ETH Price $204.38 Change (24H) -1.60% Volume (24H) $1.32B Market Cap $20.98B

Ethereum (ETH) Price, Stats & News

Ethereum Summary

Ethereum is a general computing cryptocurrency used to create and enforce smart contracts without the need for a trusted third-party. It uses the Ether token, not as a unit of transactional value, like Bitcoin, but to incentivize app creators and miners on the network.

In 2014, Vitalik Buterin received $18 million in Bitcoin to kick off the creation of the Ethereum network and since then, entrepreneurs and developers have been building new and innovative ways to use the network to move control of data back into the hands of internet users.

Ethereum is mined using the Ethash algorithm, a variant of Dagger-Hashimoto. Unlike Bitcoin, the total amount of Ether is not capped at a fixed number. Instead, the amount of Ether created is based on the security needs of the Ethereum network.

Technical Stats

Supply -
Genesis Date July 30, 2015 (over 2 years)
Hashing Algoritm Ethash
Block Time 0.2 Minute
Hashrate N/A

Ethereum News

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