Ether (ETH) is the cryptocurrency used on the Ethereum blockchain that can be used to operate smart contracts. The Ether pre-sale was held in 2014 and approximately 60 million ether was created for participating pre-sale buyers, and 12 million ether was created to fund development of decentralized applications (dApps) on Ethereum. Each year the issuance of Ether is 18 million, which is about 25% of the initial supply sold during the Ether pre-sale, and about 3 ethers are issued every 15 seconds to miners.
Cryptocurrency ether plunges again, decoupling from bitcoin
What is Ether? - CoinDesk
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What is Ethereum? A Simple Explanation Anyone Can Understand
April 1, 2007
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
- Initial Coin Offering (ICO)An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency.
- CoinbaseCoinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
- Ripple (cryptocurrency)Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.
- Bancor (cryptocurrency)Bancor is a cryptocurrency from Bancor Networks.
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