Ethereum is an Open Source public Blockchain platform with smart contracts functionality. Its origins are as follows.

The Inspiration and Limitations of Bitcoin: In 2009, Bitcoin was born as a decentralized currency, greatly advancing the development of blockchain technology. However, Bitcoin is not perfect; for example, it has insufficient protocol scalability and primarily implemented transfer operations between users in its early days, making it difficult to meet people's demands for various decentralized and trusted services based on blockchain.
On July 30, 2015, the Ethereum project officially launched its first phase - the Frontier phase. This phase is essentially an experimental stage, primarily aimed at users who have an in-depth understanding of Ethereum's technical background. It utilizes a basic command-line interface and operates on a proof-of-work (PoW) consensus mechanism, with a reward of 5 Ether for each new block.

The emergence of Ethereum has made the widespread application of blockchain technology in non-financial fields possible, and it is regarded as a symbol of the blockchain 2.0 era, representing an important milestone in the history of blockchain technology development. As of November 2023, more than 4,000 projects have been built on Ethereum, over 96 million accounts are using Ether, and there are more than 53.3 million smart contracts on Ethereum. #ETH突破3600#