Ethereum current price is $2,957.96 with a marketcap of $348.03 B. Its price is -6.14% down in last 24 hours.
- Ethereum (ETH)
- Live Price $2,957.96
24h % -6.14%
- Market Cap$348.03 B
- Volume$28.50 B
- Available Supply117.66 M ETH
Ethereum Price Chart
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¿What is Ethereum?
Right after Bitcoin, Ethereum is the second most popular cryptocurrency nowadays. Like Bitcoin, Ethereum is also an open source platform that can be used to power up any decentralized application.
Being more or less the same, Ethereum is different than Bitcoin on other aspects. Ethereum mainly concentrates on fueling all the programming codes or protocols of all the decentralized app.
In Ethereum one can't just mine it to own one like Bitcoin, instead, a user can earn a crypto token named Ether. Ether being the tradable currency like all others, can also be used to pay for any kind of facilities on the network.
Ether is also used for transferring from one account to another to provide proof of participation in the computation. The EVM or Ethereum Virtual Machine runs a script that provides protection against spams and other resources.
The founder of Ethereum is Vitalik Buterin in 2013. Buterin is a crypto programmer and researcher. Although the initial funding for this project came from a crowdfunding in 2014. It took another six to seven months to finally be live on the market having only 11.9 million coins in their first stock.
What Are The Features?
- It’s a full decentralized platform meaning any app running on the network doesn’t have any third party running.
- A highly secured process, 100% tamper and fraud-proof.
- No risk of node failure or transaction errors.
- Faster than Bitcoin.
- Transactions are anonymous meaning no one can track the real user.
Ethereum is also based on blockchain technology, just like Bitcoin. But the technology is generated and run by Ethereum Network. Ethereum uses accounts to store all the earned Ethers.
The nodes of the Ethereum blockchain stores every recent state of any transaction or contract. A transaction can’t forward without this state.
Ethereum Markets / Exchanges