Ethereum  ETH Price & Markets

$3,685.01

-3.38% (24H)
Low $3,611.31
High $3,758.71
  • Market Cap $442.75 B
  • Volume $17.94 B
  • Available Supply 120.15 M ETH

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Ethereum(ETH) current price is $3,685.01 with a marketcap of $442.75 B. Its price is -3.38% down in last 24 hours.

About Ethereum

Ethereum is a type of blockchain-based distributed computing platform, often referred to as a ‘smart contract platform’. It was first proposed in 2013 by its founder Vitalik Buterin and officially released in 2015. Ethereum has its own cryptocurrency token called Ether (ETH), which is used to pay transaction fees and services on the network.

Ethereum's blockchain records all information related to transactions, smart contracts, applications, etc., on a public ledger that can be accessed by anyone with an internet connection–but there are some differences when compared with other blockchains like Bitcoin.

Ethereum allows developers to create and deploy programs known as 'smart contracts'. These contracts can execute different functions or tasks based on data inputs or predetermined rules without requiring any manual labour or intervention from third parties such as governments or banks. This makes it much more efficient than traditional systems that require multiple entities for the execution of complicated processes.

Additionally, Ethereum also provides various innovative features such as hard forks that allow users to make changes in their code if necessary and keep using the blockchain without needing consensus from all nodes connected to the network. This makes it much easier for developers and users alike to update their applications according to changing needs while still benefiting from secure distributed ledger technology features such as security against data breaches, counterfeiting protection, censorship resistance etc...

All these properties make Ethereum one of the most widely adopted public blockchains today!

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