Truth be told, since the inception of ethereum, it has moved at an amazing pace that impressed the investors and brought it to the fore as one of the biggest alt-coins. No one who is into cryptocurrency is oblivious of the almighty Ethereum and many investors and marketers buy Ether in huge amounts because of the speculative future of being able to stretch bitcoin as one with the highest cap value in the cryptocurrency market.
Having won the interest of many, more people are making searches about how best to earn free Ethereum, which inspired them to do freelance services to acquire to Ethereum, participate in affiliate programs, and to perform simple tasks through Ethereum faucets. As one who loves Ethereum or who is interested in this e-currency, here are 5 interesting facts you need to know about Ethereum.
1. Ethereum was a crowdfunding project
Interestingly, this world-renowned cryptocurrency all began through crowdfunding by the funder, Vitalik Buterin. Vitalik, a bitcoin enthusiast as much as he is a programmer developed the idea of having a blockchain cryptocurrency system similar to bitcoin in the year 2013. Due to inadequate funds, he organized a crowdfunding campaign for his idea. After contributions from people and investments from those who believed in the future of the system, Ethereum became launched and started trading, two years later, 2015.
2. Impressive strides
Ethereum didn’t start to be on the front line of cryptocurrency trading systems. It was wasn’t the second most invested in blockchain. Some bitcoin alternative mining and coins that existed before Ethereum took their positions close to Bitcoin. However, with so much improvement in the system and increase in investment, Ethereum made its way through to the fore, ahead of its predecessors in the crypto world. The future of Ethereum is more promising, by market trends and forecast.
3. Ethereum: a myth of fused centralization and decentralization
Truly, Ethereum is totally decentralized without anyone having the entire control over its value or how it might vary across different borders of the world. Nevertheless, there is a team of individuals who manage the system to promote safety and marketing values. Therefore, the cryptocurrency is not left alone to float in the wind; it is being monitored to protect the interest and values of its investors.
4. Ethereum has its own tokens
Ethereum developers built their assets on the blockchain network, giving rise to more than three-quarter of all ICOs. Ethereum has sponsored and hosted many great ICO sales that have interested and encouraged investors over the years. Owing to the relevance of Ethereum, many ICO sales have been built on its platform.
5. It goes for Bitcoin Exchange and Sales
There are many exchanges done by various cryptocurrency companies over the years. However, the Ethereum/Bitcoin (ETH/BTC) exchange has gained ground. Many companies, since 2015 have been offering the pair and exchange of ETH and BTC. In fact, the largest exchange by volume happened in 2015 during Ploniex.
