$ETH Ethereum (ETH) is a decentralized, open-source blockchain system with its own cryptocurrency, Ether. It's a global digital currency that lets you be your own bank, giving you control over your funds with proof of ownership. Here are some key aspects of Ethereum ¹:
*Key Features:*
- *Decentralized*: Ethereum operates without a central authority, allowing peer-to-peer transactions without banks.
- *Smart Contracts*: Ethereum features smart contracts, which enable decentralized applications (dApps) and decentralized finance (DeFi) platforms.
- *Programmable*: Developers can build self-executing decentralized applications (dApps) using smart contracts.
- *Divisible*: ETH is divisible up to 18 decimal places, allowing you to buy fractions of it.
*Current Market Performance:*
- *Price*: Ethereum's current price is around $1,771.24, with a 24-hour trading volume of approximately $13.5 billion.
- *Market Capitalization*: Ethereum's market cap is around $213.82 billion.
- *Circulating Supply*: The circulating supply of Ethereum is approximately 120.71 million ETH ².
*Uses for ETH:*
- *Collateral*: ETH can be used as collateral to generate different cryptocurrency tokens on Ethereum.
- *Lending and Borrowing*: You can borrow, lend, and earn interest on ETH and ETH-backed tokens.
- *Stream Payments*: ETH enables real-time streaming of payments.
- *Token Swapping*: You can trade ETH with other tokens, including Bitcoin ¹.
