Ethereum is a decentralized, open-source blockchain system featuring its own cryptocurrency, Ether (ETH). It's the second-largest cryptocurrency by market capitalization and enables smart contracts, decentralized finance (DeFi), and decentralized applications (DApps).
Key Features:
- Smart Contracts: Self-executing contracts with terms written directly into code, allowing for decentralized and autonomous execution.
- Decentralized Finance (DeFi): Provides financial instruments and services without central authority control, such as lending, borrowing, and trading.
- Decentralized Applications (DApps): Enables developers to build applications on the Ethereum blockchain, utilizing smart contracts and decentralized data storage.
- Non-Fungible Tokens (NFTs): Unique digital assets representing art, collectibles, and other items, stored and traded on the Ethereum blockchain ¹ ² ³.
Ethereum's History:
- Founded in 2013 by Vitalik Buterin, Gavin Wood, and others
- Initial coin offering (ICO) in 2014 raised $18.3 million
- Launched on July 30, 2015, with the "Frontier" prototype
- Transitioned to Proof-of-Stake (PoS) consensus mechanism in September 2022, reducing energy consumption by 99%
Current Price and Market Data:
- Current price: $1,809.89 (according to CoinMarketCap) or $1,827.47 (according to Binance)
- Market capitalization: $218.46 billion (CoinMarketCap) or $220.64 billion (Binance)
- 24-hour trading volume: $11.74 billion (CoinMarketCap) or $8.39 billion (Binance) ² ³ #ETH🔥🔥🔥🔥🔥🔥 #Ethereum please trading in #Ethereum really now week rate $ETH 2000$ETH