Ethereum » BLOCKCHAIN DIRECTORY

Founded: July 2014

Founders: Vitalik Buterin and Gavin Wood

Customers/Partners: rapidly growing ecosystem

Description:

Ethereum is a Blockchain 2.0 platform that permits smart contracts and distributed application to be created and executed without any possibility of downtime, censorship, fraud or third party interference. Ethereum utitlizes a Turing complete programming language and a decentralized virtual machine that executes peer-to-peer contracts with a digital asset called Ether. While Ether is initially mined by proof-of-work protocol, Ethereum will move to a proof-of-stake system called Casper.

Originally authored by Vitalik Buterin and Gavin Wood in 2013, the initial crowdsale of Ether tokens brought in more than 31,000 bitcoins, approximately US$18.5 million at the time. After the Ethereum blockchain went live in July 2015, there has been an explosion of interest in Ethereum as a platform for decentralized applications and smart contracts.

The Ethereum project is driven by a Canadian non-profit foundation, the Ethereum Foundation, and a Swiss company, Ethereum Switzerland GmbH.

Articles concerning Ethereum:

• Cognizant – “Significant Progress” Made in Improving Blockchain Performance

• Microsoft Joins Chamber of Digital Commerce, Reveals New Blockchain Partners

• ConsenSys DApp Enables Registry Creation & Management on Ethereum Blockchain

• R3’s Corda Ledger Platform Demos for First Time at Barclays Accelerator Event with Smart Contracts

• BigchainDB, Eris Industries Jointly Build Enterprise-Grade Decentralized Application Stack

• Chain-Finance Workshop Discusses Blockchains in Credit Markets, Bonds

• Tendermint CEO on Powering Blockchains with Speed, Security, Scalability

• JPMorgan Introduces “Juno” Blockchain Prototype with Lower Latency, Higher Throughput

• Eris Plays Major Role in R3’s Latest Blockchain Test with 40 Global Banks

• 40 Major Banks Test Rival Blockchain Techs of Chain, Eris, Ethereum, IBM, Intel