An open source, decentralized platform running smart contracts, Ethereum was initially founded in July 2015. They aim to run applications precisely as programmed without the scope of any system failure, fraud, third party intrusion etc. Running on a custom built blockchain system, it provides users the services to create markets, store logs of liabilities and move capital in accordance with long given instructions. Ether, a cryptocurrency which can be transferred between accounts, is used to recompense mining nodes for mathematical calculations executed. Worked upon by a worldwide team of dedicated and passionate developers, Ethereum is developed for the Ethereum Foundation which is a Swiss non-profit organisation. It is supported by Linux, Windows, MacOS, POSIX, Raspbian operating systems. Ethereum aims to be sort of a world computer that would not just decentralise but also democratise the current client-server model. It is working on returning the control of the data in numerous services such as Google Docs, Google Sheets etc, to its owner.
The Ethereum wallet, the digital wallet designed for users on the Ethereum blockchain helps one hold and secure Ether and/or other crypto assets which have been built on Ethereum. Not only is it just a digital wallet, it also helps one write, station and use smart contracts. With a total of 5,000,000.00 token supply of Ethereum tokens and a collective total of 2539 token holders, the top 10 token holders account for a total of 4,847,030.06 tokens. This means that almost 96.94% of the total Ethereum tokens are being held by the top 10 holders of Ethereum tokens collectively. Only a small fraction of Ethereum holders i.e. 0.39% make up for the largest chunk of token holders. Ethereum addresses or the addresses of the token holders are composed of the prefix ‘0x’, concatenated with the rightmost 20 bytes of the big endian hash of the ECDSA public key. These addresses belong to token holders who usually like to hold on to these tokens long enough for the network value to take over the conjectural value.
The top 10 ethereum token holders are or The ethereum richlist is as follows:
|7||0xe853c56864a2ebe4576a807d26fdc4a0ada51919 | Kraken_3||801,159.261933372094865 Ether|
|8||0x9937dbb2128b55c44d8af7bf36fd76796a814cf4 | EOS-Owner||775,764.614011410664714104 Ether|
|10||0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 | Bittrex||676,216.020648665787404457 Ether|
A belief mostly based upon the long term scaling solutions provided by Ethereum, it has now been put forward as a wide held belief that in the near future Ethereum would have one of the largest market cap. Ethereum’s transition from proof of work to proof of stake mining will result in a significantly lower environmental footprint.