Ethereum Overview
$2,551.58 (-1.99% in 24h)
Market Cap: $308.02B
24h Range: $2,530.10 - $2,635.28
Ethereum (ETH) is the native cryptocurrency of the Ethereum network, powering smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced programmable blockchain technology, enabling developers to build self-executing applications. Its interoperability with Layer 2 scaling solutions and cross-chain bridges has significantly enhanced liquidity and utility across the crypto ecosystem.
Key Features of Ethereum
- Smart Contracts: Self-executing agreements with coded terms.
- ERC-20 Standard: Facilitates token creation for governance and fee payments.
- EIP-1559 Upgrade: Introduced a deflationary mechanism by burning transaction fees.
- Proof-of-Stake (PoS): Energy-efficient consensus model post-2022 Merge.
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Ethereum vs. Bitcoin: Core Differences
| Factor | Ethereum | Bitcoin |
|---|---|---|
| Primary Use Case | dApps & smart contracts | Digital gold/store of value |
| Consensus Mechanism | PoS (energy-efficient) | PoW (higher energy use) |
| Supply Cap | No hard cap (controlled via EIP-1559) | Fixed 21 million coins |
| Flexibility | Regular protocol upgrades | Focused on stability |
How to Buy Ethereum Safely
Step-by-Step Guide:
- Choose a Platform: Use reputable exchanges like Cryptomus for fiat onboarding.
- Account Setup: Complete KYC/AML verification and enable 2FA.
- Payment Methods: Purchase ETH via debit/credit card or P2P trading.
- Storage: Transfer to a secure wallet (e.g., Cryptomus Wallet with PIN/2FA).
Pro Tip: Always verify network compatibility (ERC-20 vs. others) before transactions.
Ethereum Staking (Post-Merge)
With the transition to PoS:
- Mining discontinued: Replaced by staking ETH to validate transactions.
- Rewards: Earn passive income by locking ETH in the network (~4-6% APY).
FAQ
What is Ethereum’s all-time high (ATH)?
$4,891.70 (November 2021).
How does Gas work on Ethereum?
Gas fees compensate miners for computational resources used in transactions.
Why is Ethereum considered "programmable money"?
Its blockchain supports Turing-complete smart contracts for diverse applications beyond payments.
Can I still mine Ethereum?
No—since the Merge, Ethereum relies solely on staking for consensus.
Top Trending Cryptocurrencies (24h %)
| Coin | Price Change |
|----------------|------------------|
| Bitcoin (BTC) | +0.8% |
| Solana (SOL) | -3.2% |
| Cardano (ADA) | +1.5% |
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About Cryptomus Services
- TRX Staking: Earn up to 20% annual interest.
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