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ETH Price

All About Ethereum

Price in USD$1722.34
All-time high$4861.29
Market Cap$210.8 Billion
24h Volume$8.3 Billion
Contract Address0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
ETH Address0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
BSC Address0x2170ed0880ac9a755fd29b2688956bd959f933f8
2

Ethereum

ETH

$1722.34

0.06387182 BTC

$210.770 B
$8.319 B
3.95%
$210.8 B
$4861.29
0.33%0.33%
2.66%2.66%
1.37%1.37%
7.08%7.08%
44.42%44.42%
48.24%48.24%
0.33%0.33%
0.91%0.91%
2.14%2.14%
7.53%7.53%
10.86%10.86%
9.35%9.35%
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
0.00% -0.0% -
122.374 M
122.374 M
-
$210.8 B
4.30%
$1698.70
$1774.97
$724.99 M
$366.64 M
$358.35 M

ETH Price Chart

MarketExchangePriceVolume 24hLiquidity ±2%
Market Depth
ETH/ USDC

$1715.521718.43$9.12 M

0.11%

$39.27 M

5.42%

$19.499 M$19.767 M
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BETH/ ETH

$1733.030.98200000$8.77 M

0.11%

$28.85 M

3.98%

$4.875 M$23.979 M
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ETH/ USDT

$1719.671718.58$59.82 M

0.72%

$26.80 M

3.7%

$14.783 M$12.021 M
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ETH/ USDT

$1720.081718.99$93.62 M

1.13%

$24.08 M

3.32%

$12.126 M$11.950 M
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ETH/ USDT

$1719.711718.62$66.47 M

0.8%

$22.95 M

3.16%

$15.908 M$7.037 M
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ETH Depth Chart

$366.64 M
$358.35 M

ETH Breakdown

About ETH

  • Coin Type

    Coin

  • Proof

    PoS
  • Hash

    Ethash
  • Total Transfers

    150,022,805

  • Holders

    731,710

  • Mineable

    No

  • Premined

    Yes

  • Inflation

  • Jurisdiction

    -

  • Hard Cap

    16,000,000 USD

  • ICO Price (USD)

    $0.31100

  • ICO Price (ETH)

    -

  • ICO Price (BTC)

    Ƀ0.0006201

  • ICO Start Date

    08/30/2014

  • ICO End Date

    08/30/2014

  • Total USD Raised

    $16,000,000

ETH Commonly asked Questions

  • What is Ethereum?

    Ethereum is a decentralized, open-source blockchain platform that facilitates the creation and execution of decentralized applications (dApps) and smart contracts. First proposed in 2013 by Vitalik Buterin, the platform's main goal is to provide a decentralized alternative to centralized systems and promote the decentralization of the internet. Ethereum has a wide range of use cases, including decentralized finance (DeFi), supply chain management, gaming, identity management, governance, and more. Ethereum's versatility has made it a leading platform in the blockchain ecosystem, supporting decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs), which have revolutionized the art and gaming industries.

    Ether (ETH), the native coin of Ethereum, is used to pay transactions and computational resource fees. Smart contracts on the Ethereum blockchain are written in a programming language called Solidity and are executed by the Ethereum Virtual Machine (EVM). Gas serves as an internal pricing mechanism to incentivize network participants to contribute computational resources for the validation of transactions and the execution of smart contracts. Smart contracts are executed automatically and transparently, providing an alternative to traditional financial systems.

    Ethereum was initially funded through a 2014 crowdsale and launched in 2015, with 11.9 million coins sold. Since its inception, Ethereum has evolved and expanded its capabilities, becoming a leading platform for decentralized applications and a key player in the decentralized ecosystem.

  • What is the Ethereum Virtual Machine (EVM)?

    The Ethereum Virtual Machine (EVM) is a software environment responsible for executing and enforcing the rules of the Ethereum protocol. It operates independently from the host computer to maintain the security and integrity of the network. The EVM is Turing complete, meaning that it is capable of executing any computation that can be expressed as an algorithm. This makes the EVM capable of executing smart contracts and facilitating the creation of decentralized applications (dApps) on the Ethereum blockchain using a stack-based architecture. It operates as a virtual machine, providing a consistent, isolated, and secure execution environment for code and maintaining a valid machine state. The EVM is critical to the reliability and stability of the Ethereum network, serving as a foundation for smart contract and dApp execution and ensuring that the specifications of the Ethereum protocol are followed consistently across the network.

  • How is the price of transactions regulated on Ethereum?

    Ethereum employs an internal pricing mechanism, referred to as gas, to regulate the cost of transactions on its network. Gas is paid for in Ether and serves as compensation for the computational resources consumed during the execution of smart contracts or transactions. The gas price is denominated in Gwei, a subunit of Ether, and users have the ability to specify the gas price they are willing to pay for a transaction, providing them with greater control over the priority and execution of their transactions.

  • What is Gas?

    Gas is an essential component of the Ethereum network, paid to validators in return for the computational effort required to perform specific operations on the Ethereum network. Gas price is denominated in Gwei, equal to one billionth of one ETH. Gas fees are required to be paid for the processing of transactions and the execution of smart contracts on the Ethereum blockchain. More complex operations, such as executing contracts with multiple instructions, typically require more gas than simple transactions like sending Ether from one address to another. If the gas limit is set too low, the transaction or contract execution may run out of gas and fail, and the user's ETH will be returned minus any gas fees already paid. If the gas limit is set too high, the user may pay more gas fees than is necessary. Gas price is determined by the market demand for Ethereum transactions and the computational effort required to execute them. Gas prices can fluctuate based on network activity, leading to longer transaction times and higher fees. Users are responsible for selecting an appropriate gas limit to ensure their transactions or smart contract executions are successful. Gas fee estimators can help determine appropriate gas fees, based on current network conditions, average gas limits and average gas fees. Users can choose to pay more gas to prioritize their transactions during times of high network congestion, however it is important to remember to keep the gas limit within your budget.

  • Who created Ethereum?

    Ethereum was created by Vitalik Buterin, a programmer and cryptocurrency enthusiast, in 2013. Buterin had been involved in the Bitcoin community since 2011 and had become interested in the idea of using blockchain technology for more than just financial transactions. While Vitalik Buterin is the most well-known figure associated with the creation of Ethereum, there were several other individuals who played important roles in the project's development. Some of the other key players include Gavin Wood, who was the co-founder and CTO of Ethereum until 2016, and who played a major role in the development of the Ethereum virtual machine (EVM), which allows smart contracts to be executed on the Ethereum network. Another important figure was Jeffrey Wilcke, who was one of the core developers of Ethereum and played a key role in the design and implementation of the Ethereum protocol. Other early contributors to Ethereum included Charles Hoskinson, who helped to design the initial governance structure for Ethereum, and Mihai Alisie, who co-founded the Ethereum Foundation with Buterin and played an important role in the early development of the project. Overall, the creation of Ethereum was a collaborative effort involving many talented individuals who were passionate about the potential of blockchain technology to transform the world of finance and beyond.

  • Who is Vitalik Buterin?

    Ethereum's inception is credited to Vitalik Buterin, an early adopter in the cryptocurrency space who has been active in the blockchain industry from its early days. Buterin pursued advanced coursework in cryptography at the University of Waterloo in Ontario, Canada. In November 2013, he published a whitepaper titled "Ethereum: A Next-Generation Smart Contract and Decentralized Application Platform." In the paper, Buterin proposed a platform that would allow developers to build decentralized applications (DApps) using smart contracts, which are self-executing computer programs that can automatically enforce the rules of a contract. In 2014, he decided to drop out of university after receiving a $100k grant from the Thiel Fellowship program, and has since dedicated himself full-time to Ethereum. Buterin's contributions have been instrumental in shaping the direction of the platform and the broader cryptocurrency landscape. His leadership and vision have been widely recognized in the industry.

  • How was Ethereum developed and funded?

    The development of the Ethereum blockchain platform was funded through a crowdsale campaign that took place online during the months of July and August in the year 2014. This crowdsale served as a means to raise funds and gather support for the growth and advancement of the Ethereum ecosystem.

  • Is Ethereum safe?

    The Ethereum network's Proof of Stake (PoS) consensus mechanism is known for its high level of security, which has been enhanced through extensive research, development, and testing over the past eight years. However, Ethereum has encountered several noteworthy security incidents in the past that have resulted in substantial financial losses for users and investors. One of the most notable incidents was the exploitation of a vulnerability in The DAO, a smart contract on the Ethereum network, in June 2016, resulting in the loss of roughly one-third of The DAO's funds, valued at approximately $50 million at the time. This led to a hard fork of the Ethereum blockchain, and the creation of Ethereum and Ethereum Classic. Security vulnerabilities were further exposed in 2017, when a series of attacks on vulnerable smart contracts led to tens of millions of dollars in losses for users and investors. These incidents included the Parity wallet hack, which resulted in the loss of over $30 million worth of ETH, and the BatchOverflow and IntegerOverflow attacks, which exploited the vulnerabilities in smart contracts to manipulate transactions and steal funds. These incidents raised significant concerns about the network's security, prompting Ethereum's developers to take measures to enhance its security and prevent similar attacks from occurring in the future. Despite these incidents, Ethereum's PoS consensus mechanism continues to provide a range of security guarantees, such as the ability to actively punish and eject malicious validators from the network, costing them substantial amounts of ETH. Attacks on Ethereum under PoS are more costly than under Proof of Work (PoW) blockchains. To control the contents of future blocks, at least 51% of the total staked ETH is required, and to rewrite history, over 66% of the total stake is needed. The Ethereum protocol would destroy assets in the 33% or 51% attack scenarios and by social consensus in the 66% attack scenario. Ethereum prioritizes privacy, transparency, and security, utilizing measures such as public-key cryptography and advanced encryption techniques to safeguard user data and enhance its security. The network's developers have also taken steps to enhance its security, such as implementing formal verification techniques, and enhancing the security of the Ethereum Virtual Machine (EVM). As a result, it has established a reputation as a trustworthy and secure blockchain platform for building decentralized applications and smart contracts.

What is ETH

Ethereum is a decentralized blockchain platform that facilitates the development and implementation of decentralized applications (DApps) and smart contracts, with the ultimate goal of offering an alternative to centralized systems. Transaction fees are paid for using Ether (ETH), the platform's native coin, while the cost of transactions is regulated using an internal pricing mechanism called gas. The Ethereum Virtual Machine (EVM) provides a secure, isolated, and uniform environment for executing smart contracts and enforcing the rules of the Ethereum protocol. Enabled by Ethereum, Web3 has a broad range of use cases, including the creation of DeFi protocols, peer-to-peer marketplaces, non-fungible token (NFT) exchange platforms, decentralized social networks, and decentralized autonomous organizations (DAOs). The Ethereum blockchain was first proposed in 2013 by Vitalik Buterin, and its development was funded through an online crowdsale in July-August 2014. Ethereum was launched on July 30, 2015, with 11.9 million coins sold during the crowdsale, accounting for approximately 13 percent of the circulating supply. Ethereum underwent a hard fork in 2016 that resulted in two separate chains, Ethereum (ETH) and Ethereum Classic (ETC). In 2022, Ethereum transitioned from the energy-intensive Proof of Work (PoW) consensus mechanism to the more secure and energy-efficient Proof of Stake (PoS) mechanism. The Eth2 Merge took place on September 15, 2022. merging the original Proof of Work chain with the Beacon Chain, creating a unified PoS network. During its PoW phase, the Ethereum network used Ethash as its hashing algorithm. Ethash is a modified version of the Dagger-Hashimoto algorithm, and was designed to be memory-hard to prevent the use of ASICs and increase mining decentralization. However, the Ethash algorithm was criticized for its high energy consumption and its reliance on GPU mining, which can lead to centralization. After transitioning to PoS, Ethereum no longer uses Ethash. Ethereum's PoS mechanism is known as "Gasper," and it defines how validators propose blocks, how and when attestations are made, and slashing conditions. Gasper is a combination of Casper the Friendly Finality Gadget (Casper-FFG) and the LMD-GHOST fork choice algorithm. Gasper is responsible for upgrading certain blocks to "finalized" so that new participants in the network can be confident that they are syncing the canonical chain. Finality refers to the state where a block on the blockchain cannot be reverted or changed without a consensus failure or a significant attack on the staked ether. Once a block is finalized, it is considered permanent information on the blockchain. The finality of a block on Ethereum is achieved through a two-step upgrade procedure that helps to ensure its certainty and validity. To become a validator on the Ethereum network, users are required to stake 32 ETH to activate the validator software. Once activated, the validator node will become responsible for tasks such as storing data, processing transactions, and adding new blocks to the blockchain.

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