Ethereum ETH Price USD, Live Chart, Coin Market Cap Info

What Is Ethereum?

After Bitcoin, Ethereum is the second largest cryptocurrency platform. Launched in July of 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform. It is also known as a smart contract platform that enables developers to build decentralized applications (DApps) on its blockchain. These decentralized applications (or "dapps") gain the benefits of cryptocurrency and blockchain technology.

Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money like Bitcoin. ETH has many of the same features. It is purely digital, and can be sent to anyone anywhere in the world instantly.

Ethereum is supported in part by the Ethereum Foundation, a non-profit that is part of the larger Ethereum ecosystem including enterprise Ethereum consortiums like the Ethereum Enterprise Alliance.

How Does Ethereum Work?

Vitalik Buterin first conceptualized Ethereum in 2013 with the idea of developing an open-source blockchain platform different from Bitcoin (BTC), thus pioneering smart contracts.

A full Ethereum node is composed of three essential parts

• The blockchain component


• A peer-to-peer network and


• The virtual machine

On the Ethereum blockchain, a smart contract behaves like a self-operating computer program that automatically executes when specific conditions are met. Blockchain allows smart contracts' code to be run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

The Ethereum network went live on July 30, 2015, with 73 million Ether pre-mined.

How Do You Mine Ethereum?

Cryptocurrency mining is a process of solving complex mathematical problems. Ethereum mining is the process of maintaining the Ethereum ledger through solving complex mathematical problems. Unlike Bitcoin mining, Ethereum mining can be done with a Graphical Processing Unit (GPU) only.

Ethereum mining works when miners use their computational power to solve a mathematical problem. The first miner to successfully solve the problem (find the hash) then broadcasts that the block has been mined to the entire Ethereum network for other nodes to validate and add the block to the blockchain. This verification process is called proof of work.

There are 3 ways to mine Ethereum

• Pool mining


• Mining alone


• Using Cloud mining services

Ethereum mining is based on the Ethash algorithm, and ETH miners originally received a block reward of 5 ETH per block when the network first went live. In the end of 2017, the Byzantine hard fork of the Ethereum blockchain lowered the block rewards from 5 ETH to 3 ETH. In early 2019, the reward was again lowered to 2 ETH in what is known as "the thirdening."

The Ethereum blockchain was supposed to migrate from a PoW system to the less energy-investive proof-of-stake system (PoS) system in January 2020, but the deadline was not met. A switch to PoS and the release of Ethereum 2.0 is still expected for later in 2020.

Ethereum transactions are called "gas" and they are responsible for powering operations on the entire network, meaning you have to spend your "gas" (Ether) in order to make changes to the blockchain. Ethereum also has a Turing complete internal code.

What Is Ethereum Used For?

Ethereum is a platform based on blockchain technology that enables developers to build and deploy applications, without any central authority. Ethereum aims to create censorship resistant, hack-proof, decentralized networks.

Ether, the native currency of the Ethereum blockchain, is also used as digital money and can be sent to anyone in the world instantly. Ether can be used as a form of payment or a store of value.

How Do You Buy Ethereum?

To buy Ethereum for the first time you need to follow some steps. Here are the steps you need to follow:

• Get A Digital Wallet: To buy Ethereum the first important thing you must have is a "Digital Wallet" so you can store many currencies in it. For Ethereum, you must use an Ethereum-compatible wallet.


• Register With An Exchange: You need to choose the right exchange. First of all, you will need to register with an exchange. The registration process will require submitting a few general personal details. Set up an account. You will need to provide some form of identification.


• Choose Your Payment Method: After creating your account on a trusted exchange, you need to choose your payment methods. You can use a traditional payment method such as a credit card, bank transfer (ACH), or debit card to buy Ethereum


• Ethereum ATMs: Ethereum ATMs are an alternative way of purchasing Ether is doing so through an Ethereum ATM. It is an ideal way to obtain Ether for users, traders and investors looking to buy small amounts.

Latest news on Ethereum price today. Page lists fresh / latest Ethereum price. Find out Ethereum values and compare the past values using the interactive chart. Prices are updated in every few minutes. Track your Ethereum wallet and see the results of Ethereum mining. At CoinPriceIQ you can find the top 250 Cryptocurrency coins including Bitcoin, Tether, Bitcoin Cash, Litecoin, Binance Coin, and more by Market Cap Pricelist.

Coin Price IQ has the latest prices for the top Cryptocurrency exchanges including; Coinbase, Kraken, Compound, OKEX, CoinsBit, Bilaxy and many more. We have listed both centralized exchanges & Decentralized exchanges. Choose your trusted exchange to Buy & sell Ethereum.

Looking for the Ethereum price today? This page lists the current / latest Ethereum price. Find out the Ethereum value and compare the past values using the interactive chart. Prices are updated in 10 minutes intervals. Track your Ethereum wallet and see the results of Ethereum mining. At CoinPriceIQ you can find the top 250 Cryptocurrency coins including Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Binance Coin, and more by Market Cap Pricelist.

CoinPriceIQ has the latest prices for the top cryptocurrency exchanges including; Coinbase, Kraken, OKEX, CoinsBit, Bilaxy and many more. We have listed both centralized exchanges & Decentralized exchanges. Choose your trusted exchange to Buy & sell Ethereum.