Ethereum ETH Overview
Current Price: $2,579.11
24h Change: +6.40%
What Is Ethereum (ETH)?
Ethereum (ETH) is the native cryptocurrency of the Ethereum network, powering smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced programmable blockchain technology, enabling developers to build self-executing applications. Its interoperability with Layer 2 solutions and cross-chain bridges enhances liquidity and usability across the crypto ecosystem.
Key Metrics (24h)
- Market Cap: $311.34B
- Low/High: $2,384.42 / $2,587.73
Why Ethereum Stands Out
- Smart Contracts & dApps: Beyond currency, Ethereum serves as a platform for decentralized applications that automate transactions securely.
- ERC-20 Standard: Facilitates custom token creation for governance and fee payments.
- EIP-1559 & Deflation: Burns a portion of transaction fees, reducing ETH supply during high activity—potentially making it deflationary.
- Proof-of-Stake (PoS): Energy-efficient consensus mechanism post-2022 Merge, distinguishing Ethereum from Proof-of-Work (PoW) blockchains like Bitcoin.
👉 Explore Ethereum's latest upgrades
Ethereum vs. Bitcoin: Key Differences
| Feature | Ethereum | Bitcoin |
|---|---|---|
| Primary Use | Smart contracts, dApps, DeFi, NFTs | Digital gold, value storage |
| Supply | No hard cap (deflationary via EIP-1559) | Fixed 21M supply |
| Consensus | PoS (energy-efficient) | PoW (high energy use) |
| Flexibility | Frequent updates (e.g., Dencun upgrade) | Focused on stability & security |
How to Buy & Store Ethereum Safely
Buying ETH
- Exchanges: Purchase ETH via platforms like Cryptomus using debit/credit cards or P2P services.
Steps:
- Create an account and complete KYC.
- Enable 2FA and set a PIN.
- Select "Fiat" payment and enter desired amount.
Storage Solutions
- Hot Wallets: User-friendly options like Cryptomus Wallet (with 2FA and AML checks).
- Cold Wallets: Hardware wallets for maximum security.
Ethereum FAQs
1. What is Ethereum’s all-time high (ATH)?
ATH: $4,891.70 (November 2021). **ATL:** $0.4209 (October 2015).
2. How does Ethereum’s PoS work?
Validators stake ETH to propose/blocks and earn rewards, replacing energy-intensive mining.
3. What is Gas?
Gas fees compensate for computational resources used in transactions.
4. Can I stake Ethereum?
Yes! Stake ETH to earn rewards (~3-5% APY) post-Merge.
5. Why is Ethereum called "programmable money"?
Its smart contracts enable automated, trustless agreements (e.g., DeFi loans, NFT sales).
Top Trending Cryptocurrencies (24h %)
| Coin | Price Change |
|------------|--------------|
| Bitcoin | +3.2% |
| Solana | +8.5% |
| Cardano | +4.1% |
Maximize Your Crypto Experience
- Join Communities: Engage with crypto enthusiasts on Telegram for updates.
- Staking: Earn passive income (e.g., TRX staking at 20% APY).
- AML Checks: Secure transactions with Cryptomus’ AML tools.
Prices and data are real-time as of the last update. Always DYOR.