What is Ethereum?
Ethereum is a decentralized blockchain platform with smart contract functionality, launched on July 30, 2015. It allows developers to build and run decentralized applications (dApps) without the need for third-party intermediaries. Ether (ETH) is the platform’s native cryptocurrency, used to pay for transaction fees and computational services.
Whitepaper: ethereum
How does Ethereum work?
Ethereum uses a Proof-of-Stake (PoS) consensus mechanism, where validators are selected based on the amount of ETH they stake as collateral. This mechanism validates transactions and secures the network in an energy-efficient way. Developers can write smart contracts in programming languages like Solidity, which are executed on the Ethereum Virtual Machine (EVM).
The token
Ticker: ETH
Category: Platform Token
Blockchain: Ethereum
Protocol: Proof-of-Stake (PoS)
Year of launch: 2015
The technology behind Ethereum
Ethereum is designed as a programmable blockchain platform that enables the development of dApps. The Ethereum Virtual Machine (EVM) executes smart contracts, allowing developers to create decentralized applications that run autonomously. With the transition to PoS—known as “The Merge”—Ethereum significantly reduced its energy consumption and improved scalability.
The Ethereum ecosystem
The Ethereum ecosystem is vast and includes thousands of dApps ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs) and supply chain management. Ethereum has a vibrant community of developers, users, and businesses contributing to the platform’s growth and adoption.
Who founded Ethereum?
Ethereum was proposed in 2013 by programmer Vitalik Buterin and officially launched in 2015. Buterin collaborated with co-founders including Gavin Wood and Joseph Lubin to develop the platform.
Price at this moment
24h ago
€1,741.56
The value of Ethereum 24 hours ago
24h highest price
€1,777.84
The highest value of Ethereum the last 24 hours
24h lowest price
€1,642.38
The lowest value of Ethereum the last 24 hours
24h difference
-€70.86
The value in which Ethereum has dropped or increased the last 24 hours
Impact on the environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://www.lcx.com/eth-mica-white-paper/
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Ethereum (ETH), are volatile and involve risks. The value of ETH can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here: https://btcdirect.eu/de-at/disclaimer