What is Ethereum coin and the history of Ethereum coin

 Ethereum is a decentralized, open- source blockchain platform that enables the creation and prosecution of smart contracts and decentralized operations( DApps). Vitalik Buterin came up with the idea for it in late 2013. They started working on it in early 2014, and the network officially began on July 30, 2015. Then is a brief history of Ethereum

generality( 2013) Vitalik Buterin, a programmer and cryptocurrency experimenter, conceptualized Ethereum in late 2013. His vision was to produce a platform that could go beyond the capabilities of Bitcoin, allowing inventors to make decentralized operations and smart contracts on a blockchain.

Crowdfunding( 2014) In 2014, Ethereum conducted one of the most successful original coin immolations( ICOs) in history, raising over$ 18 million. The ICO allowed early sympathizers to buy Ether( ETH), the native cryptocurrency of the Ethereum platform.

Development and Testing( 2014- 2015) The Ethereum development platoon, including Vitalik Buterin and other crucial numbers, worked on erecting the platform's structure. They conducted a series of testnets to identify and fix implicit issues before the mainnet launch.

Frontier Release( July 30, 2015) Ethereum's first live release, called" Frontier," went live on July 30, 2015. This marked the sanctioned launch of the Ethereum blockchain, allowing inventors to emplace smart contracts and decentralized operations.

DAO Incident( 2016) In 2016, Ethereum faced a significant challenge when a decentralized independent association( DAO) erected on the platform suffered a critical security vulnerability. Exploiting this vulnerability, an bushwhacker drained a significant portion of the DAO's finances. To address the issue and help farther exploitation, the Ethereum community decided to apply a hard chopstick, leading to the creation of Ethereum( ETH) and Ethereum Classic( ETC) as two separate blockchains.

Homestead( 2016) The Homestead upgrade was enforced in March 2016, perfecting the stability and security of the Ethereum platform.

megalopolis( Byzantium and Constantinople) Upgrades( 2017- 2019) The Metropolis upgrade was rolled out in two phases Byzantium in October 2017 and Constantinople in February 2019. These upgrades aimed to enhance Ethereum's scalability, security, and sequestration features.

Serenity( Ethereum2.0) Development( 2018-present) Ethereum has been working on a significant upgrade known as Ethereum2.0 or Serenity. This upgrade aims to transition the network from a evidence- of- work( PoW) to a evidence- of- stake( PoS) agreement medium, ameliorate scalability, and address other issues. The transition to Ethereum2.0 is amulti-phase process, with the first phase, known as Phase 0, launching the Beacon Chain in December 2020.

Ethereum continues to evolve, and its impact on the blockchain and cryptocurrency space has been profound, serving as a foundation for the development of colorful decentralized operations and systems.