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Ethereum
What this page is: neutral, sourced facts about Ethereum. Every line links where it was checked. 12 facts, 9 from primary sources. Educational, not financial advice.
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Launch
- The introductory paper was published in 2013 by Vitalik Buterin before the project's launch in 2015; Frontier, a live but barebone implementation of Ethereum, went live on Jul 30, 2015. primary source source
Founders and creators
- Vitalik Buterin and other co-founders; Ethereum has a total of eight co-founders. secondary source source
Origin story
- Funded through an online public crowd sale in the summer of 2014 that raised $18.3 million in Bitcoin. secondary source source
Stated purpose
- 'A next-generation smart contract and decentralized application platform'. primary source source
Consensus mechanism
- Proof of Stake since The Merge; previously Proof of Work. primary source source
Supply model
- EIP-1559 introduced a base fee that is burned. primary source source
Main uses today
- ETH is used to pay transaction fees (gas) for using the network and its applications, and to secure the Ethereum network through staking. primary source source
Key milestones
- London upgrade on Aug. 5, 2021. primary source source
- The Merge (switch to proof of stake) took place in September 2022. primary source source
- Shapella (Shanghai-Capella) was the update that allowed for staking withdrawals. secondary source source
- The Cancun upgrade included EIP-4844, known as Proto-Danksharding, which introduced data "blobs" that enable rollups to post data to Mainnet for a short period of time. primary source source
Notable events and controversies
- The DAO hack in 2016 led to a hard fork; the original chain continued as Ethereum Classic. primary source source
Sources & studies
Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.
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