Ethereum is the second largest cryptocurrency in the world per market capitalization. It is also one of the oldest in market and it is second only to Bitcoin. Since its inception, Vitalik Buterin, the co-founder has been one of the most zealous proponents of the platform. However, his tweets show that he may be making plans to leave Ethereum soon. On the 5th of October, Buterin was asked if he had any plans of leaving Ethereum. In reply he said that it was already in progress and that the Ethereum development team is capable of surviving without him. The tweet was as follows:
“It’s already in progress. Look out for the repos as much research is already being carried out by @drakefjustin, @dannyryan, @icebearhww and others”.
“At this point I believe the Ethereum project can survive even if I spontaneously combust tomorrow.”
Ethereum (ETH) Price Today – BTC / USD
An Overview Of Ethereum
Ethereum is an open-source platform based on the blockchain technology. It was the first blockchain project to support smart contract functionality. The native token of the platform is called Ether. It is referred to as the fuel that powers the Ethereum platform and the platform allows Ether to be sent fast and securely. The platform is made of two layers. The first layer is for private accounts that are controlled by individuals while the second layer is for contract accounts.
When it was launched as an initial coin offering in 2014, Ethereum was less of a working blockchain network and more of a theory. Now, the Ethereum blockchain is one of the most powerful in the world. It is still the foremost provider of smart contract functionality even if there are many third generation blockchains that now offer that feature.
Ethereum Price Analysis
The price of Ethereum has suffered a significant drop over the last few months. At the time of writing, the ETH was trading at $224.79. This indicates a 1.18% fall against the USD and a 0.73% fall against Bitcoin. The trading volume is $1,550,861,112 while the total market capitalization is $23,021,978,434.