Introduction to Ethereum Market Report – ETH Price Drops in Recent Days
Ethereum is a blockchain based technology developed by a worldwide team of developers for the Ethereum Foundation, a Swiss nonprofit organization. Vitalik Buterin is Director, Co-creator and Original Inventor of Ethereum:
What is Ethereum?
Ethereum is an open source platform to write and distribute decentralized applications. It allows building, testing, deploying and using decentralized applications on the Ethereum blockchain. Ethereum was crowdfunded during August 2014.
According to InsideBitcoins.com in August 2014 in less than one month from inception ‘… the platform has sold more than $21 million in “ether” tokens to people interested in accessing the technology in order to build “decentralized apps.”’ Today’s market cap for ETH is over 265.5 million USD.
Three Development Centers
According to the website http://ethdev.com there are three main development centers: London, Amsterdam and Berlin. The centers serve as hubs for the development of the IDE, software infrastructure and other supporting applications.
Applications: existing and future
On the homepage of ethereum.org there are a number of practical Ethereum based applications you can build yourself. These include a Hello World greeter, and Design and issue your own cryptocurrency – as well as others.
Ethereum applications require at least basic programming skills, installation of the Geth command line interface and purchase of ether (ETH). Ether is the basic gas of the application. Ether is bought to buy low cost processing power for your application, or for trading speculation.
Design and issue your own cryptocurrency
This tool is described as “Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all.”
Requirements? You’ll need Geth the command line tool, basic programming skills, and a little ether. Sound simple? Take a look: https://ethereum.org
As they note, it’s not for everyone because the latest (and first) release “Frontier” is run on a command line. Command line builds are typically the reserve of programmers. However, at first blush the doing appears simple.
Ether trading: price & volume: all time
The chart below shows the all time price and volume for ether. Last Friday February 12 2016 the market saw the highest ever price and trading volume of ETH. Ether peaked at 6.00 USD on a 24 hour volume of 32.6 million dollars in US funds:
24 hour data
At the time of writing the ETH trading data on @BraveNewCoin is:
Get the most recent data here: http://bravenewcoin.com/ethereum
ETH one month history: Poloniex, day increments
The Poloniex exchange chart below shows ETH price over the last month expressed in day increments:
The price has seen a sharp decline in recent days. Nonetheless, anytime is a good time to get started on the vision and future which Ethereum holds.
How do I buy ether the Ethereum fuel?
The fuel that runs Ethereum applications is called ether, symbol ETH. Buy it with bitcoin. Here are some of the cryptocurrency exchanges – or exchangers – confirmed to offer ether as of the time of writing: Poloniex, Kraken, Bittrex, Shapeshift, BTER and Gatecoin.
Some projects built with Ethereum
The promise of change – decentralized blockchain DAPPS
The above list of autonomous decentralized blockchain DAPPS and smart contracts systems software hold great promise for positive change. Application downtime, censorship, fraud or third party interference could become a thing of the past. Ethereum is powering this change.
Breaking news: Mist wallet 0.4.0 (beta 7) available for download
(@ethereumproject) February 16,
@ethereumproject announced their Mist wallet 0.4.0 (beta 7) available for download on GitHub at https://github.com/ethereum/mist/releases/tag/0.4.0. The release marks another milestone in bringing Ethereum from concept to mainstream. Programmers wishing to contribute to Mist development may do so by creating an account on GitHub.
Want to dive deeper?
Download the new Ethereum wallet on GitHub, buy some ether, and head straight for https://ethereum.org
Connect with the Ethereum community on @twitter via @ethereumproject. Check out their blog, YouTube, Reddit, Facebook and meetups via their website https://ethereum.org