Ethereum has been invented by Vitalik Buterin, a Russian-Canadian teenager. He released a white paper on this currency in 2013. Buterin was fond of Bitcoin to begin with, but was disillusioned by its limits. He was 19 at that time. He set out to design a system which goes beyond the record of static quantities. He developed blockchain that could host smart contracts and self-executing agreements. The imagination of the developers of apps is the only limit.

Etherecem has evolved over the years. The current climaxing of Ethereum is in the NFTs or non-fungible tokens which have been around since 2017. NFTs are linked to the Ethereum blockchain.

Ethereum network operates uses some of the Ether to complete every transaction. It destroys some Ethereum during this interaction. It restricts the supply of Ethereum, and that puts upward pressure on its price.