Today's Ethereum Price Summary
Ethereum's price today is $1,591.77 USD, with a 24-hour trading volume of $2,763,090,805 USD. ETH
is up 0.01% in the last 24 hours. Ethereum is currently ranked #2 with a
market capitalization of $191,497,909,143 USD.
Ethereum (ETH) is a decentralized computing platform and distributed ledger technology that enables the development, execution, and management of smart contracts and decentralized applications (Dapps).
The Ethereum network was founded in 2015 by Vitalik Buterin, a Russian-Canadian programmer, and Gavin Wood. At the time, blockchain technology and cryptocurrencies were still relatively new concepts. Buterin saw the potential for Ethereum to leverage this technology to create a platform with more uses than just digital currency. Through his work on creating a platform specifically designed for decentralized applications and smart contracts, Ethereum quickly grew in popularity.
Unlike Bitcoin, which is primarily used as a digital currency, Ethereum's blockchain technology supports a variety of tasks, such as exchanging money or property, managing data, controlling digital assets and identity, and enabling users to handle complex financial transactions. Thanks to its robust technology, Ethereum has become one of the most popular cryptocurrencies. With its promise for further growth and development, Ethereum could very well revolutionize the way we use digital data and manage financial transactions in the future.
Ethereum is making a major shift to Ethereum 2.0, an upgraded version of the Ethereum blockchain that uses a proof-of-stake consensus model. This upgrade is meant to improve the speed, efficiency, and scalability of the network. The move to Ethereum 2.0 marks a significant change in the network's consensus algorithm, as it will no longer use an energy-intensive proof-of-work algorithm. Instead, users can stake their Ether tokens to validate transactions and earn rewards for doing so.
The successful development of Ethereum can largely be attributed to Vitalik Buterin's vision that saw beyond just digital currency when he created it with Gavin Wood. It is no surprise that people are increasingly looking to learn more about what is Ethereum, how it works, and its potential applications.
What type of cryptocurrency is Ethereum?
The ETH token on the Ethereum network is classified as a type of Currency.
What is Ethereum All-Time High price (ATH)?
On November 10th, 2021 02:24:19 PM, Ethereum hit a historic high of $4,878.26 USD.
It has been about 1 year ago since Ethereum reached its peak.
What is Ethereum All-Time Low price (ATL)?
On October 20th, 2015 12:00:00 AM, Ethereum reached a bottoming price of $0.4329790000 USD.
About 7 years ago has passed Ethereum has seen such a low price.