFi boom made Ethereum less accessible for smaller transactions
  • 2021
    The London hard fork introduced EIP-1559, revolutionizing Ethereum's fee market and token economics
  • 2021
    London hard fork introduced EIP-1559, causing controversy among miners due to reduced mining rewards
  • 2022
    The Merge was successfully completed, transitioning Ethereum from Proof-of-Work to Proof-of-Stake
  • 2022
    The Merge transition to Proof-of-Stake raised centralization concerns
  • 2023
    Shapella upgrade experienced initial technical difficulties during its implementation

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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