
Ethereum uses the programming language Solidity for smart contract creation.Ī core part of Ethereum’s infrastructure is the Ethereum Virtual Machine (EVM), which handles internal state and network computation using the decentralized and international system of nodes. The Ethereum blockchain supports the creation and execution of robust smart contracts, a core differentiator between the Ethereum and Bitcoin blockchains - the two largest and most popular cryptocurrency platforms. From DAOs, to ICOs (ERC-20), to NFTs (ERC-721), to Ponzi schemes & games, to DEXs, and now to DeFi – it’s amazing to see new ideas sprout and take hold.” Technical fundamentals “Key to its ongoing success is the flexibility, creativity, and composability that Solidity allows. The first five years of Ethereum adoption has far surpassed Bitcoin’s initial pace of adoption, but it had a running start on the back of Bitcoin’s success,” said OKCoin COO Jason Lau. “It’s been fascinating to watch Ethereum grow in developer mindshare, use cases, and functionality.


A platform for creativity, Ethereum supports innovation and the creation of a wide array of decentralized applications (dApps). The Ethereum blockchain has enabled much of the development within the crypto space. With the upcoming Serenity upgrade, it looks like Ethereum is only going to get stronger. A look at Ethereum and its growth over the last five yearsįive years in on July 30th, Ethereum has seen incredible adoption and is an integral part of the crypto space.
