V from God to an Ethernet Square - a brief history of the development of Ethernet Square

Square appeared Ethernet, so that people know from Bitcoin leap to the block chain itself. MakeBlock chain technology could become widely used in the non-financial sector, at the same time, the chain is also considered a sign of the times 2.0 blocks, block chain technology is an important milestone in the history.

Ethernet Square of the story, from the era of talking about Bitcoin.

God has a genius-level program ape, his name is Vitalik Buterin, 3-year-old is reported that he began to write the code, and you even at the age of 3 are 1 + 1 do not understand, do not be discouraged ∪︿∪, which is God common species and species differences, but most are ordinary kind in the world.

2013, 19-year-old Vitalik Buterin, Bitcoin is a community of programmers when Bitcoins need a scripting language for application development, but did not get their consent had Bitcoin core developers claim, he the new platform proposal to develop a more general scripting language. (Is not arrogant ● ▂ ●)

Then, he gave a friend who issued a white paper, the proposed design of a new Bitcoin. The new bitcoins will be based on general-purpose programming language that can be used to create a wide variety of applications, such as social, trade, game ...... (God seed about to break out, open a new chapter in the history since then)

Vitalik sent to 15 people, which have been issued to 15 individuals and their friends. A mass ten, hundred, Vitalik idea soon raged in the Bitcoin community.

Vitalik thought their ideas there are still many loopholes, and who think that there has been well received. Many people actually excited for this avant-garde idea to not own, personally came to the door and hope Vitalik work together. (On the important ⊙ senior circle of friends △ ⊙)

That time of Vitalik, just won $ 100,000 Thiel Fellowship 2 (Paypal founder Peter Thiel Silicon Valley investment chiefs to encourage young entrepreneurs under the age of 20 scholarships). This money has not been warmed by, Vitalik was to develop a decentralized, internet-based computing block chain technique, called the ether Square (Etherum).

Since then, Square, Ethernet was born, and soon became Vitalik V God and enjoy all the block chain developer worship.

Let's look at a brief history of Ethernet Square so that small V becomes V God.

2013, Vitalik Square design Ethernet protocol architecture.

January 25, 2014, in North Miami Bitcoin conference held on, Vitalik Square announced the ether concept. At the same time, he announced a collaboration with Dr. Gavin Wood and Jeffrey Wilcke, who is now considered the main core developer.

April 2014, Vitalik Square Beige Book released Ethernet, Ethernet Square sign system prototyping is complete.

In 2014, Ethernet Square team to get development funds, in exchange for a public fund-raising through the ether currency Bitcoin way, which became the rage of the wind ICO (Initial Coin Offering) . Place the end of July Ethernet 42-day pre-end Ethernet currency. A total raised 31,529.36369551 Bitcoin, sold a total of 60,102,216 Ethernet currency was worth $ 18,439,086. First of all sale proceeds used to repay debt increasing law, developers are trying to return since a few months, as well as the continued development of Ethernet-funded Square.

November 2014, Ethernet Square developer held Devcon-0 events in Berlin, aims to bring together Ethernet Square developers from around the world to discuss various technical topics Ethernet Square. We see in this event the presentation has some Ethernet Square more reliable, secure and scalable program.

April 2015, ÐΞVgrants planned to provide funding for all contributions to the Ethernet and Ethernet-based platform Square Square project is located. Developers designed to reward and support have contributed to the Ethernet Square.

July 2015, Frontier released, developers start writing smart contract and decentralized applications to be deployed on an Ethernet network in real time Square. This is the first milestone Ethernet Square project, is a very successful test network, developers began immediately propose solutions to improve the Square Ethernet system.

November 2015, Devcon-1 was held in London, there are more than one hundred speakers, attracted more than four hundred participants. The meeting etheric Square, the real benefit is that UBS, IBM and Microsoft and other large companies attended the meeting. Is a block chain technology into the mainstream of the moment, the Ethernet Square represents the block chain cutting-edge technology.

July 30, 2015, the ether chain in the public square to start. The original version is called Ethernet Square Border (Frontier, there are also "forward" means), with a workload of proof (proof-of-work) algorithm , but the future is expected to be converted into equity proof (Proof-of-Stake) . At this point Ethernet Square is not yet mature, but can carry out basic mining, learning and testing. After the system is running, attracting more people to follow and participate in the development in the past, Ethernet Square as an application platform, the need for more people to develop their own decentralized applications to realize the value of the Ethernet Square itself. With the popularity are rising, the value of the Ethernet Square have gone up.

March 2016, Ethernet Square homestead release, Square is an improvement over an Ethernet network.

May 2016, The DAO project to raise $ 150 million in a record-breaking 28-day global crowdfunding, in which case the Ethernet Square was a lot of media coverage.

June 2016, hackers launched attacks against The DAO smart contract several vulnerabilities . Community caused heated debate.

July 2016, from last month to attack hard bifurcation program announcement, more than 85% of the force support hard count bifurcation, bifurcation hard Square Ethernet successful, the network is separated into two different groups: Square Ethernet (ETH) and Ethernet Square classic (ETC).

February 2017, the enterprise Ethernet Square Alliance announced, Microsoft and other major banks and technology alliance to promote Ethernet Square block chain technology.

May 2017, after the first enterprise Ethernet Square Alliance announced four months, has introduced two leagues, many new customers and well-known companies also joined them.

May 19, 2017 Place Ethernet prices topped $ 100 mark.

October 16, 2017 "Metropolis Part 1: Byzantium" Ethernet Square platform Byzantine consensus first part of the launch.

January 14, 2018 encryption currency valuation has reached a peak Ethernet coins priced at $ 1,418, the daily trading volume of nearly $ 10 billion, while market capitalization of $ 135 billion.

April 6, 2018 currency encryption overall downturn, an Ethernet currency price less than $ 400.

Core Developers Conference held December 7, 2018, the Ethernet Square development team members agreed on the activation of Constantinople hard time bifurcation.

March 14, 2016, a second Ethernet Square bifurcation, released the first official stable version, known as the "home" (Homestead), 100% use of PoW mining, but in order to prevent in the future the miners boycott Ethernet Square PoS transition from PoW to upgrade the difficulty in mining design deliberately introduced bomb difficulty (difficulty bomb).

2019, plans to implement Ethernet Square Constantinople hard bifurcation unanimously agree that this is a stimulus Ethernet network Square bomb change the code of its core algorithm mechanism of consensus. Once the bomb exploded, Ethernet Square will enter the ice age. After the Ethernet network to create a square block of difficulty will continue to increase, making the declining block rate, eventually slowed to complete stop. Thus forcing the urge to convert Pos consensus.
When Ethernet Square upgrade to version Serenity, PoS will finish running Ethernet Square, the Square Ethernet attributed to quiet, to have a good speed of transactions, it is the last milestone.

Intelligent contract concept is not new, but in 1994 first proposed by Nick Szabo. Intelligent contract is a way to disseminate information to verify the execution of the contract or agreement of the computer. Intelligent contracts allow credible third party transaction in the absence of circumstances, and these transactions traceable and irreversible. Advanced concept at the time failed to achieve systematic, block chain technology let you see the hope, the introduction of intelligent Ethernet Square contract, economic activity programmability and erase financial intermediaries.
Square ether derivative of Token economy, the block chain technology transfer from the era of digital currency only entered the era of smart contract.

Above excerpt layman block chain websites Ethernet Knowledge Square

V from God to an Ethernet Square - a brief history of the development of Ethernet Square

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