A Brief History of Ethereum (ETH)
Origin:
In 2013, a young man named Vitalik Buterin (V God) felt that Bitcoin could only be used for transfers and was too simplistic in functionality. He envisioned a blockchain platform that could be 'programmed', allowing developers to freely build applications on it (such as decentralized finance, games, etc.). In 2015, Ethereum officially went live, and ETH is its native cryptocurrency, used to pay transaction fees and incentivize the network.
Development History:
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 extremely popular, but also exposed issues of congestion and high transaction fees.
3. Rise of DeFi and NFT (2020-2021): Decentralized finance and NFTs ignited the ecosystem, making ETH the core of blockchain innovation.
4. Upgrade and Transformation (2022 to Present): In 2022, the 'Merge' was completed (transitioning from energy-consuming mining to environmentally-friendly proof of stake), with plans to continue scaling and speeding up in the future.
In simple terms, ETH started as 'programmable Bitcoin' and has gradually evolved into a global infrastructure for decentralized applications. Although it has constantly faced challenges regarding efficiency and costs, it continues to evolve. $ETH
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