2013
Vitalik Buterin wrote the Ethereum white paper in about two weeks while staying in San Francisco.
“And so he writes the white paper in two weeks.”
Topic
Ethereum
20 facts from 3 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2013
On November 27, 2013, Vitalik Buterin emailed the first draft of the Ethereum white paper to a small group for feedback.
“He's done his draft of the first draft of the Ethereum white paper. He emails it out to a very small group of people that he knows from the crypto community to ask for their feedback.”
2013
Gavin Wood made the first commit to Ethereum's GitHub repository on Christmas Eve 2013.
“Gavin makes the first commit to Ethereum's GitHub on Christmas Eve 2013.”
2014
Vitalik Buterin presented and announced Ethereum at the Miami Bitcoin conference on Sunday, January 26, 2014.
“Finally, presentation happens at 930 a.m. in the morning on Sunday. I think that was maybe the last day of the conference or something. January 26th.”
2014
The Ethereum founders retained Joseph Grundfest, a former SEC commissioner from the Reagan administration, to advise on whether Ether was a security.
“a guy named Joseph Grundfest, who was SEC commissioner in the Reagan administration.”
2014
A U.S. securities law firm wrote an opinion letter saying Ether was a commodity rather than a security, which cleared the way for a token crowd sale.
“we are of the opinion that Ether is not a security. It's a commodity.”
2014
Ethereum's crowd sale of Ether began on July 22, 2014 and sold $2.2 million worth in its first 12 hours.
“They sell $2.2 million worth of Ether in the first 12 hours.”
2014
Ethereum's 2014 crowd sale sold 60 million Ether for 18.3 million US dollars, more than any earlier crypto crowd sale.
“By the end of it, they sell a total of 60 million Ether for 18.3 million USD, which was way more than any other crypto crowd sale in history to that point.”
2015
Ethereum released its first phase, called Frontier, on July 30, 2015, opening the network to the public.
“July 30th, actually, 2015, middle of 2015, the team finally releases the first of the planned five phases of Ethereum.”
2015
Augur, a decentralized prediction market, raised $5.3 million in the first token offering on Ethereum after its public launch.
“Augur, which is a decentralized prediction and betting market, raises $5.3 million USD in a token offering of the Augur tokens that is built on top of Ethereum.”
2016
Cornell researchers warned that the planned soft fork would expose Ethereum to denial of service attacks, so it was called off in favor of a hard fork.
“And then a group of researchers at Cornell led by Professor Eamon Gunn-Sryer figures out that if they were to do this the way they were going to do it”
2017
In 2017 there were 966 initial coin offerings on Ethereum that collectively raised over $10 billion, according to the hosts.
“Well, 2017, there are 966 ICOs that collectively raise over $10 billion.”
2018
Ether fell from a peak above $1,350 at the start of 2018 to about $84 by December 2018 as the ICO bubble deflated.
“when the ICO bubble deflated at the end of the year in December, Ether had crashed to $84 a token”
2021
The hosts say Visa can process about 50,000 transactions per second at peak, versus 15 to 45 for Ethereum.
“For comparison purposes, the Visa network can, at peak load, process about 50,000, 50,000 transactions per second.”
2021
At the peak of the DeFi boom, Ethereum gas fees rose above $70 to execute a single transaction, according to the hosts.
“It spikes up over $70 just to execute one transaction.”
2021
The value of collateral in decentralized finance reached about $100 billion in May 2021, up from about $1 billion at the start of 2020.
“In May of 2021, last month, it hit $100 billion USD equivalent.”
Undated
Yakovenko says Ethereum's throughput, depending on gas limits and operation complexity, is measured between about 11 and 65 transactions per second.
“Some measurements go as low as 11, some go as high as 65.”
Undated
Yakovenko says Uniswap handles about 100,000 to 200,000 transactions per day, a large share of Ethereum's total capacity.
“Uniswap does about 100,000 to 200,000 transactions per day. So right there, that's a huge portion of the capacity of the whole Ethereum network.”
Undated
Yakovenko says Ethereum processed about 1.6 million transactions per day when fees exceeded $40, and about 1.2 million when fees fell below a dollar.
“I think when we were seeing fees over 40 bucks a transaction, Ethereum was doing 1.6 million transactions per day.”
Undated
Gonzalez found that Ethereum gas fees made his small ETH stake impractical to use in DeFi.
“I quickly realized I couldn't do anything with my ETH because the gas fees would destroy it.”
Episodes