88 by January 13, 2018.Īfter that, the cryptocurrency hype ended, and by December 2018, ETH was already trading below $100. After a brief descent to $675, ETH almost doubled its value and rose to $1,432. On December 20, 1 ETH cost $868 dollars - 10,320% more than at the beginning of the year.
Starting in 2017, the ether began its victorious march upward from a modest level of $8.33. None of the investors had any idea that the cryptocurrency boom was just around the corner. Later, the ETH exchange rate corrected, and the coin was trading at about $7-8 until the end of the year. The price of ETH for six months soared from about $ 0.95 (as of January 1) to $20.59 dollars (June 16) - an increase of about 2060%. In 2016, the first significant growth of the exchange rate began. When the hype around ETH started to cool down a little, the price of the coin was basically $ 1 or so. Let's see how much Ethereum costs now and how the value of the cryptocurrency has changed since its network started working in July 2015-about a year after the sale of tokens. As a result, about $18 million was collected. Buterin attracted several other specialists as co-founders of his own currency, and in the summer of 2014, the first sale of ETH tokens took place. He learned about cryptocurrencies and blockchain about two years after the launch of bitcoin. The second most popular cryptocurrency was created by a Canadian programmer of Russian origin, Vitalik Buterin. Whenever transactions are made in the Ethereum blockchain and operations are closed, the user is charged a commission in the ether cryptocurrency.
dApps serve to create more effective alternatives to the technologies that we use every day. This network is the basis of many decentralized applications, which are called by one general term - dApps. The main purpose of ether is not only transactions of digital assets, but also support for the operation of the Ethereum blockchain. The same thing would happen if you sent him 1 ETH-unless your friend would be much happier, since now this coin is worth more than $2 thousand. Imagine that you sent a friend $ 5-and they immediately came to the account without the participation of third parties. Ether can be sent to friends via the Internet quite quickly-usually for a much lower fee than other altcoins.Ĭryptocurrency ether can be compared with cash. Ether in ancient Greece was called the upper layer of the atmosphere, and in chemistry, this is how some classes of chemical compounds are designated.īut what is ether in the world of cryptocurrencies? Ethereum is a form of digital money that is mainly used on the Ethereum platform. Any worthwhile guide should start with a definition.
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