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Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Terms under which this service is provided to you. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.
Development was funded by an online crowdsale that took place between July and August 2014. I suppose it was the fact that sounded nice and it had the word ‘ether’, referring to the hypothetical invisible medium that permeates the universe and allows light to travel. Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications. At the time of public announcement in January 2014, the core Ethereum team was Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson. Several codenamed prototypes of the Ethereum platform were developed by the Foundation, as part of their Proof-of-Concept series, prior to the official launch of the Frontier network. Olympic” was the last of these prototypes, and public beta pre-release. Homestead” was the first to be considered stable.