- Charts
- Historical Data
- Markets
- Social
- News
- Comments
- Zoom
- Hour
- Day
- Week
- Month
- Year
- All Time
- Type
- Line Chart
- Candlestick
Date | Open | Close | High | Low | Volume |
---|
# | Source | Pair | Volume | Price | Change | Updated |
---|
- r/ethereum
- Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govtCointelegraph.com News – 4 hours agoCrypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Crypto firms were…
- DeFi lending giant Aave unveils V4 protocol overhaulCointelegraph.com News – 5 hours agoAave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Aave Labs, the firm behind the…
- Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average costCointelegraph.com News – 6 hours agoBitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin (BTC)…
- BlackRock Bitcoin ETF sees first outflow day amid record ETF bleedCointelegraph.com News – 6 hours agoBlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.…
- US probes Jack Dorsey’s Block, Inc. over financial transactions: ReportCointelegraph.com News – 6 hours agoU.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.…
What is Ethereum?
Ethereum is a decentralized operating system. The platform introduced, in practice, the concept of “decentralized applications”. Its founder, Vitalik Buterin, has been engaged in the development of blockchain and Bitcoin since its inception.
Today, several cryptocurrencies are issued in ICOs using Ethereum. These tokens are called ERC-20, and they are the foundation for running scripts in the Ethereum Virtual Machine. Through the development of “smart contracts”, Ethereum made it possible to sign tokens that have a specific function besides being a medium of exchange and broadened the capabilities of blockchain “transactions”.
Its key cryptocurrency is the Ether, which is usually used for payments in smart contracts or dApps. In addition, Ethereum is also fueled with GAS, a cryptocurrency associated with operations that require some kind of computation from its nodes. The GAS price is proportional to the type of the computational power required execute a task. Therefore, a fee in GAS is included to pay for the nodes running or authenticating a transaction.
Originally, Ethereum used proof-of-work to reach consensus. The Casper protocol, however, gradually shifted Ethereum consensus from PoW to a custom proof-of-stake protocol.