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Eth facts & stats

4 sourced facts about Ethereum, the cryptocurrency and blockchain platform, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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The basics

Ether (ETH) has long ranked where among all cryptocurrencies by market capitalization?

Answer2nd largest

Ether has ranked as the 2nd-largest cryptocurrency by market cap behind Bitcoin since at least 2018.

Source: Wikipedia (Ethereum) (2021) en.wikipedia.org

Going deeper

In September 2022, Ethereum's 'Merge' switched its consensus system from proof-of-work to proof-of-stake. What did this do to its energy use?

Answercut it by over 99%

The Merge in September 2022 moved Ethereum to proof-of-stake, slashing its energy consumption by more than 99% almost overnight.

Source: Wikipedia (Ethereum) (2022) en.wikipedia.org

Expert level

How much ether was stolen in the June 2016 hack of The DAO?

Answer3.6 million ETH (about $50 million then)

Attackers drained 3.6 million ETH, about a third of The DAO's funds, worth roughly $50 million at the time — leading Ethereum to hard-fork in response.

Source: Wikipedia (The DAO) (2016) en.wikipedia.org

The term 'smart contract,' central to Ethereum, was coined by computer scientist Nick Szabo around what year — well before Ethereum existed?

Answeraround 1996

Nick Szabo coined 'smart contract' around 1996, nearly two decades before Ethereum's 2015 launch turned the idea into a working platform.

Source: Wikipedia (Smart contract) (2023) en.wikipedia.org

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