Ethereum Overview
Ethereum is a decentralized blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network.
Key Features
- Smart Contract Functionality:-) Ethereum's smart contracts allow for the automation of various processes, enabling the creation of decentralized applications and tokens.
- Decentralized Finance (DeFi):-) Ethereum is the foundation for various DeFi applications, providing financial instruments that don't rely on traditional financial intermediaries.
- Non-Fungible Tokens (NFTs):-) Ethereum's blockchain has enabled the creation and exchange of NFTs, which are unique digital assets tied to specific items or artwork.
- Current Price:-) ETH is trading around $2,768.80 USD, with a 24-hour trading volume of approximately $35.52 billion.
- *Market Capitalization*: Ethereum's market cap is around $334.26 billion USD, ranking it as the second-largest cryptocurrency by market capitalization.
- Recent Performance:-) ETH has risen by 7.52% over the last week and 10.90% over the past month .
- Decentralized Applications:-) Developers can build dApps on the Ethereum network, leveraging its smart contract functionality.
- Transaction Fees:-) ETH is used to pay for transaction fees and computational services on the network.
- Staking:-) ETH holders can participate in staking, which helps secure the network and validate transactions.
Buying and Trading Ethereum
- Exchanges:-) ETH can be bought and traded on various cryptocurrency exchanges, including Binance, OKX, and Coinbase.
- Trading Volume:-) The daily trading volume of Ethereum is around $35.52 billion USD .
