Reference page for Ethereum price and capitalization, with detailed charts, market analytics and social metrics. Ethereum in a nutshell:
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Ethereum is a world computer (of sorts) and could change how we interact, precisely like the internet did, 20 years ago.
A super quick intro into how it works is that, to have things transferred or executed by the network, you have to consume or "burn" Gas. The cryptocurrency is called Ether and is used to pay for computation time and transaction fees.
Despite the fact that it's based on blockchain just like Bitcoin, but Ethereum is a lot more than a currency:
- Transparent governance for communities
- Secure communications - authentication, messaging,
- Secure backbone for e-commerce and the Internet of Things
- Secure payments
- Integrated development environment for debugging, development and deployment of Ethereum applications
- Free software - all released under the General Public Licence (GPL)
It was crowdfunded during August 2014 by fans all around the world. It is developed and maintained by ETHDEV with contributions from great minds across the globe like Vitalik Buterin, Ethereum creator. There is also an Ethereum foundation, and multiple startups are working with the Ethereum blockchain.
Ethereum is currently on the "Metropolis " stage.
Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constantinople. Byzantium is occurring at block number 4.37mil. Constantinople does not currently have a release date but is expected in 2018.