Mar 21, 2018 - 10:59:13 AM UTC
Value and price movement of ETH is different in USD and BTC markets.
Price has moved 9.09% (USD) or 2.16% (BTC) in the last 24h.
Market Cap Rank: 2. of 1000+
Ethereum trading volume was 1,867,530,000 USD in the last 24h with circulating supply of 98,323,113 ETH.
Ethereum (ETH) Price graph
Ethereum (ETH) price in fiat
About Ethereum (ETH)
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
Just Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.
Closing in on the original digital currency bitcoin, it has swiftly become the second most valuable of the new payment methods and was first described by a 19-year-old bitcoin programmer Vitalik Buterin in 2013.
As the second-biggest cryptocurrency after bitcoin, ethereum has inevitably drawn comparisons to it. Its rapid rise has also led to claims of a bubble. But advocates say ethereum has several advantages over bitcoin that make it more useful.
Bitcoin’s appeal lies in money that is not controlled by any one party and does not have to run through a central server, but ethereum allows not just money, but all sorts of other things to run on the network. If you store files on a cloud storage service like Dropbox, you are trusting Dropbox to take care of it, but on a decentralised storage network you are putting your faith in others who are using it and have an interest in maintaining it.
There there is already a large list of apps that are being built on Ethereum,and the network is also being used by start-ups to raise money with initial coin offerings, which exchange ether or other currencies for special “tokens” that grant access to a service.