What is ETH & how does it work?

ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014.

What if someone wants to pay you in ETH?

Well, if someone wanted to pay you in ETH, the Ethereum blockchain's native coin, you'd have to give them your public Ethereum wallet address — a long, alphanumeric string of characters that is boring and lacks personalization. Instead, you can swap that ho-hum address for an ENS domain.

What is Ethereum & how does it work?

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin.

How many co-founders does Ethereum have?

Ethereum has a total of eight co-founders — an unusually large number for a crypto project. They first met on June 7, 2014, in Zug, Switzerland. Russian-Canadian Vitalik Buterin is perhaps the best known of the bunch. He authored the original white paper that first described Ethereum in 2013 and still works on improving the platform to this day.