Ethereum (ETH) current price is $163.58 with a marketcap of $17.18 B. Its price is 11.16% up in last 24 hours.
- Ethereum (ETH)
- Live Price $163.58
- 24h % 11.16%
- Market Cap$17.18 B
- Volume$5.66 B
- Available Supply104.98 M ETH
More Info About Coin
Ethereum is a decentralized platform (distributed network) with an open source code based on the blockchain with the possibility to use smart contracts. A smart contract is an electronic protocol written by using a computer code. Its purpose is to transfer information and to enforce contract terms by both parties.
Ethereum technology allows you to register any transactions with any assets on the basis of a distributed network of smart contracts, without resorting to traditional legal procedures.
A contract is automatically executed when a predetermined condition is reached, which must have a specific mathematical expression. This allows users to create markets, to keep registers of debts or pledges, to transfer funds in accordance with the instructions laid down in the smart contract in the past, without intermediaries and counterparties.
The concept of a single decentralized virtual machine was proposed by Vitaliy Buterin, the Russian-Canadian programmer, in 2013. The network has been operating since June 30, 2015, after a crowdsfunding campaign, which raised $ 18,439 million.
In 2016 the Ethereum array was divided into two blocks, as a result of which there appeared a crypto currency Ethereum Classic.