Ethereum (ETH)

Ethereum Live Price

$2,554.55 USD
March 15, 2022, 2:18 am UTC Add to Watchlist Create Price Alert

What is Ethereum?

Ethereum or ETH is Bitcoin's first alternative that uses a software platform, allowing decentralized phone apps (dapps) and smart contracts. This setup allows the system to run without third-party interference, downtime, or fraud control. Creating ETH meant granting free access to this token for people of all ethnicities, nationalities, or faith. The cryptocurrency used for ETH is called Ether. This token has a market cap of almost $300 billion, making it the second-largest digital currency. In the quest to going beyond bitcoin, the Ethereum software was developed to promote its use on wider applications for developers and users. Ethereum launched in 2015 as a proof-of-work (more mining means more rewards) algorithm, although it is looking to change to a proof-of-stake consensus in 2021 to lessen energy expenditure and improve transaction speeds. Proof-of-stake enables participants to share their Ether into the network and receives additional Ether much like an interest account. ETH's smart contracts are they key in facilitating value exchange. Experts are adamant that Ether will grow to take over the world's best cryptocurrencies list, seeing its quick growth in the market. The token supply is not capped, with market capitalization of around $138.3 billion at the start of 2021.

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How much is Ethereum worth?

Ethereum (ETH) is worth 2,554.55 USD as of March 15, 2022, 2:18 am UTC time. View the interactive graph to see how much Ethereum has changed in the last hour or historically. Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or "gas"). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.

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