Ethereum (ETH) – Crypto price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Ethereum is a decentralised blockchain platform that supports smart contracts and digital applications. It functions as a cryptocurrency and method for hosting contracts and agreements on a secure ledger.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Created in 2015, Ethereum was developed as a blockchain platform rather than a pure medium of exchange. Although it is traded as a cryptocurrency, the scope of the Ethereum project is larger. The project introduced programmable blockchain technology, creating a new infrastructure for digital financial applications and ‘smart contracts’. These are customisable agreements, designed to be automatically executed, and can be signed and hosted on Ethereum’s blockchain ledger.
The Ethereum blockchain has no connection to Bitcoin, and its native cryptocurrency, Ether (often called Ethereum by traders, but technically different), is used to pay for network transactions. In 2022, Ethereum transitioned from proof-of-work to proof-of-stake, reducing its energy consumption. Excluding controversial ‘stablecoins’, Ethereum has consistently maintained its position as the second most-traded cryptocurrency, after Bitcoin.
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