Ethereum
| Last updated | 6 hours ago |
| Price per ETH in USD | $ 2531.030261757 |
| Price per ETH in Bitcoin | 0 |
| Volume over the last 24 hours | $ 29,738,821,617 |
| Market cap in USD | $ 305,562,014,085 |
| Change in % over the last hour | -0.36176445 |
| Change in % over the last 24 hours | -4.01114043 |
| Change in % over the last 7 days | -1.39483787 |
ETH specifications
| Name | Ethereum |
| Symbol | ETH |
| Minable | Yes |
| Algorithm | Ethash |
| Prooftype | PoS |
Coin description
Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It uses its native cryptocurrency, Ether (ETH), to power transactions and computational tasks on the network. Unlike Bitcoin, Ethereum operates on a proof-of-stake (PoS) consensus mechanism through its upgrade to Ethereum 2.0, reducing energy consumption significantly and improving scalability.
Ethereum Smart Contracts and Use Cases
Ethereum's flexibility has made it a hub for innovation, supporting projects like decentralized finance (DeFi), non-fungible tokens (NFTs), and more. Its transition to PoS enhances scalability and security, making it a cornerstone of the blockchain ecosystem. Developers appreciate Ethereum's Turing-complete programming language, which allows for the creation of complex applications that go beyond simple transactions. Keywords like Ethereum dApps and smart contract development are closely tied to its mission.
Ethereum's impact extends beyond just being a cryptocurrency. It has become the foundation for a new wave of decentralized technologies, enabling everything from decentralized exchanges to gaming platforms. Its ability to support programmable money has opened up countless possibilities, making it one of the most versatile and widely used blockchains in existence today.