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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.
Ethereum Market Price Ticker Chart
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Ethereum Frequenty Asked Questions
Where does Ethereum (ETH) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Ethereum currently ranks in position 2 out of the top 1000 cryptocurrencies. Another important factor in popularity is Ethereum‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Ethereum has a market cap of $ 259,573,747,948, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,176,563,446,184, Litecoin at $ 17,877,940,302, Ethereum at $ 259,573,747,948, Tether at $ 45,534,268,479, and XRP at $ 79,067,109,661.
What is the price of Ethereum (ETH) today (updated in realtime)?
The current price of Ethereum is $ 2,254.70 in USD. (The price in Euros is 1.896,65 €; and the price in Bitcoin is Ƀ 0.03579600 BTC.)
How has Ethereum (ETH) performed recently?
Ethereum‘s price has increased in the last 24 hours by 5.56%. The change in price over the last seven days was 7.48%. The trading volume over the last 24 hours was $ 32,206,897,315. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Ethereum‘s (ETH) market supply?
The total circulating (available) supply of Ethereum is 115,453,149 ETH. The total supply of Ethereum is 0 ETH.
What is the 24 hour volume for Ethereum (ETH)?
The 24 hour volume of Ethereum is $ 32,206,897,315.
What is Ethereum (ETH) official website?
Ethereum‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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