Ethereum (ETH) is currently trading at around $2,741.43, with an increase of 8.2% compared to the previous price. The market capitalization of Ethereum is approximately $331,407,298,484, with a circulating supply of 120 million tokens.
*Price Details*
- Current price: $2,741.43
- 24-hour change: 8.2%
- 7-day change: 5%
- All-time high: $4,878.26
- All-time low: $0.4330
*What is Ethereum?*
Ethereum is a decentralized blockchain network that allows the creation of decentralized applications (dApps) through smart contracts. It is the first blockchain to feature smart contracts and has the largest ecosystem of decentralized applications.
*Features*
- *Smart Contracts*: Allows the automatic execution of actions when certain conditions are met.
- *ERC-20 Tokens*: Can be used to create custom tokens for decentralized applications.
- *Gas Fees*: Transaction fees are paid in ETH.
*Use of ETH*
- Payment of transaction fees on the Ethereum network
- Trading on cryptocurrency exchanges
- Used as collateral to obtain loans
The Ethereum network is constantly evolving, with updates such as the transition to Proof-of-Stake (PoS) and the implementation of layer 2 solutions to improve scalability and reduce fees.
