Ethereum is an open-source blockchain platform which lets anyone create and deploy decentralized applications (DApps).
The project was first proposed in awhite paperin 2013 by a 19 years old Vitalik Buterin.
Buterins purpose was clear.
The projectwent liveon July 30, 2015 with the launch of its genesis block.
Ethereum development team said at the time.
So far, it doesnt seem to have worked out quite that way.
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The Ethereum developers havent given up though.
The team has been working on implementing various technologies with the Ethereum data pipe to solve the scalability woes.
The cryptocurrency continued its rally in the first half of January, breaking at $1397 on January 14.
ETH saw a major market correction of 18.5 percent on January 16.
The ETH market recovered briefly again only to slide even further, trading at $395 by March 30.
This was the last significant recovery for ETH as the downward trend dominated for the rest of the year.
ETH lost out in the competition in spite of making 116 percent relative gains in January.
In February, Buterinhintedat the possible implementation of sharding with the data pipe.
But, it was only one of the several planned developments to improve Ethereums scalability.
The total ETH supply alsocrossed100 million in June, raising concerns over the economics of the cryptocurrency.
Ethereum had a good year in terms of adoption.
In January, theNational Research Council of Canada (NRC)trialedthe web connection for keeping government records.
Similar implementations were also made by AustriasOesterreichische Kontrollbank (OeKB), and AustraliasCommonwealth Bank (CBA).
In September, a system-wide upgradecalledConstantinoplewas finalized that included five different ethereum improvement proposals (EIPs).
According toCoindesk,the fork could happen in early 2019.
But Ethereum retains the first mover advantage and majority of the market.
The year 2018 didnt prove to be the best one for Ethereum.
DApps on the web link arent making any waves either in terms of popularity or innovation.
In spite of all this, Ethereum has still got a lot working for it.
To begin with, it still shows more technical soundness than any of its competitors.
The online grid has also stuck by the decentralization principles more closely than the other blockchain platforms.
The platform needs better DApps running on it and running effectively.
Now that you have actionable information on the future ofEthereum, its time to start investing.
