During 2017 HoldEthereum became the world’s first intelligent HODL test contract, a decentralized application that had only one job: to freeze any ETHs sent by users, until Ethereum’s fifth birthday. Yesterday, it was that day. Which means, these people can now withdraw their ETHs deposited in this “smart contract”. This is how the platform made it known through a communiqué.
On a voluntary basis three years ago, people started blocking their funds, which meant that these individuals began to trust the Ethereum ecosystem. During 2017 and the following year, more than USD 100,000 were registered at ETH in what was the HodlEthereum time capsule. This smart contract was created by LocalCryptos.
Since its launch on July 30, 2015, Ethereum has become the second largest kryptonet by market capitalization, second only to Bitcoin. Since its birth this cryptoactive has maintained a constant progress and has gained the respect of the whole market.
Five years of Ethereum: from a teenage dream to a $38B block chain
Steps to follow to carry out the withdrawal of ETH
However, through this publication in question, the instructions that people should follow in order to remove ETHs have been specified.
The note specifies that, the user must “call” the “party” function using the address from which he sent his ETH. This can be done using the Etherscan interface connected to your preferred web3 wallet (e.g. MetaMask).
In the release, they detailed the address of the Ethereum. You must also open the contract tab, and write the contract in Etherscan.
You must also connect your Ethereum wallet using the Connect to Web3 button, then click the write button. Finally, and once the transaction is confirmed, you will meet with your ETH.
This is where the oldest ETH ever mined ended 5 years later
Ethereum celebrates its fifth anniversary
The popular Blockchain platform and second largest currency on the market, Ethereum, completed its fifth year on the market this Thursday, July 30, and is on track for its next update.
Ethereum is also a project that is always boiling. It is resolutely committed to constant innovation. This is demonstrated by the revolution in decentralized finance (DeFi), the latest development that has generated renewed interest in this Bitcoin Storm currency. The strong emergence of this new way of understanding finance could put the entire traditional banking network in check.
The birth of Ethereum
While the Ethereum’s open testnet, called Olympic, was launched in May 2015 and later, in July, Frontier, version 1.0 of the block chain, the idea for the project came a few years earlier. The first Ethereum technical document was presented by Russian-Canadian programmer Vitalik Buterin in 2013, when he was 19 years old.
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The development of Ethereum was financed through an Initial Offer of Crypto Coins (ICO) during July-August 2014. Participants paid the Ether token (ETH) with Bitcoin (BTC), and a total of USD 18 million was raised. This collective sale would allow the formal start of the development of the platform that would be launched in its first version on July 30, 2015.