Ethereum - price history, chart, converter and news

$ 2,162.14
0.05474465 BTC
$ 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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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.