Etherium

in news •  6 years ago 

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Ethereum chart
Ethereum is the second most popular cryptocurrency in the world. Often called 'bitcoin 2.0', Ethereum is based on blockchain technology. However, unlike Bitcoin, where only 21 million BTC is extracted, the supply of Ethereum is infinite. The creators of ETH were supposed to be an alternative payment to Bitcoin - but it was never meant to replace it.

Ethereum was established in August 2015 and its creator is a Russian programmer Bitalik Buterin. The first chapter of Bitcoin's younger brother took place using crowdfunding and still, in 2017, most of the ETH coins remain in the hands of those who bought this cryptocurrency for traditional money. Not without reason, however, Ethereum is referred to as the second bitcoin, because the market capitalization of ETH at the end of June 2017 exceeded 28 billion USD.

At the beginning of its history Ethereum cost about 2.8 USD. The current historical ETH peak amounts to USD 395, which makes this cryptocurrency one of the fastest growing cryptocurrencies in the world.

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