Who started Ethereum?

Ethereum was conceived in 2013 by programmer Vitalik Buterin. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.

Why is Ethereum so popular?

A large community of Ethereum developers is constantly looking for new ways to improve the network and develop new applications. “Because of Ethereum’s popularity, it tends to be the preferred blockchain network for new and exciting (and sometimes risky) decentralized applications,” Avital says.

Does Ethereum have a cryptocurrency?

Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. Still confused? Let's explain everything step-by-step. What is a cryptocurrency? Crypto (short for cryptocurrency) is a new form of digital money powered by cryptography. It all started in 2008 with Bitcoin.

Is Ethereum a decentralized network?

It’s distributed in the sense that everyone participating in the Ethereum network holds an identical copy of this ledger, letting them see all past transactions. It’s decentralized in that the network isn’t operated or managed by any centralized entity—instead, it’s managed by all of the distributed ledger holders.