EthereumETH
$ 2,162.14
0.05474465 BTC
Marketcap
$ 260,325,221,279
Volume (24h)
$ 15,885,899,700
Circulating Supply
120,234,245 ETH
Total Supply
120,234,245 ETH
Ethereum price history
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* Currency in USD
| Date | Open | Close | High | Low | Volume |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Bitcoin soars to $38,800, fueled by institutional demand and spot ETF hopescrypto.ro global - 1 day agoBitcoin soared to $38,800 for the first time since May 2022 in the European morning hours on Friday, riding a wave of optimism from expected…
- Tesla Cybertruck deliveries begin: Here’s how much it costscrypto.ro global - 2 days agoElon Musk’s Tesla began Cybertruck deliveries on Thursday, marking a significant step for the electric vehicle giant. First revealed in 2019, this model is Tesla’s…
- Elon Musk’s bold stand: Advertisers can ‘Go F*** Yourself’ amidst X controversycrypto.ro global - 3 days agoBillionaire Elon Musk, known for his unfiltered approach, stirred up controversy yet again at the 2023 DealBook Summit. Speaking in New York on Nov. 29,…
- Cristiano Ronaldo faces class-action lawsuit over Binance promotioncrypto.ro global - 3 days agoCristiano Ronaldo, the renowned football star, is embroiled in a legal battle, facing a class-action lawsuit alleging he contributed to the promotion of unregistered securities…
- Investing titan Charlie Munger passes away at 99, leaving a legacy of wisdom and witcrypto.ro global - 4 days agoBerkshire Hathaway confirmed the passing of Charlie Munger, the legendary investor and Warren Buffett’s right-hand man, on Tuesday. Munger, known for his incisive investment wisdom…
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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.
While Ethereum offers many opportunities for investment and transactions, there are many other cryptocurrencies available that could align more closely with your specific needs. Whether you’re looking to diversify your portfolio or just getting started, we encourage you to check out our guide on the best crypto to buy now. Additionally, to enhance your cryptocurrency management experience, consider reading our guides on the best crypto wallet and the best crypto app.
