Today's Ethereum Market Data
- Current Price: $2,576.74 USD
- 24h Trading Volume: $18.18 Billion
- 24h Price Change: +0.00%
- Circulating Supply: 120.72 Million ETH
What Is Ethereum?
Ethereum is an open-source software platform powered by its native digital currency, Ether (ETH). It enables the creation of smart contracts and decentralized applications (DApps) without downtime, fraud, or third-party interference.
Key features:
- Turing-complete programming language
- Built on blockchain technology
- Second-most popular cryptocurrency globally
- Most widely used blockchain for DApp development
👉 Discover how Ethereum compares to other top cryptocurrencies
Brief History of Ethereum
- 2013: Conceptualized by Vitalik Buterin in a whitepaper
- 2014: Raised $18.3M BTC in initial funding
- 2015: Official launch of Ethereum blockchain
- 2022: Transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) via "The Merge" upgrade
How Ethereum Works
Ethereum pioneered smart contract functionality on blockchain:
- Users agree to programmable contract terms
- Transactions execute automatically without intermediaries
- Network fees (gas) paid in ETH
- Supports ERC-20 tokens and other crypto assets
Major components:
- EVM: Ethereum Virtual Machine
- Gas: Transaction fee mechanism
- Nodes: Network validators
Ethereum Use Cases
ETH serves multiple purposes:
- Network Fuel: Pays for transactions and smart contract execution
- DApp Platform: Hosts decentralized applications
- Token Creation: Enables new crypto assets via ERC-20 standard
- Emerging Sectors: Powers DeFi, NFTs, play-to-earn games, and more
👉 Explore Ethereum's real-world applications
FAQ Section
What makes Ethereum different from Bitcoin?
While both use blockchain, Ethereum enables programmable contracts and applications beyond just financial transactions.
How can I buy ETH?
Purchase through:
- Cryptocurrency exchanges
- Peer-to-peer platforms
- Crypto ATMs (where available)
Is Ethereum a good investment?
Consider:
- Market volatility
- Technological adoption
- Your risk tolerance
Always do your own research.
What determines Ethereum's price?
Key factors:
- Supply/demand dynamics
- Network upgrades
- Overall crypto market trends
- Real-world utility adoption
How do Ethereum gas fees work?
Fees:
- Paid in ETH
- Vary by network congestion
- Used to prioritize transactions
What's the future of Ethereum?
Ongoing developments:
- Scalability solutions
- Layer 2 networks
- Enterprise adoption
- Web3 integration