Early 2014- Gavin works with other Ethereum core contributors to formulate the Solidity programming language, he then publishes the Ethereum Yellow Paper (direct link to paper), allowing for Ethereum to be adapted to more programming languages. Joe Lubin, supportive of the liberties provided by decentralized tech, also gets involved as an early major investor in Ethereum.
July 2014- Ethereum conducts its first ether token (Ethereum currency) presale.
October 2014- Joe Lubin founds ConsenSys which goes on to become a massive supporter of the growing Ethereum ecosystem.
November 2014- DEVCON-0 organized in Berlin to proliferate more education and support for the development of the Ethereum network.
April 2015- DEVgrants program launched to provide monetary incentive for open source development of Ethereum.
2015- Ethereum Bounty Program launched in order to provide monetary incentive for finding vulnerabilities in the network, so they can be resolved. Ethereum also solicited third-party security audits to be conducted by software security firms, during this time frame.
July 2015- "Frontier" release goes live. Users can now build decentralized apps and write smart contracts on the Ethereum Network. Miners also begin mining ether using Ethereum's Proof of Work protocol.
November 2015- DEVCON-1 organized in London to organize top developers and investors in the blockchain space. This is when Microsoft announced it would use Ethereum in its blockchain as a service model, within their Azure cloud.
March 2016- "Homestead" release goes live. This marks improvements to the software, also prepping for more upgrades and faster transactions.
May-July 2016- Ethereum Classic hard fork- DAO (Decentralized Autonomous Organization built on the Ethereum network with over $150 million designated to fund Ethereum-based projects) was hacked. $50 million stolen using a known security flaw. Ethereum blockchain forked, marking two philosophies. One that stood behind the immutability feature of blockchain (Ethereum Classic supporters). The second that stood behind changing the blockchain to return the stolen funds (Ethereum supporters).
September 2016- DEVCON-2 organized in conjunction with International Blockchain week, in Shanghai.
October 2017- "Metropolis- Byzantium" release goes live. First, of two, Metropolis releases. See (Constantinople) below, for more info.
TBA- "Metropolis- Constantinople" release goes live. Second, of two, releases that is designed to make Ethereum faster, cheaper, and thus more easy to scale, as demand on the network increases. Also designed to make Ethereum more private and secure. This is also the phase where Ethereum's Proof of Work becomes more difficult, paving the way for Ethereum's Casper Proof of Stake protocol (spearheaded by researcher Vlad Zamfir) which will eventually be the consensus protocol that runs the network. Click here for an article with more details on these updates.
TBA- "Serenity" release goes live. Designed to mark the official switch from Proof of Work, to Proof of Stake, with intentions of helping the Ethereum network become more energy efficient, decentralized, and mainstream (scale even larger),
Transparent. Only 3 listed council members as of April 2018. These members seem largely different from the initial leadership (more research to be done, here). Vitalik Buterin (the creator) is one of the most well-know humans in crypto. Vitalik does a good job at being the face and voice of Ethereum, but the official team is small, relative to other projects evaluated.
Gavin Wood was an early collaborator and co-founder of Ethereum.
"The Ethereum Foundation’s mission is to promote and support research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications (dapps), and together build a more globally accessible, more free and more trustworthy Internet."
Ethereum has done a good job at its stated mission. Ethereum serves as a platform for a prolific number of projects, built on the Ethereum network. As of Q2 ,2018, there were vastly more projects built on Ethereum, relative to all other blockchain platforms, combined. Click here to view numerical details.
Smart contracts. Allows users to build their own democratic autonomous organization (DAO), including currency generation and crowdsale. Ethereum was the first to use smart contracts on blockchain which has given them a strong first mover advantage.
Circulating supply as of Q2, 2018 = 98 million Supply cap not designated. At 100,000,000 coins, network ice age begins; proof of work breaks. This is the deadline for switching to proof of stake, no more transactions can possibly be done using proof of work. Experienced a high amount of price inflation since release but it's primary goal is not to be a currency (store of value).
As I mention for supply of EVERY asset, ever- "The supply only matters as much as there is demand to outpace it, and by how much. This is what determines price/value."
Many large and reputable companies have joined the Enterprise Ethereum Alliance; are affiliated with Ethereum in some strategic way. Names include:
MARKETING & SOCIAL MEDIA GRADE = A
See Github, Twitter, and Reddit Data sections, under "Crypt Keeper By Criteria", for more details on each project's marketing and social media presence.
As of Q1 2018, Ethereum has more of a market presence than most other cryptocurrencies. Ethereum has a relatively large and active developer and social media community. Vitalik Buterin does a good job of representing the Ethereum brand. Ethereum's main market consists of top investors and developers of decentralized applications (dApps), which is aligned with their mission. Ethereum is one of the leading cryptocurrency brands, when it comes to good will, and name recognition.
The Ethereum Foundation is based in Switzerland. Switzerland is notorious for being unbiased, in terms of politics and regulation. The fact that ETH's founder has ties to many different countries is in-line with the decentralized nature of the technology he develops and supports. Vitalik Buterin grew up in Russia and Canada, and is now reported to live in Singapore.
My Old/Original Ethereum Video that Explores Name Origins and Project Mission:
BA in Economics. BS in Finance. Hostess of the Crypt Keepers’ Club. Passionate about research, and processing data. I don’t fold sheets, I spread them.
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DISCLAIMER: Information is constantly changing, especially in cryptocurrency. Do more research. Be accountable for your decisions. ALL INVESTMENTS ARE DONE SO AT YOUR OWN RISK!
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