Ethereum (ETH)

$3,592.17
0.05110863 BTC
Marketcap
$429,691,310,211
Volume (24h)
$22,784,945,163
Circulating Supply
120,074,016 ETH
Total Supply
120,074,016 ETH

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Ethereum in Social

What is Ethereum?

Ethereum is a community-driven technology that powers the cryptocurrency called ether (ETH) and a multitude of decentralized applications (DApps). It operates on the Ethereum blockchain, which is a decentralized open-source blockchain system. Ethereum provides a platform for developers to build innovative applications and enables the representation and trading of real-world assets as non-fungible tokens (NFTs).

One of the key features of Ethereum is its support for decentralized finance (DeFi), which aims to create a fairer financial system. Through DeFi, individuals can access a range of financial services, including lending, borrowing, and trading, without relying on traditional intermediaries like banks. Ethereum's open internet approach allows users to have control over their personal data and the ability to create their own banks and currencies.

Ethereum offers development opportunities through transparent and open-source apps, allowing code reuse and interaction in existing programming languages. It has a strong and supportive community of volunteers, continuously working on interconnected upgrades to improve the network. The Ethereum network statistics include metrics such as the total ETH staked, transactions processed, and value locked in DeFi.

The Ethereum roadmap focuses on scalability, security, and sustainability while also catering to enterprise applications. It aims to address challenges related to network scalability to accommodate a larger number of users and transactions. Ethereum's emphasis on security ensures trust in the platform, making it suitable for a wide range of applications.

Overall, Ethereum is a global network of computers that facilitates the creation of communities, applications, organizations, and digital assets. It offers numerous benefits, such as accessible banking services, peer-to-peer transactions, resistance to censorship, and commerce guarantees. Ethereum has proven valuable for individuals facing uncertainties and has provided quick financial assistance in times of crisis. It empowers creators, allowing them to earn revenue from their work and has facilitated cheaper and faster cross-border payments through stablecoins.

Important Links Related to Ethereum

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