What is Ethereum? As reported, Ghozali Everyday, a student whose full name is Sultan Gustaf Al Ghozali, sells his selfies as NFTs on the OpenSea platform and sells well for Ether fees.
Ethereum is a blockchain platform that also has its own cryptocurrency. It is the community-built technology behind the cryptocurrency Ether (ETH) and the thousands of applications that can be used today.
The idea of Ethereum was first raised in 2013 by a programmer named Vitalik Buterin. Another figure listed as the founder of Ethereum is Gavin Wood. Charles Hoskinson, Anthony Dilorio and Joseph Lubin.
Ethereum was first publicly announced at the North American Bitcoin Conference in Miami in January 2014. Finally in 2015, Ethereum was launched to the public and slowly but surely reaping popularity.
In 2016, Ether became the cryptocurrency with the second largest market cap in the world, behind Bitcoin. The success of Ethereum also made its founder, Vitalik Buterin, rich.
In the middle of 2021, the man who is only 28 years old will become the youngest crypto billionaire in the world. At that time, Buterin was recorded to have 333,520 ETH worth USD 1.09 billion at an Ether price of USD 3,278.
But like other cryptocurrencies, Ether often fluctuates in price dynamically. Even Buterin once stated that cryptocurrencies are in a bubble. In general, a bubble can be interpreted as a condition in which a product or asset is priced higher than its fundamentals.
Ethereum and Ether themselves have a fair amount of support from big names. For example, investor and billionaire Mark Cuban said that for investment, Ethereum crypto could be an option.
“As an investment, I think Ethereum has the most returns,” Cuban said.