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History
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Status
Ethereum was initially described in a white paper by Russian canadian Vitalik Buterin, a programmer and writer involved with Bitcoin, in late 2013 with a goal of building decentralized applications. As opposed to other bitcoin inspired projects, Ethereum created its own blockchain to provide greater development flexibility by inclusion of a Turing complete programming language. Ethereum's live blockchain was launched on 30 July 2015.
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Milestones of the Ethereum development roadmap
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The original development roadmap laid out before Ethereum went live specified the following milestones:
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While still valid, the substance behind it has changed somewhat. The Olympic testnet phase (before the Frontier release) saw alot of major improvements, followed by Frontier which was launched immediately after. Homestead marks the exit from a beta product to a stable release. Homestead is introduced automatically at block number 1,150,000 which should occur roughly around March 14th, 2016, Pi Day.
Web3
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Many have come to believe that an open, trustless blockchain platform like Ethereum is perfectly suited to serve as the shared “back end” to a decentralized, secure internet - Web 3.0. An internet where core services like DNS and digital identity are decentralized, and where individuals can engage in economic interactions with each other.
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Ethereum vs Bitcoin
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First of all, it is a non sense to call Ethereum the Bitcoin rival. If both are crypto currencies built on blockchains, Ether will be used more as a mean of exchange as it is at the heart of the smart contract system. Bitcoin can thus be viewed more as a store of value.
Bitcoin is a digital currency which was originally created as an alternative monetary system. On the other hand, Ethereum is created as a blockchain 2.0 platform that can be used to create and execute smart contract applications over blockchain. Bitcoin platform’s crypto token is called bitcoin (which can get confusing) and Ether is the crypto token used on Ethereum platform.
Ethereum is essentially Bitcoin with a Turing-complete scripting language. A Turing complete code means that given enough computing power and enough time. Ethereum has its own Turing complete internal code, when Bitcoin has not this form of flexibility
Ethereum at a glance
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If you want to quickly list websites with ethereum related information, please visit cyber fund. Cyber fund is a collection of Verified and machine readable blockchain metadata.
Phishing sites
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Listed below are known sites that are phishing sites.
- www.myetherwallet.info instead of www.myetherwallet.com [Original site].
- www.ethcore.info instead of www.ethcore.io [Original site].
See also
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- Ethereum official documentation
- Ethereum forum
- Ethereum blog: what is Ethereum project
- Ethereum reddit page
- Dapps: what web 3.0 looks like, by Gavin Wood
- Consencys: about web 3
- Satoshi Nakamoto bite coin white paper