Ethereum - price history, chart, converter and news

$ 1,771.89
0.06348812 BTC
$ 213,554,895,230
Volume (24h)
$ 8,760,683,034
Circulating Supply
120,456,467 ETH
Total Supply
120,456,467 ETH

Ethereum price history

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What is Ethereum?

Ethereum is a decentralized operating system. The platform introduced, in practice, the concept of "decentralized applications". Its founder, Vitalik Buterin, has been involved in the development of blockchain and Bitcoin since its inception.

Today, several cryptocurrencies are issued in ICOs using Ethereum. These tokens are called ERC-20 and are the basis for running scripts in the Ethereum virtual machine. By developing "smart contracts", Ethereum made it possible to sign tokens that have a specific function other than being a medium of exchange and expanded the capabilities of blockchain "transactions".

Its key cryptocurrency is Ether, which is typically used for payments in smart contracts or dApps. In addition, Ethereum is also powered by GAS, a cryptocurrency associated with operations that require some sort of computation from its nodes. The price of GAS is proportional to the type of computing power required to execute a task. Therefore, a fee is included in GAS to pay the nodes that run or authenticate a transaction.

Originally, Ethereum used proof of work to reach consensus. However, the Casper protocol moved the Ethereum consensus from PoW to a custom proof-of-stake protocol.

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