Cryptocurrency Ethereum (ETH, Ethereum) - what is it and why is it needed in simple words

Among the many cryptocurrencies, Ethereum occupies a special place, as it is considered the main competitor to bitcoin and one of the most promising digital currencies. It also has significant advantages that allow you to view Ethereum in a completely new context than the usual digital currency. Lets get to know it in more detail and assess its prospects based on the available information from leading cryptocurrency exchanges.

What is Ethereum (Ethereum)

Digital currencies have flooded currency exchanges. After bitcoin, Ether or Ethereum is considered the most famous and in demand. What is Ethereum, lets try to figure it out further.

Ethereum is a type of electronic currency (you can read about the concept of cryptocurrencies and electronic currencies here ), which is based on blockchain technology, where all information about a monetary transaction is recorded. This technology allows registering any transactions, regardless of the type of assets, based on a distributed database of blockchain-type agreements without using the usual legal procedures. It got the name "smart contracts". Ethereum is designated as ETH on exchange markets and cryptocurrency exchange offices.

At its core, Ethereum is both a cryptocurrency and a decentralized functional environment that has fundamentally changed the IT space.

How is Ethereum used? Based on it, you can create applications. Many projects on Ethereum have already been created, examples of which will be given below. Ether also helps to gain access to a smart contract. Of course, it is used as a payment currency. Many Bitcoin users have switched to this digital unit due to the slowdown in its development. The widespread use of Ethereum attracts more and more attention to it, because its use is limited only by the imagination of Buterin and his team.

Ethereum history

Ethereums story begins with a desire to improve the Bitcoin crypto asset . The first mention of Ether was in an article by Russian programmer Vitaly Buterin, published in the 2013 edition of Bitcoin Magazine. It outlined the idea of a platform that was supposed to become not so much a financial system outside the control of the state, as a way of exchanging an intellectual form of capital, as well as services between all of humanity with access to the Internet. Since Bitcoin did not support Buterins ideas, he decided to assemble his own team and create his own blockchain at a high-tech level, which would use smart contracts to complete transactions.

Who is Vitaly Buterin? He is the founder and main ideologist of Ethereum. As a 19-year-old computer science student, this young Canadian programmer with Russian roots developed the idea of the platform, for which he received a Peter Thiel scholarship. Its size was 100 thousand dollars. Such money became the impetus for the development of the Ethereum project. Now Buterin remains the main leader of the group working on the study of Ether and developing it.

Since 2014, ETH cryptocoins began to be actively issued, and in the process of their implementation, by the end of the year, 18 million dollars were earned. An early version of the Ethereum blockchain network was released in July 2015 and was named "Frontier". The next version of the improved protocol "Homestead" and the intelligent investment platform "DAO" make it possible to form investment portfolios for investors, with the help of which high returns were achieved. Its code should provide independent project operation without human intervention.

In 2016, the system was hacked, which led to the loss of a third of all available funds, and after the return of the stolen resources, it was decided to take protective measures. Part of the group working on the project decided that such changes would completely cancel out the idea of a decentralized network, and split off. As a result, a new cryptocurrency Ethereum Classic appeared, which is the old version of Ether.

2017 was marked by the appearance of Ether in the ETORO social trading network. This happened in February. And in March, the volume of trade in this cryptocurrency reached $ 450 million. Already in May, ETH tokens can be purchased on the Avatrade site at a price of $ 94.22 per 1ETH. And a month later, there is a rise in value up to $ 400 per coin. The total growth since the beginning of 2017 amounted to more than 5000%

Distinctive features of Ethereum

Although Ethereum has been compared to Bitcoin, they are very different in their purpose. Thus, Ether became not only a cryptocurrency, but also a separate platform and programming language. It can be used to create new applications and launch them.

Here, each of the transactions occurs through the action of a computer program that checks all the terms of the transaction and if the obligations between the sender and the recipient of funds are not fulfilled, then it will not be performed. Thus, all agreements remain honest from start to finish. There is no way to bypass or cancel a smart contract.

A real example of the operation of such a smart contract is the online purchase of goods. If you sent the goods to the buyer, then you will receive money for it only after they receive the parcel and enter the code into the program. After activating such a password, the parcel will be unblocked and the payment will be transferred to the sellers account. That is, the parties will receive access to the goods and money only after the conditions of the transaction established in the program are fulfilled.

Smart contracts themselves do not have to be related to money transfers. This can be any interaction with information, its reception and transmission. On the blockchain system, you can create a business and control certain processes.

The Ethereum platform uses a programming language similar to JavaScript. That is, money is transferred by the program without the participation and influence of people. It determines the degree of fulfillment of the terms of the transaction by both participants and when the transaction is completed, the result is entered into the blockchain.

Among the features of Ether are also distinguished:

• non-stop application work;
• it is perfectly protected from hacker attacks using encryption technologies;
• the application works on the basis of group decisions, which does not allow it to be controlled;
• there are more applications here than bitcoin;
• outsiders cannot make changes to the system;
• Ethereum is an internal currency that carries information of all types;
• decentralization is used like the bitcoin system, but without access to personal data;
• open, but secure protocols, since cloud storage of information is used;
• Ethereum is building bricks or credentials, which are program code;
• application operation is possible under any system conditions, both on a mobile device and on a stationary computer;
• Ethereum is built on a perfect programming system in tandem with blockchain technology;
• in cryptocurrency applications, three approaches are implemented at once, helping to create a business, own add-ons and mine coins.

How Ethereum works

An Ethereum smart contract is a computer algorithm that is used to secure contracts on the blockchain. It acts as a public status register and records all activities performed on the network in real time. Smart agreements are structured in such a way that the required action will be performed only if the necessary conditions are met.

Such basic objects are distinguished in smart contracts.

1. The parties that interact with each other are signatories.
2. Subject matter of the agreement, which may include the provision of a service, money transfer, or lease.
3. The underlying conditions under which the contract will be executed are presented in the mathematical and programmatic description.

Smart contracts are the basis of each ІСО, as well as a guarantee of the enrollment of tokens after the ether is transferred to the specified accounts.

The principle of blockchain operation is similar to Bitcoin. It also needs miner support. Thanks to the Proof-of-Work algorithm, which requires the computing power of computers and servers, a search is made for the desired element, which is important for those who want to receive a reward for finding a block signature.

Ethereum advantages and disadvantages

Ethereum has both strengths and weaknesses. Among the advantages of this platform are the following.

1. The Ethereum network can serve as a transfer of information and a ledger for its restructuring and storage.
2. The payment system is universal and allows you to create your own digital currencies. This is done by attracting resources for the further development of the project through crowdfunding.
3. The terms of the agreement remain unchanged from the moment of signing the contract and until its completion, unless the participants themselves have included such a condition in the agreement. Moreover, all requirements are written in the internal language "Solidity".
4. It uses secure smart contracts, transactions are concluded without the presence of other persons. The system independently evaluates the statuses of each of the parties to the agreement in relation to the level of fulfillment of its conditions and performs a transaction when the fulfillment of their obligations is confirmed.
5. The speed of transactions is much higher than the Bitcoin system, and the commission for transferring money is lower.
6. Turings full internal code makes Ethereum flexible, allowing everything to be calculated accurately with the right capacity and time.
7. There is no need for intermediaries, which results in significant savings in time and money.
8. The amount for payment of the order will be blocked on the customers account immediately after the conclusion of the agreement, as soon as its fulfillment is confirmed.
9. It is impossible to interfere with transactions, since all information about it is entered into the blockchain Such interventions are possible only during the hard fork, but the update is designed to enhance the security and stable operation of the system.
10. The system supports almost any programming language, and its simple and accessible code allows you to experiment with it almost unlimitedly.
11. For the extraction of this cryptocurrency, there is no need to buy heavy-duty equipment, like for mining bitcoin coins.

There are also disadvantages of ether, which are as follows:

• smart contracts lead to the reduction of administrative jobs, which affects the global economy;
• there are problems with the placement of Ethereum tokens on cryptocurrency exchanges; you take full responsibility for them, sometimes they just refuse to post;
• the Ethereum system is not scalable - this means that the transaction will be carried out only after all participants have fully fulfilled their obligations, Buterin himself considers this disadvantage to be the most significant.

Mining Ethereum

Since Ethereum is a cryptocurrency, it can be earned using standard methods typical for making such money. Mining is the main one. It involves the use of own or leased technical resources. 

Mining Ethereum cryptocurrency is possible thanks to the Proof-of-Work algorithm, which acts as a transaction processor. His job is that the system pays for the solution of a complex algorithmic problem in the ETH cryptocurrency. This requires high energy costs and powerful equipment.

To mine cryptocurrency, you need to understand how hashing is done. For Ether, this algorithm is called ethash. The bottom line is that it performs hashing of the final system block using the nonce code, which is an arbitrary binary number that sets a unique value for the hashing function.

It is not possible to pick up such a code by chance, so it is searched for by cyclic movement along the entire chain of solutions until the correct value is found. It is the launch and operation of this algorithm that is the result of using the power of computer technology, in particular, a computer.

The miner who has found the required code receives 5 ethers for decrypting it. Then the process is repeated. The cycle repeats every 12 seconds.

Mining on video cards

To mine Ether, you need to acquire such components.

1. A video card with a GPU score of at least 4-6 for one PC acting as a farm.
2. A computer or farm with 64-bit Windows installed.
3. Make a choice among Ethereum cryptocurrencies.
4. Internet with good ping.
5. Mining pool.
6. Mining software with further customization.
7. A place to store earned currency.

You can mine both on video cards and using cloud mining. The internet may not be very fast, but the ping should be good.

Ethereum is getting harder to mine, and Ethereums value is decreasing. You can get it from your home PC or using a mining farm. Equipment for this requires expensive and powerful equipment. Each video card for such purposes costs more than $ 300. The equipment pays off in 8-11 months.

To mine Ethereum on video cards, you need hardware with such characteristics.

1. The memory must be at least 3 GB. But with the constant increase in the DAG file, the indicator for it will grow. The more memory, the faster the cost recovery will be.
2. It is better to use high-speed DDR 5 memory sticks. They have a good ratio of power consumption and performance.
3. A 256-bit bus will do. It is not worth taking 128 bits, since its performance is low for these purposes.
4. Pay particular attention to cooling systems. You can choose Radeon or the latest Nvidia.
5. Better to choose graphics cards with overclocking capability. This leads to an increase in its power, but you have to deal with the settings.

Pools for Ethereum

Mining pools are servers that distribute tasks among the participants present. When one of them finds a target, then a block is created and its members receive a reward. With the help of a pool, much less resources are spent than with individual mining. The profit in the pool is shared among all participating miners.

When choosing a pool for mining ether, it is worth considering the commission, which is usually 1-2%, the frequency and size of the minimum payments are also important. When choosing the size of payments, also pay attention to the smallest amount of the amount that can be deposited. If you can withdraw 0.5 ETH, and the exchange accepts at least 1 ETH, then it should be withdrawn.

Refer only to well-known and well-known pools. Dont get fooled by new items. It is also worth giving preference to multi-currency options. A good signal for the pool is its openness, when you can find out information about the mining of other visitors. Do not use pools that are often offline.

We list the best pools for mining Ethereum.

1. ethpool.org. For mining, you should install the ++ ETH version on it.
2. eth.nanopool.org. The minimum hash rate for it is 5 MH / s. Commission 2%.
3. whalesburg.com. Here, payments are made only in the ETH with a commission of 0.9–3%.
4. 2Miners. Funds are paid every 2 hours, commission 1%.
5. Ethereumpool. Here is a semi-automatic system for withdrawing earned funds with a commission of 2%.

For mining, you need to install one of the programs specially designed for this, as well as configure it.

The following programs have won the trust of miners:

• Claymores Dual;
• Etheminer.

We start the mining process by installing drivers for video cards. AMD is supported by the Adrenalin Edition. In the running version of the program, go to the global settings and go to the settings window, where the calculation mode is set in the GPU workload. For each connected video card, similar actions are performed. Computing mode will provide a higher hashrate.

For Nvidia video cards, in the product series field, you need to select the series of your model, and by going to the product family section, you need to select the specific hardware and click "search" after installing the OS in the corresponding field. This will open a page with a link to download the latest driver, which must be downloaded and installed for further work.

Go to the properties "My Computer" and, going to the device manager, click on the video adapters. Such manipulation will open access to the list of video cards installed in the system unit or on the rack.

Further, to continue working, you need to create a wallet in which the extracted cryptocurrency will be stored.

The next step is to install the mining software and configure it. It comes with a description with all sorts of options for setting parameters. Also, the program may have ready-made and adjusted baht files for various pools, in which you should specify your wallet.

Cloud mining

If it is not possible to buy expensive equipment, then you can use the resources of a remote data center, renting it for a certain time, concluding an appropriate contract. Such an advantageous option is that you do not have to maintain and configure the equipment. All this will be handled by its owner. Also, companies that provide mining servers for rent offer various packages that allow you to mine one or more cryptocurrencies at the same time.

To use this opportunity, it is necessary to use the services of only trusted resources, since deceptions and simply unscrupulous service representatives far outnumber really good and decent companies. When choosing a company that offers cloud mining services, determine its experience and inquire about the organizations reputation. At the moment, the most profitable and popular is IQ Mining.

Cranes

Using faucets is a free method of mining. Hes also the least productive. To extract cryptocurrency, ether will need to go to certain sites and perform the indicated actions, for which funds will be credited, which amount to ten thousandths of a coin.

Faucet companies often generate revenue from advertising. They are willing to share their profits with people willing to help. Cranes also often cheat by not paying the promised funds.

Since the issues with the transition of the platform to new protocols are being resolved, the production of ether will become unpromising and unprofitable. Now you can still make good money on mining, if you first calculate the profitability of the enterprise.

How to buy or sell Ethereum?

There are several ways to buy Ethereum cryptocurrency. Lets point out the advantages of each of them.

1. With the help of reliable exchangers. Here the purchase is done online. On the service of the exchanger, the currency of giving and receiving is indicated.

Ours also belongs to such services. Today we offer a wide range of ways to buy and sell Ethereum.

Here are the most popular destinations for buying Ethereum (ETH) in our service:

• Visa / MasterCard → Ethereum (ETH) ;
• Bitcoin (BTC) → Ethereum (ETH) ;
• Sberbank → Ethereum (ETH) ;
• Tinkoff → Ethereum (ETH) ;
• Alfa Bank → Ethereum (ETH) ;
• Qiwi RUB → Ethereum (ETH) ;
• Yandex Money → Ethereum (ETH) ;
• Credit Card → Ethereum (ETH) .

And this is a list of popular directions for the withdrawal of the Ethereum cryptocurrency (Ethereum, ETH):

• Ethereum (ETH) → rubles Sberbank ;
• Ethereum (ETH) → Tinkoff rubles ;
• Ethereum (ETH) → rubles Alfa-Bank ;
• Ethereum (ETH) → Qiwi RUB ;
• Ethereum (ETH) → rubles Yandex Money ;
• Ethereum (ETH) → Visa / MasterCard rubles ;
• Ethereum (ETH) → Bitcoin (Bitcoin, BTC) ;
• Ethereum (ETH) → Tether USD .

1. They buy and sell Ethereum, like other cryptocurrencies on exchanges. There are over four hundred platforms where this digital coin is listed for sale. Among them, you can specify the leading exchanges in terms of conscientiousness and conditions: Bitfinex, Binance, GDAX, Livecoin.
2. It is possible to buy coins from another owner without intermediaries.

Lets consider the advantages and disadvantages of each of the above methods.

When buying Ethereum through online exchangers, transactions are fast and a minimum list of data and operations is required. Mandatory client verification may also be missing here. Among the disadvantages of the service, one can single out the presence of fraudsters among service representatives, so the authority of the service is important.

When buying and selling Ethereum through a cryptocurrency exchange, you do not receive funds so quickly, your account is well protected from hacking, the ability to buy a large number of coins, constant monitoring of the value curve to determine the most favorable transaction time, the level of fraud is lower than when using exchangers. But in this method of buying or selling, there are a lot of shortcomings, for example, a large amount of data and documents for identity verification, the likelihood of freezing an account and funds in case of suspicion that the account has violated the rules for a variety of reasons.

If you want to buy Ethereum from a coin holder, then there is the maximum level of customer privacy, but the disadvantages are the most. Among them: a high level of fraud, not a very profitable rate, a small number of offers, usually such sellers are concentrated in large cities, there are no guarantees.

When selling Ethereum, the steps are the same as buying. On the exchange, a request for a sale is created, and in the exchangers they simply change the places of the give and receive currencies. If you want to sell as a coin holder, it is better to use special forums where such transactions are carried out.

Ethereum to ruble rate

At the time of this writing (July 2019), the official Ethereum exchange rate against the ruble was RUB 14,287.94. according to https://ru.cryptonator.com. 

You can also watch the course on numerous cryptocurrency exchanges. At the same time, the values will differ, and a comparison of the indicators of various resources allows you to choose the most optimal option for the operation of buying and selling Ethereum cryptocurrency.

It was the possibility of buying Ether for rubles that made it attractive to Russian citizens. That is, it became available to ordinary people, and free access to the systems capabilities only reinforced this sympathy.

Ethereum to dollar rate

Since the dollar is considered an international currency, the most popular is information about the Ethereum exchange rate in relation to USD.

The cryptocurrency rate is influenced by a number of factors, which include:

• the state of the digital currency market;
• Ethereum demand: the more it is bought, the higher the rate;
• bans and restrictions imposed by the authorities on the use and sale;
• data on hacker attacks and break-ins have a bad effect on the course;
• slows down the increase in the rate of unlimited release of coins;
• the Ethereum course depends on the setting of restrictions on the conduct of the ICO.

Thus, ether is a rather sensitive cryptocurrency that is afraid of changes in many factors. The current rates of Ethereum to the dollar are $ 225.28 per 1 ETH.

Considering the graph of changes in the ether rate against the dollar, you can see that the peak in the value of this currency was observed in January 2018. Further, its value began to fall. And since the middle of 2018, there have been no sharp leaps. This indicates a gradual decline in interest in this cryptocurrency and the expectation of the period of the last system update.

Ethereum to Euro

The current Ethereum rate to the euro was € 200.88 per 1 ETH. According to the site https://minfin.com.ua/, the rate change per hour was -0.42%, and over the last day - -0.77%. Weekly fluctuations were -0.42%. Ethereum exchange is possible on digital currency exchanges or through exchange sites.

Where to store Ethereum

To buy Ethereum, you need to acquire a wallet to store it. Since cryptocurrency cannot be put into your pocket like a regular bill, you need to look for other options for its content. There are these types of wallets for storing Ethereum.

1. By downloading a special program to a PC or mobile. In this case, EthereumWallet is installed or the alternative is Mist.
2. Using online wallets. Here the information will be synchronized with the online servers. This allows you to send Ethereum currency for safekeeping immediately after the wallet is created.
3. Use wallets provided by cryptocurrency exchanges. But to get them you need to register. It is often more expensive to store cryptocurrencies here than in other ways.
4. Hardware wallet. It looks like a flash drive on which the keys are saved. This is where data theft is most difficult until the drive is connected to a computer with an active Internet connection.

Mist is Ethereums own browser also used to store coins. It has a high level of security with two-factor authentication on login. It implements simple control methods and the ability to fully download the blockchain. All private keys will be located on the users PC and will not be able to be transmitted over the Internet. Mist is open source, which allows it to be integrated into other projects and third-party platforms. When installing, keep in mind that the browser needs time to sync for the first time.

EthereumWallet is designed to work with ERC-20 tokens. By itself, it is not a wallet, since funds are not stored on it, they reside on the blockchain. The program helps to establish interaction with a decentralized system. Here also passwords remain on the owners PC. This method of storing Ethereum funds also has a high level of security, preventing hackers and virus programs from entering it. The service is also configured in the absence of the Internet. Even the loss of keys will allow you to restore access to the deposit.

To install the Ethereum wallet software on your computer, follow these steps:

• download and unpack the archive with the selected program;
• launch the wallet and start downloading digital money transactions, this may take a long time, depending on the power of your PC;
• after the download operation is completed, the wallet can already be used, but for this you need to create a wallet for Ethereum;
• click on ADD Wallet and you can rename the created wallet;
• to transfer your funds when using cranes, you must specify the address;
• funds are sent in the SEND tab, where the wallet number and the transfer amount are entered in the window that opens;
• you specify the commission, but its amount affects the priority of the transaction.

Online versions of wallets have more access to the storage, but its security level is lower than this option.

To create an online wallet, you need to register on a website that provides such services. It is possible that the owner needs authentication with the provision of personal data. After completing all the procedures, you need to log into your wallet and replenish it from your bank account. Further, it can be used to transfer the extracted ether to storage.

It is not difficult to store Ethereum, but it is worth remembering that the safety of data depends on the security of your computer and the storage system itself. You should not store passwords from wallets on a PC with Internet access, and you should not transfer this data to anyone.

How much is Ethereum

Investors are concerned about the number of Ethereum coins that are expected to be released. This number determines the assessment of the prospects of the currency and the feasibility of investing money in it. How many Ethereum will be released, many are wondering. So far, it has been stated that this number of coins is not limited. This is due to the peculiarities of the currency and its purpose.

The creators of the ether assumed that with this digital currency it would be possible to make settlements for virtual transactions and transactions, it was planned to expand the use of the Ethereum coin. Many financial institutions have supported the development of Ethereum, seeing the prospects for its development. These include:

• Vnesheconombank;
• IBM;
• Microsoft;
• H7;
• Acronis.

More than 100 million coins have been released so far. It is the third most capitalized cryptocurrency among cryptocurrencies. This level has been achieved due to the gradual increase in the value of cryptocurrencies.

Ethereum is only threatened by inflation, which is constantly being fought by the founders of the site. All the decisions made by Vitalik Baturin only improve the position of the currency and its appreciation.

Ethereum emission

According to official estimates on July 11, 2018, the Ethereum emission reached the milestone of 100 million coins. And by the middle of 2019, there were even much more of them, although mining is constantly slowing down. If earlier the founder of the currency did not expect to reach this level, then later announced that the ETH would be limited to 120 million coins. This decision was never implemented, and the Ethereum release boundary was not finally set.

Various solutions have been proposed to tackle the rise in inflation, but none of them has been put into effect yet. Among others, it is proposed to introduce the Proof-of-Stake algorithm, Casper, which should reduce the existing inflation rate from 10% to 0.5%. There were also proposals to limit the issue of coins to 144 million, if it is not possible to level the situation with the help of other instruments. The launch of such programs is expected to be carried out by 2021.

What is provided by Ethereum

Ether is mined by mining POW using the Ethash algorithm, support is provided by GPU miners and other non-standard miners.

But Ethereum also allows blockchain projects to help manage charitable foundations or betting on poker and sports. Access to the platform is open through the Google Chrome MetaMask extension or the Mist Internet browser.

The Ethereum platform accepts all programming languages. The platforms virtual machine is a Turing machine, compiling smart contracts into bytecode just before being placed on the blockchain. The use of loops is also indicative of the implementation of any smart contracts. The possibilities of this platform are almost unlimited.

The future of Ethereum

Since Ethereum has not only competed with bitcoin, but also performs much more tasks, the rapid development of this cryptocurrency is justified. What are the prospects for broadcasting in the future?

With its decentralized system, the future of Ethereum can be focused on attracting investors and implementing projects using smart contracts. It is a revolutionary digital currency in the IT field with growing popularity and value.

The development of the cryptocurrency was originally planned in 4 stages.

1. It was launched in 2015 with the full release of Ethereum. The developers were able to mine ether and experiment on the network with the created platform.
2. Homestead was launched in March 2016, when ether becomes available for mining for ordinary cryptocurrency miners. This is where protocol data improvements were made and the prospects for innovation were laid.
3. Metropolis started in October 2017. In the Byzantium phase, Ethereum is getting faster and stronger. The next Constantinople update was supposed to take place at the same time, but was postponed several times, and was launched only in February 2019.
4. Ether will switch to Proof-of-Stake to reach Casper consensus. This algorithm is more environmentally friendly than the current one. Maintaining POS will facilitate the scaling of the entire system and will allow keeping its decentralization at the required level.

At the Constantinople stage, the following changes were introduced:

• miners receive a reward of 2 ETH;
• the efficiency and speed of the blockchain has increased;
• the electricity consumption network has become more economical;
• reduced consumption of the internal Ethereum currency;
• the so-called "Difficulty Bomb" has been postponed, as well as the last planned stage of the transition to Proof-of-Stake, which involves the end of mining on hardware, but rewards for keeping money will remain.

What is Proof-of-Stake. Back in August 2017, Buterin announced that he intends to leave Proof-of-Work. Proof-of-Stake will be a new solution that allows validators to wager on blocks they think will be added to the blockchain. For guessed positions, a reward will be accrued. The introduction of such a system is constantly being postponed, which leads many to believe that it is not compatible with this system.

Also speaking about the development of Ethereum, it is worth pointing out its strengths and weaknesses. The currency is currently firmly on its feet, and this is evidenced by the growth of assets of the underlying platform due to the growth of tokens that are based on Ethereum. Already many developers are using a network for which gas is a fuel. The bright future of Ethereum is evidenced by the creation of the Enterprise Ethereum Alliance (EEA) group of leading companies, including Microsoft and Intel. Its main goal is to use the Ethereum blockchain in new applications. In general, this cryptocurrency and its capabilities gather around smart and talented programmers, investors, developers, etc.

A weak point that can stall the development of a currency or completely destroy a project is its creator and the atmosphere in the development team itself. The future of this system depends on the enthusiasm and desire of Buterin and his team. If Vitaly decides to quit the project, he will simply close, since the world society is positioning Ethereum with him.

Ethereum projects (TOP-10 most successful)

Everyone has the opportunity to access the Ethereum platform. For this there is a specially installed browser Mist. It can not only store digital coins, but also open access to changes in the terms of smart contracts. The Mist browser can not only provide access to your Ethereum wallet and the Internet in general, but is also a convenient platform for creating blockchain applications. This became the basis for the implementation of many interesting and practical ideas.

No wonder it was said that many companies are interested in Ethereum. Many projects have already been implemented on this platform. Lets list the main ones.

1. To rank members and track their interactions on global socio-economic platforms. They ensure the safety of the parties to the transaction, since the customer and the contractor can familiarize themselves with the collected history of interactions.
2. Rudy Mental crowdfunding projects were organized for representatives of the creative direction.
3. With Cirst Blood, gamblers can monetize their bets on esports or sports matches and competitions.
4. Blockchain is used to organize elections for leaders of countries and their governments. The system ensures complete accuracy of vote counting due to the impossibility of substituting information in the blockchain.
5. VeChain system helps to track parcels and cargoes, making logistics automated. For this, modern electronic chips and QR codes are installed.
6. U-CASH, Telcoin refer to secure mobile money transfer systems. To do this, you need a smartphone and an API application on a device with Internet access.
7. The organization and holding of concerts using virtual reality is provided using VR technology. Working with VibeHub, Viberate projects.
8. Taxi with a safe car and a professional driver, as well as the management of cargo and passenger transportation without the use of drivers.
9. Uport is a secure way to control personal information. Here the user independently determines the list for whom the data is intended.
10. Simple fakes or real systems for conducting virtual battles are BlockApps. It creates closed or open applications.
11. Provenance allows the user to get complete information about the product, its origin, in order to ensure the transparency of supply along the chain.
12. Augur is an open platform for predicting the outcome of events, and rewards are awarded to those who make the right prediction.

Based on these data, Ether (Ethereum, ETH) has become not only a promising cryptocurrency, but also helped the implementation of many innovative projects that have made our world more comfortable, more modern, and simpler.