Ethereum
EthereumRank: # 2
Market Cap: $ 273,084,249,934
Volume (24hrs): $ 3,712,459,198
Circulating Supply: 122,200,877 ETH
Price in BTC: Ƀ 0.02944503
Change (1 Hr): 0.00%
Change (7 Days): -1.37%
Change (30 Days): -10.08%
All Time High: $ 4,946.05
All Time High Date: August 24, 2025
Ethereum Coverter:
Ethereum Coverter:
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- Here’s what happened in crypto todayCointelegraph.com News - 3 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- Binance France emails announce closure of its users’ accounts on Dec. 31Cointelegraph.com News - 4 hours agoAny assets left on the exchange will be charged monthly fees starting on Nov. 29, company says.Binance France is closing up shop in the country.…
- Amsterdam protesters break into Microsoft data center construction site: ReportCointelegraph.com News - 7 hours agoDutch police said they detained 150-200 people for trespassing during the protest.Protesters reportedly broke into an Amsterdam construction site for a Microsoft data center and…
- Binance’s finance chief Kaiser Ng to leave company, report saysCointelegraph.com News - 8 hours agoNg will be replaced by Justin Yek, who was formerly vice-president of finance at Airwallex.Binance’s finance chief Kaiser Ng is reportedly leaving that company to…
- Ex-FBI counterintelligence agent stole almost $2.5M in cryptoCointelegraph.com News - 1 day agoYaroch paid off his debts and intended to use the proceeds to finance a new life in Portugal, where he planned to buy a vineyard.A…
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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