

Rank: # 2
Market Cap: $ 201,417,189,221
Volume (24hrs): $ 5,465,713,148
Circulating Supply: 120,238,637 ETH
Price in BTC: Ƀ 0.06176636
Change (1 Hr): -0.40%
Change (7 Days): 5.16%
Change (30 Days): 2.84%
All Time High: $ 4,878.26
All Time High Date: November 10, 2021
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- Microsoft to form nuclear power team to support AI: ReportCointelegraph.com News - 1 hour agoMicrosoft is forming a new team of professionals to advance its artificial intelligence plans with Small Modular Reactors and microreactors. Tech giant Microsoft is apparently…
- Crypto synthetic assets, explainedCointelegraph.com News - 6 hours agoA synthetic asset represents real-world assets digitally, created and traded on blockchain networks, mirroring the value and behavior of its underlying counterpart. What are crypto…
- FTX exploiter moved over $17M in ETH in the last 24 hoursCointelegraph.com News - 9 hours agoA significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract. According to recent information from…
- DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset managementCointelegraph.com News - 11 hours agoThe DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX. The Department of Justice (DOJ) has confirmed…
- Vitalik Buterin voices concerns over DAOs approving ETH staking pool operatorsCointelegraph.com News - 12 hours agoThe Ethereum co-founder proposes a solution that could lower the likelihood of any individual liquid staking provider growing to a point where it poses 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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