Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: onusplatform on January 15, 2024, 12:12:09 PM
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1. Unveiling the Ethereum Whitepaper (2014)
In 2013, founder Vitalik Buterin unveiled the initial draft of the Ethereum whitepaper, granting exclusive access to a limited group of experts and developers. Feedback from these specialists played a crucial role in refining the official Ethereum whitepaper, which was eventually published in 2014.
2. Mining the Inaugural Ethereum Block (2015)
After over a year of meticulous development, the first block of the Ethereum network was successfully mined in June 2015. This marked a monumental moment in the history of cryptocurrencies, signifying the inception of the Ethereum blockchain as one of the foremost platforms in the industry.
3. Emergence of Ethereum Classic (2016)
May 2016 witnessed the establishment of Ethereum's decentralized autonomous organization (DAO), conducting a fundraising event totaling $150 million. The DAO aimed to leverage Ethereum's technology, enabling global investors to raise capital and participate in decision-making.
However, June 2016 brought a significant challenge as the project fell victim to a cyber attack. Exploiting vulnerabilities in smart contract code, hackers created a "child DAO" and siphoned off up to $60 million.
In response, the #DevelopmentTeam and the community opted for a hard fork to thwart the hacker and recover the stolen funds. This decision led to the Ethereum network splitting into two distinct entities – Ethereum and Ethereum Classic.
Source: Goonus.io
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