Ethereum
EthereumRank: # 2
Market Cap: $ 224,848,125,098
Volume (24hrs): $ 4,404,219,896
Circulating Supply: 120,682,850 ETH
Price in BTC: Ƀ 0.02875552
Change (1 Hr): 0.12%
Change (7 Days): 2.20%
Change (30 Days): 9.10%
All Time High: $ 4,946.05
All Time High Date: August 24, 2025
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- Here’s what happened in crypto todayCointelegraph.com News - 11 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…
- Kaspersky identifies malware framework targeting crypto investorsCointelegraph.com News - 11 hours agoCybersecurity company Kaspersky said a newly identified malware framework is targeting cryptocurrency investors through social engineering tactics and trojanized GitHub apps.Kaspersky has uncovered a new…
- French gambling regulator orders ISPs to block PolymarketCointelegraph.com News - 13 hours agoFrance’s gambling authority has ordered the country’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns.France’s Autorité nationale des jeux (ANJ),…
- FTX to distribute $900M to creditors in fifth payment roundCointelegraph.com News - 1 day agoThe FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from…
- Galaxy lands 15-year Texas Tech stadium naming rights dealCointelegraph.com News - 1 day agoGalaxy Digital will rename Texas Tech’s football stadium under a 15-year agreement, expanding its West Texas presence as the state attracts growing crypto investment. Digital…
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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