Ethereum (ETH)
Rank #2
Market snapshot
- Price
- $2,256.69
- Market cap
- $272.3B
- 24h volume
- $29.8B
- Circulating supply
- 120,681,917.1175
- Total supply
- 120,681,917.1175
- Max supply
- N/A
What is Ethereum?
Ethereum is a cryptocurrency that facilitates the creation and execution of smart contracts and decentralized applications (dApps). It operates on a blockchain network, allowing developers to build and deploy applications that run on its platform.
How Ethereum works
Ethereum operates on a peer-to-peer network where transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Users can send and receive ETH, the native currency, while developers can create smart contracts that execute automatically when predetermined conditions are met. The network is designed to be decentralized, meaning no single entity controls it, and transactions are immutable once recorded on the blockchain.
Key information
- Symbol
- ETH
- CMC rank
- #2
- Network / platforms
Ethereum, Anubis, Arbitrum, Avalanche C-Chain
- Categories
- Proof of stake
- Date added
- Aug 7, 2015
Token contracts on other networks
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Anubis
0xCA326ae4fE47d07e7D20421170DADAcD92eD694CAvalanche C-Chain
0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15BNB Smart Chain (BEP20)
0x2170ed0880ac9a755fd29b2688956bd959f933f8
Key characteristics
Ethereum is categorized under the ethereum-ecosystem, smart-contracts, and proof-of-stake tags by CoinMarketCap. It is an open-source platform, allowing anyone to participate in its development and use its features. The Ethereum network supports a wide range of decentralized applications and has developer community.
Documented uses
Business use cases, institutional resources, and how Ethereum can serve organizations are documented on its official website.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Ethereum?
- Ethereum (ETH) is a cryptocurrency that facilitates smart contracts and decentralized applications.
- How does Ethereum work?
- Ethereum operates on a peer-to-peer network where transactions are verified and recorded on a public ledger called the blockchain.
- What are the key technical characteristics of Ethereum?
- Ethereum is an open-source platform that supports smart contracts and decentralized applications, categorized under the ethereum-ecosystem and smart-contracts tags.
- What are the risks associated with transferring Ethereum?
- Users should verify the asset and network before transferring assets and be aware of the volatility of digital asset prices.
- How can I safely acquire Ethereum?
- Verify the asset name, network, and destination details before transferring, and review the custody method.
- Where can I find official resources for Ethereum?
- Official resources for Ethereum can be found on its website at https://www.ethereum.org.
