ETH Specifications

Type

COIN

Algorithm

Ethash

Protocol

POW

Start Date

24/07/2014

Max Supply

Circ. Supply

120,500,690

Website

Explorer

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Info

Ethereum (ETH) is a pioneering blockchain platform that introduced smart contracts, enabling decentralized applications (dApps) and innovative services. ETH, the network's native token, powers transactions and swaps in decentralized finance (DeFi) while serving as a medium of exchange within blockchain ecosystems. Its dual role as a development platform and cryptocurrency has established Ethereum as a cornerstone of the blockchain industry.

Market Impact

Ethereum has revolutionized blockchain technology, powering decentralized finance (DeFi), non-fungible tokens (NFTs), and numerous dApps. It supports decentralized exchanges that facilitate secure trading of assets and token swaps across protocols. As the foundation for many blockchain innovations, Ethereum has become indispensable in sectors like finance, gaming, and digital art, driving mass adoption.

History

Ethereum was created in 2013 by Vitalik Buterin and officially launched in 2015 after a successful crowdfunding campaign. It pioneered smart contract technology, transforming blockchain use cases beyond currency. In 2022, Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS) through the Merge upgrade, enhancing scalability and energy efficiency. This innovation solidified Ethereum as the backbone of DeFi, NFTs, and decentralized exchanges.

Features

Smart Contract Innovator
Ethereum's smart contracts allow developers to create decentralized applications that execute automatically without intermediaries, streamlining complex processes.
Energy-Efficient Network
The transition to Proof of Stake has significantly reduced Ethereum's energy consumption, making it more environmentally friendly and scalable for global use.
DeFi and NFT Leader
Ethereum hosts most DeFi protocols and NFT platforms, enabling activities like token swaps, lending, and trading digital collectibles with ease.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.