Cardano aims to solve many of the scalability and sustainability issues faced by earlier blockchains. This article delves into Cardano's unique proof-of-stake consensus mechanism, its approach to smart contracts, and why it is considered a third-generation blockchain.
Since its launch in 2015, Ethereum has emerged as a powerhouse in the cryptocurrency space, pioneering a range of innovations from Initial Coin Offerings (ICOs) to the expansive world of Decentralized Finance (DeFi). This article explores Ethereum's transformative journey and its impact on the broader blockchain ecosystem.
Checklist:
- Launch of Ethereum and its founding vision
- The rise and fall of ICOs
- The development of smart contracts
- The emergence and growth of DeFi
- Ethereum 2.0 and its future implications
The Birth of Ethereum and Its Founding Vision
Ethereum was conceptualized by Vitalik Buterin, a young programmer, who saw the potential for blockchain technology to do more than just support a digital currency like Bitcoin. Launched in 2015, Ethereum introduced a groundbreaking platform that allows developers to build and deploy decentralized applications (DApps) using smart contracts. This vision was rooted in the idea of creating a "world computer" that could decentralize the internet.
