Crypto Tech, Cryptocurrency

Ethereum’s 5th Birthday

Ethereum has been out since 2015, and the beginning of the cryptocurrency is hard. Ethereum faced different kinds of proof-of-stake and delays, as well as growth and updates. Today, Ethereum is known as the second-largest cryptocurrency by market capitalization.

Five years ago, the said crypto project was launched to change the landscape of the crypto and blockchain space. Ethereum has made its way out of a huge number of planned changes and faced a number of delays.

Way back July 2015, Ethereum has been launched for its network inaugural framework, Frontier. In which the project started on July 30, which was initially the plan. By the following year of February, Ethereum becomes a significant player in the blockchain and industry of cryptocurrency. Ether (ETH) has then earned the title of being the second-largest cryptocurrency.

Throughout its a journey after the launch, it made four main stops on their development from Frontier, Homestead, Metropolis, and Serenity. In 2017, Ethereum moved to Metropolis to hit the network but in the latter part of September. Byzantium and Constantinople made an outcome on the event as hard forks.

On its last phase; Serenity or Ethereum 2.0 or ETH 2.0, has made its stance on the work. Serenity has been a result of multiple delays. Launching in January 2020, the industry still aims for network alteration in July. By August 4, 2020, it is designed that PoS, Ethereum 2.0, has completed its testing of networks.

Vitalik Buterin, the co-founder of Ethereum, mentioned that their team had underestimated the time the update would take and continue to standby for further updates.

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