Ethereum’s formal development started in early 2014.
The official Ethereum launch date is July 30, 2015. This marked the start of the Ethereum blockchain with the “Frontier” version.
The genesis block contained 8,893 transactions, allocating ether to different addresses, and a block reward of 5 ETH.
Ethereum introduced the Ethereum Virtual Machine (EVM) and the ERC-20 token standard, enabling smart contracts and decentralized applications (dApps).
Although ETH coins were purchasable in 2014, the Ethereum blockchain did not actually go live until July 30, 2015.
сегодня, Ethereum continues to evolve, driving innovation in decentralized finance and beyond.
Frontier was primarily aimed at developers, allowing them to experiment and build on the nascent platform. This initial phase was crucial for identifying bugs and refining the technology before broader adoption.
The launch of Ethereum was a significant step forward in the blockchain space, offering a more versatile and programmable platform compared to its predecessor, Bitcoin. The ability to create smart contracts opened up a wide range of possibilities, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and beyond.
Ethereum’s journey has been marked by several key milestones and upgrades since its initial launch, each contributing to its scalability, security, and functionality. These include the transition to Proof-of-Stake (PoS) consensus, which significantly reduced its energy consumption, and ongoing efforts to improve transaction speeds and lower fees.
And even now, a decade after the genesis block, the Ethereum network continues to grow and evolve, playing a pivotal role in the decentralized web and shaping the future of technology.
