πŸ“–
Web3 Encyclopedia
  • Welcome aboard!
  • Source
  • πŸ˜€Evolution from Web 1.0 to Web 3.0
    • Web 1.0 Web 2.0 Web 3.0
    • Key Features
    • Current Limitations
    • Future of Web 3.0
    • Learn: What Is Web3?
    • Learn: Will Every Brand Have a Web3 Strategy?
    • Learn: Big Ideas in 2023
    • Learn: The Web3 Paradox: Why Scaling Usage Alone Won't Lead to Mass Adoption?
    • Learn: Is Web3 A Marketing Buzz or Tech Revolution?
    • Learn: What is the relationship between blockchain and Web3?
    • Learn:Empowering Women in Web 3.0: The Role and Contributions of Women in Blockchain, DeFi, and dApp
    • Learn: Web 3.0 and the Future of E-Commerce
    • Learn: 12 ways ecosystem projects can attract more developers
    • Learn: How Web3 is Impacting Education?
    • Learn: Web3 And The Future Of Digital Advertising
    • Learn: Web3’s impact on personalization, trust and engagement
    • Learn: Web3-Powered Identity Management -- Unlocking the Benefits of Decentralization
    • Learn: Why Web2 companies fail in Web3 while others made it?
    • Learn: To Identify or Not in a Web3 World?
    • 🀫[Insider Series] McKinsey x Web3
    • TL;DR πŸ‘€
  • πŸ’²Blockchain Fundamentals
    • Why is Blockchain So Popular?
    • Introduction to Blockchain
    • Blockchain Misconceptions
    • Blockchain vs Bitcoin, Database, Cloud
    • Consensus Mechanism
    • Public and Private Keys
    • Hash Functions and Cryptography
    • Sharding
    • Types of Blockchains: PoW, PoS and Private
    • Understanding Cryptocurrency
    • Coins vs Tokens
    • Blockchain Trilemma
    • Legality
    • Learn : Google’s Cloud Based Blockchain Node Service
    • Learn: How Blockchain, Digital assets, and Web3 Unlock Financial Inclusion Globally
    • Learn: Will Chinese-Made Crypto Soar Higher?
    • Learn: What Does MiCA Mean for Crypto in Europe?
    • Learn: Unraveling the Intricacies of Blockchain Forensics and Asset Tracking
    • Learn: Promising blockchain use cases in healthcare industry
    • Learn: The Role of Blockchain in Authenticating and Provenance Art
    • Learn: Blockchain-Based Digital Identity: Benefits, Risks, and Implementation Challenges
    • Learn: The Future of Energy Supply Chains
    • Learn: Revolutionizing smart contracts and cryptocurrency
    • Learn: Nigeria goes blockchain
    • Learn: A Game Changer for Online Gaming?
    • Learn: Is blockchain technology ready for high-storage applications?
    • Learn: Will Blockchain Technology Mark a Turning Point in Fraud Prevention?
    • Learn: Why ZK-rollups need data availability?
    • Learn: How will generative AI disrupt blockchain?
    • Learn: A New Blockchain for Generative AI?
    • TL;DR πŸ‘€
  • 🏟️Web3 Utilities
    • Decentralized Applications (dApps)
    • Cross-chain Bridges
    • DAO
    • Artificial Intelligence
    • Learn: Is Community-building Essential for Web3 Startups?
    • Learn: β€˜Decentralization Theater’
    • Learn: Crypto and AI- A yay or nay combination?
    • Learn: Dissecting the DAO
    • Learn: What is motivating Lido DAO to rise?
    • Learn: How to Turn Your Community Into a DAO?
    • Learn: The Key to Decentralized Decision Making
    • Learn: How Web 3.0 can disrupt the supply chain industry?
    • TL;DR πŸ‘€
  • πŸͺ™Bitcoin
    • What is Bitcoin
    • Bitcoin's Blockchain Technology
    • UTXO Model and Transaction Fees
    • Bitcoin Mining and Mempool
    • Learn: What is bitcoin mining?
    • What are Hard Forks and Soft Forks
    • What is SegWit and the Lightning Network
    • Bitcoin Ecosystem
    • Can Bitcoin be Destroyed? Game Theory and Network Attacks
    • Learn: Crypto token supplies explained
    • Learn: What is crypto tax-loss harvesting, and how does it work?
    • Learn: Can Crypto Go Green? How to Invest in Eco-Friendly Cryptocurrencies
    • Learn: Why Did FTX Collapse? Here’s What to Know.
    • Learn: How Sam Bankman-Fried swindled $8 billion in customer money?
    • Learn: How much is Bitcoin worth today?
    • Learn: The Costs of Running a Bitcoin Node In Nigeria
    • Learn: Has 2022 Left Any Crypto Positives?
    • Learn: How Crypto Exchanges Can Be Free of Risk?
    • Learn: Greed, Lies and FTX: Is Crypto a Force for Good or Evil?
    • Learn: Is Crypto a Cultural Movement?
    • Learn: What are the consequences of crypto’s ongoing regulatory process?
    • Learn: Beyond the Crash and Embracing NFTs?
    • Learn: Understanding crypto bag holders and their mindset
    • Learn: Inscriptions: Just A Fad, Or A Real Threat To Bitcoin Becoming Decentralized Money?
    • Learn: How Bitcoin Ordinals Can Change the Future Of Mining?
    • Learn: What is a supernet?
    • Learn: Bitcoin Miners Celebrate 10 Years Since First ASIC, What Changed Since Then?
    • Learn: Bill Vs. CBDC – Why This US Congressman Wants To Block The Fed From Issuing A Digital Dollar?
    • Learn: Why Bitcoin Will Blow People’s Minds In 2025?
    • Learn: How the Howey Test Sheds Light on Cryptocurrency's Regulatory Gray Area
    • Learn: Cryptocurrency vs AI: A Complex Debate
    • Learn: Where the U.S. Government Went Wrong in Regulating Crypto?
    • Learn: The Nostr Privacy Paradox
    • Learn: Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
    • Learn: Is Bitcoin Set To Revolutionize The Financial World With Its Superior Purchasing Power?
    • Learn: What is Shibarium, and what does it mean for Shiba Inu?
    • Learn: What is a crypto dusting attack?
    • Learn: Is the Adoption of Central Bank Digital Currencies (CBDCs) the Future?
    • Learn: How Artificial Intelligence Could Revolutionize Crypto?
    • Learn: What’s next for EU’s crypto industry as European Parliament passes MiCA?
    • Learn: Why the EU Has MiCA and the U.S. Has Securities Law Confusion?
    • Learn: Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
    • Learn: Who on Crypto Twitter chose not to pay for a blue checkmark?
    • Learn: What is the wash-sale rule in Crypto?
    • Learn: What is Pepecoin and can it flip memecoins Dogecoin and Shiba Inu?
    • Learn: Can you recover stolen Bitcoin from crypto scams?
    • Learn: What the β€˜anti-mining bill’ means for the crypto industry in Texas?
    • Learn: Does the US have a crypto β€˜tax loophole’ problem?
    • Learn: How users can stay protected?
    • Learn: How Crypto Revolutionize Cheaper and Faster Transactions?
    • Learn: Can NFTs and CFDs be BFFs?
    • Learn: A PR expert’s tips for memecoin projects
    • Learn: Why politicians aren't convinced about the Digital Euro?
    • Learn: How A 90-Year Old TA Theory Predicted The Sudden Bitcoin Boom?
    • Learn: Social Trading Platforms and CFDs: A New Paradigm in Investment
    • Learn: How could the Chinese economic crisis impact Bitcoin and crypto?
    • Learn: How do they compare: Bitcoin IRA vs. traditional IRA?
    • Learn: Why Tokenized Assets Are Safer During a Banking Crisis?
    • TL;DR πŸ‘€
  • πŸ›’οΈEthereum
    • Bitcoin vs Ethereum
    • What can Ethereum do?
    • What is Ether (ETH)?
    • What's Unique About ETH?
    • What are Smart Contracts?
    • Energy Consumption?
    • Ethereum Virtual Machine (EVM)
    • Pros & Cons of Smart Contracts
    • Decentralized Applications (dApps)
    • Ethereum Token Standards (ERC-20, ERC-721 and ERC-1155)
    • Evolution of Ethereum
    • How to Get Your First Ethereum
    • Learn: Next Ethereum Upgrade β€” Shanghai Upgrade
    • Learn: Tipping Scale for Crypto Adoption: Usability vs. Accessibility
    • Learn: Major Publicly Traded U.S. Bitcoin Miner Files For Chapter 11 – Impact On The Market?
    • Learn: 5 altcoin projects that made a real difference in 2022
    • Learn: How Tether Can Be a More Stable Stablecoin?
    • Learn: Are the Ethereum Killers Still Deadly?
    • Learn: What Ethereum Tech Trends Are Weathering the Bear Market?
    • Learn: How Ethereum’s token burns are making it a deflationary cryptocurrency?
    • Learn: A few things to know about Ethereum's Shanghai Upgrade
    • Learn: The Role of Enterprise Ethereum
    • Learn: Understanding Layer 2 Scaling Solutions for the Ethereum Network
    • Learn: The Battle of Giants: Bitcoin vs Ethereum
    • Learn: Cryptography, Smart Contracts and Distributed Networks
    • Learn: The Memecoin Grift and How It Threatens Ethereum Culture
    • Learn: What Is Ethereum’s β€˜Data Availability' Problem, and Why Does It Matter?
    • TL;DR πŸ‘€
  • πŸ‘›Wallet
    • What is a Blockchain Wallet?
    • Hardware / Software Wallet
    • How to Get Your First Cryptocurrency
    • Setting up Metamask Wallet
    • Learn: How to connect the Avalanche network to MetaMask?
    • Learn: How to pass on your crypto when you die?
    • Learn: What are hierarchical deterministic (HD) crypto wallets?
    • Learn: Pros and Cons of Digital Wallets
    • Learn : How Web 3.0 Wallets Are Redefining Digital Asset Security?
    • Learn: Open source: Buzzword or real security for crypto wallets?
    • TL;DR πŸ‘€
  • πŸŒ•New & Rising Protocols
    • Binance
    • NEAR
    • Solana
    • Fantom
    • Polygon
    • Cardano
    • Polkadot
    • Cosmos
    • Harmony
    • Cronos
    • Optimism
    • Terra
    • Who Will Win the L1 Wars?
    • Learn: New Layer 1 Blockchains Are Expanding the DeFi Ecosystem But No Eth Killers Yet
    • Learn: Is an Increased Focus on Layer-2 Scaling and ZK Technology Justified?
    • Learn: What Are the Stakes in the SEC vs. Ripple Case?
    • Learn: What is The Graph, and how does it work?
    • TL;DR πŸ‘€
  • πŸ“ˆDecentralized Finance (DeFi)
    • CEX vs DEX
    • CeFi vs DeFi
    • Algorithmic Stablecoins
    • Airdrop
    • Liquidity Pool
    • Impermanent Loss
    • Swapping
    • Wrapped Token
    • Arbitrage Opportunities
    • Staking
    • Yield Farming
    • Total Value Locked (TVL)
    • Gas Fees
    • Lending & Borrowing
    • Useful Tools
    • Activity: Uniswap & Pancake Swap
    • Learn: Automated Market Makers (AMMs) in DeFi
    • Learn: Crypto Moving towards ESG: What Is Regenerative Finance (ReFi)
    • Learn: What Is dYdX? Understanding the Decentralized Crypto Exchange
    • Learn: It's A Wrap - DeFi in 2022
    • Learn: Why DeFi should expect more hacks this year?
    • Learn: The Security Challenges of DeFi
    • Learn: The Promising Future of Decentralized Social Media on Web 3.0
    • Learn: Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
    • Learn: The Increasing Popularity of DeFi and Its Potential to Disrupt Traditional Finance
    • Learn: The future of DeFi is ReFi
    • Learn: DeFi aggregation
    • TL;DR πŸ‘€
  • πŸ™ˆNon-Fungible Token (NFT)
    • What are NFTs?
    • Case Study
    • Storage
    • Who are the Players?
    • NFT Marketplace
    • NFT Useful Resources
    • Activity: Mint Your Own NFT
    • Learn: How You Can Prevent Hackers From Stealing Your NFTs?
    • Learn: What Is an NFT Floor Price?
    • Learn: Should Bored Ape buyers be legally entitled to refunds?
    • Learn: China’s view of NFTs different from rest of the world’s
    • Learn: NFTs IRL: How Digital Collectibles Are Forging Offline Experiences
    • Learn: How NFT Brands Can Cut Through The Noise
    • Learn: How Web3 disrupts the music sector?
    • Learn: Unlockable content in NFTs
    • Learn: Why Meta Matters in NFTs?
    • Learn: Should NFT Marketplaces Become Centralized?
    • Learn: HermΓ¨s vs. MetaBirkins: The NFT Case That Could Have Major Trademark and Artistic Consequence
    • Learn: What are phygital NFTs, and how do they work?
    • Learn: What is NFT ticketing and how does it work?
    • Learn: Why Solana NFT marketplace is seeing less active users?
    • Learn: NFTs and Intellectual Property
    • Learn: How AI Is Changing Artistic Creation and Challenging IP Laws?
    • Learn: The Future of NFTs: Exploring Dynamic NFTs and Their Versatile Use Cases
    • Learn: NFTs in the event and ticketing industry
    • Learn: What is NFT rarity, and how to calculate it?
    • Learn: What happens to your NFTs when you die?
    • Learn: Dogecoin-Like Spike in Milady NFTs After Elon Musk’s Tweet, But Will It Last?
    • Learn: What are NFT royalties, and how do they work?
    • Learn: How developers aim to store crypto inside NFTs?
    • Learn: Generative Art NFTs: What Are They & Why Are They So Popular?
    • TL;DR πŸ‘€
  • πŸ’—Metaverse
    • What is the Metaverse?
    • Metaverse Economy
    • Metaverse Companies
    • GameFi
    • Learn: Are We in the Metaverse Yet?
    • Learn: Can the Metaverse exist without blockchain?
    • Learn: Can the Metaverse Facilitate Sustainable Growth of Defi Systems?
    • Learn: What is the role of biometrics in the metaverse?
    • Learn: Can metaverse be the future court?
    • Learn: Metaverse Fashion Is on the Rise, but for Whom?
    • Learn: Sustainability in the Metaverse: Challenges and Opportunities
    • Learn: How To Build A Responsible Metaverse?
    • Learn: What is a VTuber, and how do you become one?
    • Learn: How proof-of-identity provides human experiences?
    • Learn: The β€œMetaverse” Next Frontier for Business: Impact And Challenges
    • Learn: The 5 Biggest Misconceptions About The Metaverse
    • Learn: Why culture and ownership are critical to the metaverse?
    • TL;DR πŸ‘€
  • πŸ‘ΎCareer in Web3 (coming soon)
    • Developers
    • Moderators
    • Community Managers
    • UI/ UX Designers
    • Digital Fashion Designers
  • 🌱Sustainability (Coming Soon)
    • Industry Effort
    • Co-author
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On this page
  • The history of Ethereum
  • 2022
  • 2021
  • 2020
  • 2019
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  1. Ethereum

Evolution of Ethereum

ethreum.org

PreviousEthereum Token Standards (ERC-20, ERC-721 and ERC-1155)NextHow to Get Your First Ethereum

Last updated 2 years ago

The history of Ethereum

A timeline of all the major milestones, forks, and updates to the Ethereum blockchain.

What are forks?

Forks are changes to the rules of the Ethereum protocol which often include planned technical upgrades.

Looking for future protocol upgrades? .

2022

Gray Glacier

Jun-30-2022 10:54:04 AM +UTC 🧱Block number: ETH price: $1,069 USD

Summary

The Gray Glacier network upgrade pushed back the by three months. This is the only change introduced in this upgrade, and is similar in nature to the and upgrades. Similar changes have been performed on the , and network upgrades.

2021

Arrow Glacier

Dec-09-2021 07:55:23 PM +UTC 🧱Block number: ETH price: $4,111 USD

Summary

Altair

Summary

Altair was the first major network upgrade that had an exact rollout time. Every upgrade prior had been based on a declared block number on the proof-of-work chain, where block times vary. The Beacon Chain does not require solving for Proof of Work, and instead works on a time-based epoch system consisting of 32 twelve-second "slots" of time where validators can propose blocks. This is why we knew exactly when we would hit epoch 74,240 and Altair went live!

London

Summary

Berlin

Summary

The Berlin upgrade optimized gas cost for certain EVM actions and increases support for multiple transaction types.

2020

Beacon Chain genesis

Summary


Staking deposit contract deployed

Summary


Muir Glacier

Summary

2019

Istanbul

Summary

The Istanbul fork:

  • Improved denial-of-service attack resilience.

  • Enabled Ethereum and Zcash to interoperate.

  • Allowed contracts to introduce more creative functions.

Constantinople

Summary

The Constantinople fork:

  • Added the ability to interact with addresses that haven't been created yet.

2017

Byzantium

Summary

The Byzantium fork:

  • Added ability to make non-state-changing calls to other contracts.

2016

Spurious Dragon

Summary

The Spurious Dragon fork was the second response to the denial of service (DoS) attacks on the network (September/October 2016) including:

  • tuning opcode pricing to prevent future attacks on the network.

  • enabling 'debloat' of the blockchain state.

  • adding replay attack protection.

Tangerine whistle

Summary

The Tangerine Whistle fork was the first response to the denial of service (DoS) attacks on the network (September/October 2016) including:

  • addressing urgent network health issues concerning underpriced operation codes.

DAO fork

Summary

Homestead

Summary

The Homestead fork that looked to the future. It included several protocol changes and a networking change that gave Ethereum the ability to do further network upgrades.

2015

Frontier thawing

Summary

Frontier

Summary

2014

Ether sale

Ether officially went on sale for 42 days. You could buy it with BTC.


Yellowpaper released

The Yellow Paper, authored by Dr. Gavin Wood, is a technical definition of the Ethereum protocol.

2013

Whitepaper released

The introductory paper was published in 2013 by Vitalik Buterin, the founder of Ethereum, before the project's launch in 2015.

The Arrow Glacier network upgrade pushed back the by several months. This is the only change introduced in this upgrade, and is similar in nature to the upgrade. Similar changes have been performed on the , and network upgrades.

Oct-27-2021 10:56:23 AM +UTC 🧱Epoch number: 74,240 ETH price: $4,024 USD

The Altair upgrade was the first scheduled upgrade for the . It added support for 'sync committees' β€” enabling light clients as well as bringing validator inactivity and slashing penalties up to their full values.

Fun fact!

Aug-05-2021 12:33:42 PM +UTC 🧱 Block number: ETH price: $2,621 USD

The London upgrade introduced , which reformed the transaction fee market, along with changes to how gas refunds are handled and the schedule.

Apr-15-2021 10:07:03 AM +UTC 🧱 Block number: ETH price: $2,454 USD

Dec-01-2020 12:00:35 PM +UTC 🧱 Beacon Chain block number: ETH price: $586.23 USD

The needed 16384 deposits of 32 staked ETH to ship securely. This happened on November 27, meaning the Beacon Chain started producing blocks on December 1, 2020. This is an important first step in achieving the .

Oct-14-2020 09:22:52 AM +UTC 🧱 Block number: ETH price: $379.04 USD

The staking deposit contract introduced to the Ethereum ecosystem. Although a contract, it had a direct impact on the timeline for launching the , an important .

Jan-02-2020 08:30:49 AM +UTC 🧱 Block number: ETH price: $127.18 USD

The Muir Glacier fork introduced a delay to the . Increases in block difficulty of the consensus mechanism threatened to degrade the usability of Ethereum by increasing wait times for sending transactions and using dapps.

Dec-08-2019 12:25:09 AM +UTC 🧱 Block number: ETH price: $151.06 USD

Optimized the cost of certain actions in the .

Made solutions based on SNARKs and STARKs more performant.

Feb-28-2019 07:52:04 PM +UTC 🧱 Block number: ETH price: $136.29 USD

Ensured the blockchain didn't freeze before .

Optimized the cost of certain actions in the .

Oct-16-2017 05:22:11 AM +UTC 🧱 Block number: ETH price: $334.23 USD

Reduced block rewards from 5 to 3 ETH.

Delayed the by a year.

Added certain cryptography methods to allow for .

Nov-22-2016 04:15:44 PM +UTC 🧱 Block number: ETH price: $9.84 USD

Oct-18-2016 01:19:31 PM +UTC 🧱 Block number: ETH price: $12.50 USD

Jul-20-2016 01:20:40 PM +UTC 🧱 Block number: ETH price: $12.54 USD

The DAO fork was in response to the where an insecure contract was drained of over 3.6 million ETH in a hack. The fork moved the funds from the faulty contract to a with a single function: withdraw. Anyone who lost funds could withdraw 1 ETH for every 100 DAO tokens in their wallets.

This course of action was voted on by the Ethereum community. Any ETH holder was able to vote via a transaction on . The decision to fork reached over 85% of the votes.

Some miners refused to fork because the DAO incident wasn't a defect in the protocol. They went on to form .

Mar-14-2016 06:49:53 PM +UTC 🧱 Block number: ETH price: $12.50 USD

Sep-07-2015 09:33:09 PM +UTC 🧱 Block number: ETH price: $1.24 USD

The frontier thawing fork lifted the 5,000 limit per and set the default gas price to 51 . This allowed for transactions –– transactions require 21,000 gas. The was introduced to ensure a future hard fork to .

Jul-30-2015 03:26:13 PM +UTC 🧱 Block number: ETH price: N/A

Frontier was live, but barebone implementation of the Ethereum project. It followed the successful Olympic testing phase. It was intended for technical users, specifically developers. had a limit of 5,000. This "thawing" period enabled miners to start their operations and for early adopters to install their clients without having to β€˜rush’.

July 22 - September 02, 2014

April 01, 2014

November 27, 2013

πŸ›’οΈ
difficulty bomb
Muir Glacier
Byzantium
Constantinople
London
EF Blog - Arrow Glacier Upgrade Announcement
Ethereum Cat Herders - Ethereum Arrow Glacier Upgrade
Beacon Chain
Read the Altair upgrade specification
Beaconcha.in Glossary - Slots
EIP-1559
Ice Age
Are you a dApp developer? Be sure to upgrade your libraries and tooling.
Read the Ethereum Foundation announcement
Read the Ethereum Cat Herder's explainer
Read the Ethereum Foundation announcement
Read the Ethereum Cat Herder's explainer
Beacon Chain
Ethereum vision
Read the Ethereum Foundation announcement
staking
Mainnet
Beacon Chain
Ethereum upgrade
Read the Ethereum Foundation announcement
difficulty bomb
proof-of-work
Read the Ethereum Foundation announcement
Read the Ethereum Cat Herder's explainer
gas
EVM
layer-2 scaling
Read the Ethereum Foundation announcement
proof-of-stake was implemented
gas
EVM
Read the Ethereum Foundation announcement
mining
difficulty bomb
layer-2 scaling
Read the Ethereum Foundation announcement
Read the Ethereum Foundation announcement
Read the Ethereum Foundation announcement
2016 DAO attack
DAO
new contract
a voting platform
Ethereum Classic
Read the Ethereum Foundation announcement
Read the Ethereum Foundation announcement
gas
block
gwei
difficulty bomb
Proof of Stake
Read the Ethereum Foundation announcement
Read the Ethereum Protocol Update 1
Blocks
gas
Read the Ethereum Foundation announcement
Read the Ethereum Foundation announcement
View the Yellow Paper
Learn about upcoming upgrades to Ethereum
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Arrow Glacier
Muir Glacier
Byzantium
Constantinople
London
EF Blog - Gray Glacier Upgrade Announcement
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