What is Ethereum? Discover Ethereum Price & MarketCap

$ 1,842.31
0.06759530 BTC
$ 221,550,849,805
Volume (24h)
$ 4,917,224,548
Circulating Supply
120,256,010 ETH
Total Supply
120,256,010 ETH
Ethereum is a crypto token or crypto currency. In our article you will discover how to invest in crypto, its price and where to buy it.

Cryptocurrencies are digital assets that use cryptography and a decentralized network to secure and verify transactions. They are often used as a medium of exchange or as a store of value, and can be bought, sold, and traded on various online platforms. There are many different types of cryptocurrencies, each with its own unique features and characteristics.

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.

What is the price of Ethereum?


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