Market Cap
$398,481,741,821.5
Fully Diluted Valuation
$398,481,741,821.5
24 Hour Trading Vol
$28,248,940,389.4
Circulating Supply
120,501,752.0
Total Supply
120,501,752.0
Max Supply
∞
Ethereum Price
$3,306.9
24h Range
$3,238.6 - $3,360.0
Percent Change 1h
-0.63%
Percent Change 24h
2.24%
Percent Change 7d
2.75%
All-time high
$4,878.3
All-time low
$0.433
1D
7D
1M
1Y
All
Ethereum (ETH) is an open-source, decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in July 2015 by Vitalik Buterin and his team, Ethereum has become the second-largest cryptocurrency by market capitalization, following Bitcoin. As of 2024, Ethereum's market cap hovers around $200 billion, showcasing its significant influence in the crypto space.
Ethereum introduced the concept of programmable money, allowing users to create complex financial products without intermediaries. The native cryptocurrency, Ether (ETH), is used to power these applications and pay for transaction fees on the network, known as "gas." Ethereum's transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism with the Ethereum 2.0 upgrade has further enhanced its scalability and energy efficiency.
The primary founder of Ethereum is Vitalik Buterin, a Russian-Canadian programmer and writer. He proposed Ethereum in late 2013, envisioning a platform that would enable smart contracts. Buterin was joined by several co-founders, including:
These founders, along with others, have driven Ethereum's development, fostering a vibrant community and ecosystem that continues to grow.
Ethereum operates on a decentralized network of nodes that validate and store transactions. The core components of Ethereum's functionality include:
Smart contracts are self-executing contracts with the terms directly written into code. They automatically enforce and execute agreements based on predetermined conditions without needing intermediaries.
The EVM is the runtime environment for executing smart contracts on the Ethereum blockchain. It allows developers to deploy dApps using various programming languages while ensuring compatibility across the network.
Transaction fees, known as "gas," are paid in ETH and are necessary for executing transactions and smart contracts. Gas prices fluctuate based on network demand, incentivizing miners or validators to prioritize certain transactions.
With Ethereum's transition to PoS, validators replace miners to secure the network. Validators are chosen to create new blocks based on the amount of ETH they hold and are willing to "stake." This change has increased energy efficiency and scalability, allowing for more transactions per second.
Ethereum's versatility has led to various innovative use cases, including:
DeFi applications enable users to lend, borrow, and trade cryptocurrencies without traditional financial institutions. As of 2024, the total value locked (TVL) in DeFi protocols on Ethereum exceeds $50 billion.
NFTs represent ownership of unique digital assets, such as art and collectibles. Ethereum remains the leading platform for NFT creation and trading, with marketplaces like OpenSea and Rarible facilitating millions of transactions daily.
DAOs are entities governed by smart contracts, allowing for collective decision-making. They enable community-driven projects and fund management, with many DAOs managing assets worth millions of dollars.
Ethereum's transparency and traceability features enhance supply chain processes. Companies use Ethereum to track the provenance of goods, ensuring authenticity and reducing fraud.
Real-world assets, such as real estate and stocks, can be tokenized on Ethereum, enabling fractional ownership and easier transferability. This innovation opens up investment opportunities for a broader audience.
Securing your Ethereum holdings is crucial in the crypto space. Here are some best practices for keeping your ETH safe:
Hardware wallets, such as Ledger and Trezor, store your private keys offline, providing enhanced security against hacking attempts.
Always enable 2FA on your cryptocurrency exchange and wallet accounts for an added layer of security.
Keep your wallet software and any associated applications updated to protect against vulnerabilities.
Always verify URLs and avoid clicking on suspicious links in emails or messages to prevent phishing scams.
Regularly back up your wallet's recovery phrase and private keys in a secure location. This ensures you can recover your funds in case of loss or theft.
By following these practices, you can safeguard your Ethereum holdings and contribute to a more secure blockchain ecosystem.
Investing in Ethereum (ETH) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Ethereum: Once your account is funded, you can purchase Ethereum directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Ethereum using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Ethereum (ETH) is currently trading at $3,306.9 and exhibits good potential for future growth. Check the latest Ethereum (ETH) price prediction.
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