The brainchild of Vitalik Buterin turns four years old today. A project that was proposed in 2013 and launched on 30th July 2015, Ethereum managed to become the 2nd largest cryptocurrency in the world after Bitcoin. Ethereum is a public, blockchain-based, open-source distributed computing platform and operating system that features smart contracts functionality. Ethereum is also a decentralized computing platform where developers can use it to make new crypto assets which are known as Ethereum tokens.
Ether is the cryptocurrency used on the platform, and the reason behind becoming the 2nd largest cryptocurrency is because of the features it had. It’s block time is 14-15 seconds as compared to that of Bitcoin, which is 10 minutes. The transaction fee is different depending on the bandwidth, the storage needs, and its computational complexity.
ETH is down by 2.6% in the last 24 hours, currently trading around $207 (at the time of writing).