What is Ethereum (ETH)?
Ethereum is a blockchain based, open source computing platform and is the source of the cryptocurrency called Ether. It supports a modified version of Nakamoto consensus via transaction based state transitions. Along with Bitcoin, Ethereum is considered to be one of the pioneer platforms in distributed ledger and blockchain technology. Ether can be transferred between accounts and used to compensate participants mining nodes for computations performed.
Ethereum (ETH): History
Ethereum was initially described by Vitalik Buterin in late 2013 as a result of his research and work in the Bitcoin community. Then he published the Ethereum White paper, in which he describes in detail the technical design and rationale for the Ethereum protocol and smart contracts architecture. Ethereum was formally announced by Vitalik in January 2014. Ethereum introduced two concepts called Ethereum Virtual Machine (EVM) and Smart Contracts.
How Does Ethereum (ETH) Work?
Ether is a cryptocurrency which works almost in the same way as other cryptocurrencies like Bitcoin. It is a peer-peer cryptocurrency without any central repository or government administration. Thus, any transaction between two Ethereum wallets is done directly, with only the miner(s) getting involved in keeping a record of the transaction. In the Ethereum network, the nodes store the most recent ‘state’ (information on each user’s balance, their smart contacts and where it is all stored) along with all the transaction details.
How to Buy Ethereum (ETH)?
First, you need to set an Ethereum wallet to store your coins safe. You can use MyEtherwallet for storing your Ethereum coins which can store any coin on the Ethereum blockchain, including Ethereum. Then buy Ethereum either by using Coinbase or CEX.IO.
Ethereum (ETH) Price Prediction 2018
ETH can be a profitable investment option. Ethereum price equal to 839.625 USD at 2018-02-05. If you buy Ethereum for 100 dollars today, you will get a total of 0.119 ETH. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 6231.638 US Dollars. With a 5-year investment, the revenue is expected to be around +642.19%. Your current $100 investment may be up to $742.19 in 2022. Ethereum (ETH) price today is $847.74 and have the current supply of 97,420,195 ETH. The market cap value is $82,587,386,081, and the volume is marked as $3,218,100,000. Ethereum (ETH) price today, Ethereum (ETH) where to buy, Ethereum (ETH) price chart, Ethereum (ETH) history, Ethereum (ETH) market cap, Ethereum (ETH) exchanges, Ethereum (ETH) mining, Ethereum (ETH) mining software.