

Rank: # 2
Market Cap: $ 534,870,073,387
Volume (24hrs): $ 27,498,831,156
Circulating Supply: 120,707,913 ETH
Price in BTC: Ƀ 0.03764158
Change (1 Hr): 0.00%
Change (7 Days): 4.40%
Change (30 Days): 29.18%
All Time High: $ 4,878.26
All Time High Date: November 10, 2021
Ethereum Coverter:
Ethereum Coverter:
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- Crypto to become UAE’s second-biggest sector in 5 years — Institutional investorCointelegraph.com News - 3 hours agoThe crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations. The crypto sector…
- Blockchain security must localize to stop Asia’s crypto crime waveCointelegraph.com News - 7 hours agoWithout localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse. Opinion by: Slava Demchuk,…
- Here’s what happened in crypto todayCointelegraph.com News - 8 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: ExecCointelegraph.com News - 8 hours agoS&P Dow Jones Indices is exploring partnerships with major exchanges, custodians and DeFi protocols to launch tokenized versions of its benchmarks. S&P Dow Jones Indices…
- Ether accumulation heats up: $882M in ETH snapped up by Bitmine, whaleCointelegraph.com News - 11 hours agoBitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional…
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 engaged 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 they are the foundation for running scripts in the Ethereum Virtual Machine. Through the development of "smart contracts", Ethereum made it possible to sign tokens that have a specific function besides being a medium of exchange and broadened the capabilities of blockchain "transactions".
Its key cryptocurrency is the Ether, which is usually used for payments in smart contracts or dApps. In addition, Ethereum is also fueled with GAS, a cryptocurrency associated with operations that require some kind of computation from its nodes. The GAS price is proportional to the type of the computational power required execute a task. Therefore, a fee in GAS is included to pay for the nodes running or authenticating a transaction.
Originally, Ethereum used proof-of-work to reach consensus. The Casper protocol, however, gradually shifted Ethereum consensus from PoW to a custom proof-of-stake protocol.
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