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Fintech and cryptocurrency organizations are both in their infancy, and some are now celebrating double-digit anniversaries. Ethereum cryptocurrency was launched on July 30, 2015, and is now 10 years old.
Ethereum’s co-founder is Vitalik Buterin. His family moved from Russia to Canada in 2000 when he was six years old. His strength in math and computers enabled him to understand Bitcoin at a young age. Vitalik recognized that Bitcoin offered revolutionary finance advancements, but that it was technologically unable to manage more dynamic and complex applications. Creating Ethereum was his response to that observation.
Bitcoin celebrated its 10th anniversary in 2019, and in that year, its value went from about $3550 to about $7000. Ironically, Ethereum is currently trading around $3540. Since 2019, Bitcoin has grown in value to around $114,600.
Ethererum, also known as Ether or its ticker symbol, ETH. AGREEN1 has been covering Ethereum for at least 4 years. Use the AGREEN1 search bar to find more Ethereum news. Over the years, it was not clear how the global financial industry would utilize the decentralized nature of cryptocurrency.
The US financial markets are finding value in crypto and blockchain’s lower costs, improved settlement times, transparency of ownership, and increased accessibility for retail investors, amongst other things. According to BlackRock’s CEO, Larry Fink, the tokenization of every financial asset is needed in the technological revolution in the financial markets. And Ethereum is the leader in tokenization right now.
