Ethereum 12 days of christmas Wirex

← Back to articles

On the 11th day of Christmas, Satoshi gave to me… Ethereum (ETH)!

December 22, 2017 8:30 am Published by

We’re getting down to the wire now, and we hope you’ve got your decorations and presents sorted for Christmas.

If you’ve joined the crypto scene this year and learned about Bitcoin – chances are you have also heard about Ethereum.

So, let’s take a look!

What is Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and much more, all without a middleman.

More facts about Ethereum:

  • Established Date: July 2015
  • Circulating Supply: 96,333,093
  • Total supply: Uncapped at present
  • Market cap: $69 Billion USD
  • Notable team members: – Vitalik Buterin, Founder

The Price

At the beginning of 2017, Ethereum started at $8.16 US dollars.

Today it’s around the $715 USD mark

That’s roughly an 8650 % increase in the year!


Ethereum price graph

Source: Coin Market Cap

Why the hype?

Ethereum was the first blockchain platform to offer decentralised smart contracts which are resistant to censorship, fraud or third-party interference.

You could say that Ethereum was the grandfather of Initial Coin Offerings, ICOs.

2017 was a huge year for launching new blockchain projects and it seemed as though the majority were on the Ethereum network. For investors to get involved in an ICO, they were first asked to send Ethereum to the wallets of the startup. And as you can imagine, with promises of ridiculous returns, potential investors would(and still) purchase Ether to get involved.

So should you buy some Ether to get involved with new projects? With anything, we urge you to do your own research first before jumping in.

Buy, Store & Spend Ethereum with Wirex

Our development team have added the integration of the Ethereum wallet onto the roadmap for Q2 2018. Soon you’ll be able to buy, store and spend Ether within the Wirex app (more about this shortly).

Whilst we are working on the development of the Ethereum wallet, you can still deposit Ether into your Bitcoin wallet (we’ve integrated with Shapeshift), making it ready to spend via your Wirex card.

It’s just a few taps away. If you’re new to Wirex, it’s free to sign up.

What are your thoughts on Ethereum? Yay or Nay? Check out our post on Ethereum vs Ethereum Classic for a deeper dive into the history of Ethereum.

Join the discussion in our community forum below.

Crypto in Canada

Canada is a significant player in the global cryptocurrency market. Although the UK and US are marginally ahead in the rankings for traditional blockchain adoption, Canada leads the way in Ethereum blockchain technology. This can be attributed in-part to Vitalik Buterin, the prodigious Russian-Canadian programmer who founded Ethereum. Buterin, energy and the crypto miners Buterin… View Article

The big EOS freeze

Less than 48hrs after its launch, the EOS blockchain froze. The cause of the freeze was resolved within a few hours of being reported. However, this momentary hiccough was sufficient to spark another emotional debate about security in the crypto arena. EOS blockchain was set up to rival Ethereum. It boasted BPs (block producers) to… View Article

A beginners guide to Litecoin

With over 1000 cryptocurrencies now available, there are plenty of options for those looking to diversify their holdings. One of the most popular altcoins is Litecoin. Here are the basic facts you should know about Litecoin. Litecoin is almost identical to Bitcoin Litecoin is a peer to peer cryptocurrency which works in pretty much the same way as… View Article

Is Litecoin set to outperform Bitcoin this year?

That’s the question many cryptocurrency investors and traders will no doubt be scratching their heads over as the market heats up this summer. Some say Bitcoin has already gone too far. Just one Bitcoin costs many thousands of dollars. Many feel they’ve missed the boat already. Litecoin has considerable potential as an everyday payment currency,… View Article