Five years with Ethereum

Ethereum was invented five years ago. in this five years Ethereum has reached $38 billion worth. during this time, Ethereum has made colossal progress, rising from smallest coin to the largest blockchain platform. today, Ethereum runs about 2,000 decentralized applications.

Ethereum was invented by Vitalik Buterin, a Canadian programmer. he did it in 2013 while he was just 18 years old. Later a British computer programmer, proved that Buterin idea is possible. Therefore, they started together in a team and made this giant blockchain.

The first version of the Ethereum, called Frontier, was launched on July 30, 2015. This was the flashpoint of the internet which changed the history. after that lots of programmers started developing DApps on this blockchain.

The first price we have on Ethereum is from 2015, which was $2.77. however, in three days, it fall to $0.68 which seemed to be due to the influence of rapid sales. The price rose, however, in 2016 to about $15 per coin. it was at this year that they introduced their new security protocols.

2016 was a good year for Ethereum, till it reached it all time highs, $21, till an Unknown hacker stole about $60 million. This event made the price fall dramatically to about $11.

Untill 2018, Ethereum price rose to $1400, which was unbelievable. But this rise came to an end in middle of 2018. in September 2018, it fell to just $80 which was even less that XRP.

in 2019, DeFi became and important part of Ethereum and finally showed some signs of growth. the market volume of Ethereum rose to total of $260.4 million at the time.

Ethereum 2.0 made the developers hope that the network will become faster, cheaper and more stable.