Historic Ethereum Eritrean nakfa

Ethereum eritrean nakfa history for February 2024. The highest quote for this month is 0.006524 (01/02/2024) and the lowest 0.006708 (01/02/2024). The difference between high and low is -2.82.

ETH ERN average rate for February 2024 is 0.00553, the change between 01/02/2024 and 29/02/2024 is +31.16 %.

01 February 20241 ETH = 0.0065 ERN
02 February 20241 ETH = 0.0065 ERN
03 February 20241 ETH = 0.0066 ERN
04 February 20241 ETH = 0.0066 ERN
05 February 20241 ETH = 0.0066 ERN
06 February 20241 ETH = 0.0063 ERN
07 February 20241 ETH = 0.0062 ERN
08 February 20241 ETH = 0.0062 ERN
09 February 20241 ETH = 0.0061 ERN
12 February 20241 ETH = 0.0057 ERN
13 February 20241 ETH = 0.0057 ERN
14 February 20241 ETH = 0.0054 ERN
15 February 20241 ETH = 0.0053 ERN
16 February 20241 ETH = 0.0054 ERN
17 February 20241 ETH = 0.0054 ERN
18 February 20241 ETH = 0.0052 ERN
19 February 20241 ETH = 0.0051 ERN
20 February 20241 ETH = 0.0050 ERN
21 February 20241 ETH = 0.0051 ERN
22 February 20241 ETH = 0.0051 ERN
23 February 20241 ETH = 0.0052 ERN
24 February 20241 ETH = 0.0050 ERN
25 February 20241 ETH = 0.0048 ERN
26 February 20241 ETH = 0.0047 ERN
27 February 20241 ETH = 0.0046 ERN
28 February 20241 ETH = 0.0044 ERN
29 February 20241 ETH = 0.0045 ERN

28/07/2020: Ethereum 2.0 Testnet Launch

The Beacon Chain, the first phase of Ethereum 2.0, goes live on a public testnet, marking a significant step towards the transition to a proof-of-stake consensus mechanism.

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

20/07/2017: Ethereum Hard Forks: Byzantium

The Ethereum network undergoes a hard fork upgrade named Byzantium, implementing various improvements to enhance scalability, privacy, and security.

17/06/2016: The DAO Hack

The Decentralized Autonomous Organization (DAO), built on the Ethereum platform, suffers a major security breach, resulting in the theft of approximately 3.6 million ETH tokens.

30/07/2015: Ethereum Mainnet Launched

The Ethereum mainnet is released, enabling developers around the world to build and deploy decentralized applications on the Ethereum blockchain.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

30/07/2013: Ethereum Whitepaper Published

Vitalik Buterin publishes the Ethereum whitepaper, outlining a new blockchain platform designed to support decentralized applications and smart contracts.

03/01/2009: Bitcoin Genesis Block Created

The first block of the Bitcoin blockchain, known as the Genesis Block, is mined by Satoshi Nakamoto, marking the birth of the Bitcoin network.

31/10/2008: Bitcoin Whitepaper Published

Satoshi Nakamoto releases a whitepaper titled 'Bitcoin: A Peer-to-Peer Electronic Cash System,' introducing the concept of a decentralized digital currency.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.
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