The first live release of the Ethereum project called “Ethereum Frontier” was released this week, but leaked communications between developers suggest that the project’s future may be under question.
The frontier release focuses on command line tools, which allow developers to load and execute contracts and send ethers to each other on the Ethereum blockchain.
Users and developers may also create a tradable digital token that could be classified as a currency or an asset. The “currencies” on the Ethereum blockchain utilize a standard coin API, which enables contracts to be automatically compatible with any wallets or exchange using the same standard API.
Years to Competition
The sudden release of Ethereum comes as a surprise for some who expected the project to drag on for years. Just a couple of months ago, Ethereum team member Matt Liston worried that the project needed “years more of development.”
The leaked Skype chat read:
[5/15/15, 11:51:17 AM] Texture [ethereum]: but how long can we continue to pay for my altcoin habit
[5/15/15, 11:51:22 AM] Texture [ethereum]: based on your numbers I’d say the end of the week
[5/15/15, 11:51:33 AM] Matt Liston: Ethdev needs years+
[5/15/15, 11:51:35 AM] Texture [ethereum]: this is really distressing
[5/15/15, 11:52:18 AM]