

Rank: # 2
Market Cap: $ 300,020,426,087
Volume (24hrs): $ 15,720,200,600
Circulating Supply: 120,717,564 ETH
Price in BTC: Ƀ 0.02319649
Change (1 Hr): -0.24%
Change (7 Days): 3.79%
Change (30 Days): -1.00%
All Time High: $ 4,878.26
All Time High Date: November 10, 2021
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- Analysts raise chance of SOL, XRP and LTC ETF approval to 95%Cointelegraph.com News - 5 minutes agoCrypto ETF summer has arrived with America’s first staked Solana ETP and increased odds for other spot altcoin funds, according to analysts. Analysts covering the…
- TradFi could move onchain due to ‘horrible banking experiences’Cointelegraph.com News - 35 minutes agoAave Labs founder Stani Kulechov says traditional finance has largely moved on from banks into fintech, and blockchain could be the sector’s next move. Crypto…
- Circle applies for US trust bank charter to manage its USDC reserveCointelegraph.com News - 1 hour agoOther crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license…
- SOL price rallies to $161 after ETF news, but is the rally sustainable?Cointelegraph.com News - 4 hours agoSolana’s ETF launch sparks a brief rally, but fundamentals and institutional demand remain weak amid competition. Key takeaways:The Solana ETF launch with staking drew initial…
- ETH trading pattern points to 100% rally to $5,000: What are the odds?Cointelegraph.com News - 5 hours agoEther price enters the most bullish phase of a powerful trading pattern, but bearish headwinds could stall the rally in the short-term. Key takeaways:Ether’s chart…
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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