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Will Warren and Amir Bandeali began the development of the project in 2016, and on February 22, 2017, they released a white paper with the following abstract: [3] We describe a protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common ...
Ethereum-based permissioned blockchain variants are used and being investigated for various projects: In 2017, JPMorgan Chase proposed developing JPM Coin on a permissioned-variant of Ethereum blockchain dubbed "Quorum". [87] It is "designed to toe the line between private and public in the realm of shuffling derivatives and payments.
This explicitly linked a non-fungible, tradable blockchain marker to a work of art, via on-chain metadata (enabled by Namecoin). [26] In October 2015, the first NFT project, Etheria, was launched and demonstrated at DEVCON 1 in London, Ethereum's first developer conference, three months after the launch of the Ethereum blockchain. Most of ...
The concept of non-fungible digital assets that could be owned on a blockchain predated ERC-721, with projects like Colored Coins on Bitcoin in 2012. [7] In 2017, just prior to ERC-721’s publication, Larva Labs launched the CryptoPunks NFT project on Ethereum using ERC-20 (a fungible token standard).
The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain. [2] The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic. [2] Ethereum Classic's native Ether token is a cryptocurrency traded on digital currency exchanges under the currency code ETC. [3]
Polygon (formerly Matic Network) is a blockchain platform which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain. Polygon's native token is POL, an ERC-20 token which allows for compatibility with other Ethereum ...
Solidity is the primary programming language for developing smart contracts on the Ethereum Virtual Machine (EVM). [32] However, Rust has emerged as a strong alternative in the blockchain ecosystem, especially for blockchains that support WebAssembly (Wasm), such as Polkadot, Klever and Solana.
Uniswap was created on November 2, 2018 [2] by Hayden Adams, [3] a former mechanical engineer at Siemens. [1] Adams is the founder and CEO of Uniswap Labs, the company responsible for the development of the Uniswap Protocol, a decentralized exchange (DEX) built on the Ethereum blockchain. [4]