Proof of Work
(Proof of Stake in version 2.0)
July 30th, 2015
- Ethereum is the most widely used blockchain platform, powering NFTs, ICOs, DeFi and more.
- Ether was originally used only on the Ethereum network, but now websites like Overstock, Cheapair, and Shopify are accepting the cryptocurrency as a payment.
- Ethereum has no limit to how many coins can be created, unlike bitcoin that has a set quantity.
- Ethereum 2.0 which aims to improve current platform is underway.
"The Ethereum Foundation’s mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications (dapps)."
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