# What is Ethereum
Ethereum is an open-source, public blockchain like Bitcoin.


![DCDC39E8B8C44B93B079E622F6F53F81.jpeg](https://i.imgur.com/gfuRqc7.jpg)
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## Founders
Ethereum was first proposed by Vitalik Buterin in late 2013. There have been a number of initial contributors, with many sources citing Buterin, Anthony Di Lorio, Charles Hoskinson, Mihai Alisie, & Amir Chetrit as the “initial 5”. Soon thereafter, Joseph Lubin, Gavin Wood, & Jeffrey Wilke were added as founders in early 2014.

 ## Ethereum very different from Bitcoin
Ethereum differs from Bitcoin by adding four technologies which are key to it’s mission. These are Turing-completeness, Value-Identification, State and Time-Awareness.

## These are best explained here:
>•Turing-completeness– The inability to incorporate looping (among other features). Value-Identification– The inability to incorporate oracles
State – The lack of multi-stage contracts or scripts which keep information beyond simply  “spent” or “unspent”. Time-Awareness – The inability to include nonce, timestamps and previous block hashes
[source](https://ethereumprice.org/guides/article/what-is-ethereum/)

## Richer Ecosystem then Bitcoin
While Ethereum has provided a foundation for a much richer ecosystem then Bitcoin or Litecoin. Software innovations like decentralized applications (dApps), programmable fungible/non-fungible tokens (ERC20 & ERC721) and human-readable addresses (Ethereum Name Service) .

## Scaleability, Scaleability, Where art thou? 
However Ethereum 1.0 suffers from a lack of scalable with regard to transactions. Let me be clear :Ethereum experiences significant congestion during peak use due to its current throughput limit of roughly 20 transactions per second.
In order to be competitive in the traditional world of finance Ethereum will need to scale to millions of transactions per hour rather than per day. But the good news is that Ethereum will soon upgrade to ETH 2.0 (aka Serenity) and those scaling benchmarks are achievable because of innovations like sharding and transformation of Ethereum from Proof of Work to Proof of Stake.

## Ethereum is a blockchain of Firsts

#Ethereum is by most reports the blockchain with the highest number of daily transactions.
#Ethereum is by most reports the blockchain with the largest number of decentralized applications or dApps. 
#Ethereum is by most reports the blockchain with the largest  decentralized exchange application in the world Uniswap.
###Ethereum is by most reports he blockchain with the largest amount of deposited USD in finance applications at over 11 billion USD. 

#Ethereum is believed to be the first Blockchain  2.0 project to deploy Smart Contracts

#Ethereum is believed to be the first Blockchain to deploy NFT Tokens like ERC 20 tokens for Cross-Chain trading.

## Ethereum Seconds
#Ethereum is the second largest cryptocurrency coin project in the world, by market cap, being second to Bitcoin.


##Ethereum thirds
#Ethereum was the #3rd cryptocurrency coin project made in the world, coming along after Bitcoin and Litecoin.

## Ethereum is I believe the present and future of decentralized finance for the following reasons.

#### Ethereum is currently the undisputed number one blockchain for the newest form of investment finance DeFi or Decentralized finance. 
This area is the fastest growing segment of the financial world with investment in this sector growing from several billion in 2019 to several billion in 2020. A historical and unprecedented 1000 fold increase in business transactions and USD deposits. This phenomenon has no historical equal.

#### Decentralized Finance is I believe the next big thing in finance and technology.
It is clear from the sheer volume of print, television, internet and social media advertisements that decentralized finance and the block chain are going to have a bigger impact on the world then the internet. I make that statement confidently because the blockchain is currently recognized by hundreds of countries, institutions of higher learning and large financial businesses as the technology of the future for finance and it has several other non-financial applications too.

##### Ethereum is the leader in decentralized finance and its infrastructure NFT's , ERC tokens, decentralized exchanges, liquidity provision and  yield farming.
It has an amazing majority market share of this industry growing at 1000x increases in the last year, with clear evidence of intense developer activity to address transaction speed, transaction volume and transaction costs. The current efficiency of scale issues for the Ethereum blockchain.

#### Ethereum 2.0 POS and Validation Nodes
The excitement of Ethereum 2.0 is amazing both to cryptocurrency traders, exchange managers and software developers.
The traditional division between proof of work coins with miners validating blocks and the Proof of Stake chains with nodes validating blocks has been a historical dichotomy, but with the advent of Ethereum 2.0 Ethereum raises the bar again and creates new standards for others to aspire to.

## True decentralized distributed network. 

Ethereum 2.0 will introduce not only a proof of stake mechanism familiar to cryptocurrency advocates and coders, but will also usher in a new age where expensive computers are not necessary to run a node and be a validator of transactions. Laptops and powerful smartphones will be able to run validator nodes and Ethereum, once plagued by defat centralization due to the cost and complexity of mining computers raises the possibility of true distributive de centralization around the world with it's corresponding wide distribution of wealth, which could change the world based on the value of ethereum .

### Ethereum, the future of decentralized distributed blockchain and decentralized finance. 

@shortsegments


![6984C8DD6A5A45DFA617D8B81C61EA7E.jpeg](https://i.imgur.com/hQYjIns.jpg)![10CADBD207F64427874290D76A4933E6.jpeg](https://i.imgur.com/Mt6wdMH.jpg)


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