Stephen Tual of Ethereum has confirmed speculation about the soon to exist 'launch' of the project leading to the controversial 3rd party traded 'Ethercoin' to skyrocket in cost.

Frontier launch

On their official web log, Stephen Tual, CCO of Ethereum confirmed speculation that the international project would 'launch' stating that "Nosotros are only days away from launching 'Frontier.'" He goes in some depth every bit to what to expect and where to get the information you need.

Tual as well explained that as far as the 'launch' goes:

"In that location volition exist no inaugural – Ethereum is not something that'due south centrally 'launched,' but instead emerges from consensus. Users will have to voluntarily download and run a specific version of the software, then manually generate and load the Genesis cake to join the official projection's network."

Within a matter of hours the price of Ethercoin skyrocketed, from US$2.three to around United states$v per Ether. As of fourth dimension of writing, it has snapped dorsum downward to Usa$two.7.

Stephen Tual, CCO of Ethereum

Third party Ether

It is important for investors to know that Ethercoin is a third political party maintained Ether exchange, backed by what its developers merits is a large amount of Ether purchased during the IPO. Developers launched Ethercoin to let trading of the nugget and, of grade, make some money on the way upwards. However, Ethercoin is equally centralized as whatever other substitution and there is no guarantee that its developers will make due on their hope to deliver the Ether.

The initial Ether IPO price was around US$0.xl per Ether back in July 2022, which has since jumped in price more than 10 fold to date. Those that bought Ether during their IPO can learn more than virtually how to cash it in or use information technology after launch here.

As Cointelegraph reported July xx, Ethereum "will go down in history as having been one of the most successful crowdfunded projects easily down, having raised over Us$18 million in September 2022 … it sits in 3rd place equally having raised the nearly money among crowdfunded projects, ever."

Its kickoff release, Frontier, will be command line heavy and best suited for developer cowboys willing to risk their coins in this new wild due west of decentralized blockchain computing. Investors, developers and miners are brash to practise their research before making haste decisions.