Ethereum ETH

Current Ethereum price data

The current price of Ethereum today is $1,584.98 USD with 24-hour trading volume of $7,737,842,200 USD. The current CoinMarketCap ranking is #2 with a real market capitalization of $193,959,803,102 and has122 373 866 ETH coins in circulation. The exchanges to trade Ethereum stocks are currently Binance, Deepcoin, BingX, Bybit and OKX.

What is Ethereum (ETH)?

Ethereum is a decentralized open-source blockchain system with its own cryptocurrency, Ether. ETH works as a platform for many other cryptocurrencies, as well as for the execution of decentralized smart contracts. The Ethereum Foundation officially launched the blockchain on July 30, 2015 under a prototype codenamed "Frontier." Ethereum's goal is to become a global platform for decentralized applications, allowing users from around the world to write and run software that is resistant to censorship, downtime and fraud.

Ethereum has a total of eight co-founders - an unusually large number for a crypto project. Vitalik Buterin is the author of the original white paper that first described Ethereum in 2013. British programmer Gavin Wood is the second most important co-founder of ETH. Other Ethereum co-founders include Anthony Di Iorio,Charles Hoskinson, Mihai Alisie,Joseph Lubin and Amir Chetrit.

How does it work?

Ethereum's main innovation was the development of a platform that allowed it to execute smart contracts using blockchain. Smart contracts are computer programs that automatically perform the actions necessary to execute an agreement between multiple parties on the Internet, reducing transaction costs while increasing transaction reliability. In addition, Ethereum is capable of hosting other cryptocurrencies, called "tokens," through the use of the ERC-20 interoperability standard.

In 2022, Ethereum renamed its transition from proof-of-work to proof-of-stake from Ethereum 2.0 to The Merge. The merge makes several changes to Ethereum. First, it combines Ethereum's existing core PoW network with the Beacon Chain, a PoS chain. Together, the two chains will form a new Ethereum proof-of-stake consisting of a consensus layer and an execution layer. Secondly, the merger significantly reduces the issuance of ETH. This has been dubbed the "triple split in half" to signify that Bitcoin is split in half, as the merger reduces ETH issuance by 90%.

Where to buy and how to store ETH?

Ethereum is the second largest cryptocurrency after Bitcoin, you can buy or use trading pairs of ETH on almost all major crypto exchanges: Binance, Coinbase Pro, OKEx, Kraken, Huobi Global.

ETH Coin is supported by many wallets, including:

Ledger, Trezor - hardware;
Atomic Wallet, Exodus - desktop;
Metamask - browser-based;
MyEtherWallet, MyCrypto - online;
BRD, Trust Wallet, Jaxx - mobile.

To choose the best option, consider how often you make transactions and how much money you operate. This will give you an idea of which wallet suits you.

Last news

03/21/2023

Coinbase Tests ChatGPT. Will AI Change Crypto Industry?

Coinbase, one of the largest cryptocurrency exchanges in the world, has conducted a test using the artificial intelligence (AI) application, ChatGPT, to assess the security risks of smart contracts. The San Francisco-based exchange tested the AI tool's accuracy by using its ERC-20 token review framework, publishing the results in a blog post on March 20

03/20/2023

Arbitrum Launches ARB Token and Boost Decentralization

Arbitrum, a major player in Ethereum's layer 2 scaling arena, has announced the introduction of a new token called ARB. The Arbitrum Foundation stated on Thursday that the token will be distributed to community members on March 23rd via airdrop

03/17/2023

The Ethereum Shanghai Upgrade is Coming. What Will Happen to ETH Price?

The Ethereum Shanghai upgrade, also known as Shapella, is set to go live on April 12, according to a recent announcement by the network's developers. The upgrade includes Ethereum Improvement Proposal (EIP) 4895, which will allow users to withdraw their staked Ether from the Beacon Chain, increasing market liquidity and making it easier for users to access their funds along with three additional improvements aimed at optimizing gas costs for specific activities

03/10/2023

CryptoGPT's GPT Token Takes Off. Will it Fuel Decentralized AI?

Today marks a significant milestone for CryptoGPT as its native GPT token has been listed on major cryptocurrency exchanges such as Bitfinex, PancakeSwap, Bybit, Gate, Uniswap, MEXC, and Bitget

03/10/2023

The Rise of Gyroscope: a New Path for Stablecoins?

Gyroscope has raised $4.5 million in seed funding to create a stablecoin called Gyro Dollars (GYD) with an innovative, all-weather reserve design. The funding round was co-led by Placeholder VC and Galaxy Ventures and included several renowned investors

02/02/2023

Bahrain real estate company starts accepting crypto payments

In the Kingdom of Bahrain, the spread of cryptocurrencies continues. Bin Faqeeh Real Estate Investment is going to …

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