Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents approximately 20% of the $1.1 trillion global crypto market. There are some distinct differences between Ethereum and the original crypto. Unlike Bitcoin (BTC), Ethereum is intended to be much more than just a medium of exchange or a store of value.
Is Ethereum a regulated cryptocurrency?
The Ethereum protocol officially launched in 2015 and quickly rose to become the world’s second-largest cryptocurrency by market value behind bitcoin. Read less... Cryptoassets are highly volatile and unregulated in some EU countries and the UK.
Is Ethereum a proof-of-stake?
Ethereum’s transition to the proof-of-stake protocol, which enables users to validate transactions and mint new ETH based on their ether holdings, is part of a significant upgrade to the Ethereum platform. Previously called Eth2, this upgrade is now referred to only as Ethereum. However, Ethereum now has two layers.
What are Ethereum token standards?
While there are several different token standards known as “EERC” deployed on the ethereum network, three are commonly used: ERC-20: For creating fungible tokens that have similar properties to bitcoin and other mainstream cryptocurrencies. ERC-721: For creating non-fungible, unique tokens such as NFTs.
