Ethereum was founded in 2013 and is headquartered in Zug, Switzerland. It all started with Vitalik Buterin, who birthed the idea, and was later joined by four other co-founders called Gavin Wood, Antony Di Lorio, Charles Hoskinson, and Joseph Lubin. The development work was crowdfunded and began in 2014.
The first time the network went live was on July 30, 2015, with 72 million coins. These coins or tokens are known as ETH or Ether. Ethereum has been implementing Ethereum 2.0, a series of upgrades that include a transition to proof of stake. The upgrades are aimed at increasing transaction throughput via sharding (splitting and storing a logical dataset in multiple databases).
Technically, Ethereum allows users to represent, trade, and use anything they own as NFTs. For example, tokenizing enables owners to earn royalties. A user can even secure a loan using tokens for something they own. The possibilities enabled by Ethereum keep growing all the time.
With Ethereum having gone mainstream, online casino players have been quick to take advantage of the benefits offered by this crypto payment. These include instant processing, anonymity, and the lack of intermediaries. ETH is particularly popular in the United States, Germany, Singapore, and the United Kingdom.