Ethereum Details

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Ethereum

Ethereum

A decentralized computing platform

About Ethereum

Like Bitcoin, Ethereum is a blockchain platform—a database distributed among many computers and servers that tracks and secures transactions. The native token of the Ethereum blockchain is the Ether, named after a medieval term for the substance of space. Ether is the second largest cryptocurrency in the world, behind Bitcoin, and is rapidly growing in influence.

Benefits

You may notice that many tokens and services operate over the Ethereum blockchain. This is because, unlike Bitcoin, Ethereum is specifically designed for people to build applications on top of it. Cofounder Vitalik Buterin has described it as a blockchain with its own programming language attached. Many people consider this a powerful base for decentralized finance, or DeFi, which is the idea that mortgages, loans, and other traditional finance products can operate over the internet, with code and networks providing oversight in lieu of a central authority.

Like Bitcoin, Ethereum benefits from size and popularity. Many Non-Fungible Tokens (NFTs), which are digital ownership certificates for things like art and music, use Ethereum, and have increased the popularity of Ether so much that traffic and slowdowns have appeared in transaction times. A comprehensive upgrade, known as Ethereum 2.0, is in the works.

Ethereum News

Markets Recap: Stocks Trade Sideways Amid Mixed Bank Earnings

“Bottom line: This does not fit the ‘beat and raise’ narrative investors have for banks in 2022,” said UBS analyst Erika Najarian

BlockworksPublished January 14, 2022

North Korean hackers are sitting on $170 million worth of unlaundered crypto 

Cybercriminals for the Democratic People’s Republic of Korea (DPRK) affirmed themselves as an advanced persistent threat to the cryptocurrency industry in 2021, Chainalysis reported.

CryptoSlatePublished January 14, 2022

Market Recap: Bitcoin Slides as Interest Rate Increase Looms

The increase in jobless claims and the Fed's looming rate hikes have put pressure on both traditional and crypto markets

BlockworksPublished January 13, 2022

Gap Releases First Line of NFTs on Tezos Blockchain

The company dropped a non-fungible token collection, joining a laundry list of fashion giants such as Adidas, Macy’s and Dolce & Gabbana

BlockworksPublished January 13, 2022

Current price:$3,223.11

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Ethereum Details

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ETH

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