Ethereum (ETH) rate

What is Ethereum (ethereum)?

Ethereum (etherium) is an open source platform for creating decentralized online services based on blockchain, powered by smart contacts. Ether, ETH, etherium is the project’s native cryptocurrency and the second most popular cryptocurrency in the world after bitcoin.

Ethereum is partially supported by the Ethereum Foundation, a non-profit organization that is part of the larger ecosystem of this network.

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Vitalik Buterin, the creator of the Ethereum project, published a whitepaper of the project in 2014, where he described all the features and advantages of this system.

Ethereum was launched in 2015 by Vitalik Buterin, Joe Lubin and Anthony di Iorio, founder of ConsenSys, one of the flagships of blockchain software development.

The Ethereum project team was the first to see the blockchain not only as the basis for creating digital cryptocurrency, but also as a multifunctional platform for creating applications and services. They were the first to introduce PoS technology to secure the system with stacking, which is more environmentally friendly than proof of work.

The Ethereum platform became the basis for the creation of so-called dApps (decentralized applications), which can have many applications: creating and releasing new digital assets to the market, launching web applications, creating DAOs (decentralized autonomous organizations), where token owners are granted certain rights and powers, and so on.

The move to stacking was one of the revolutionary decisions of the Ethereum platform. It marked an entirely new approach to block validation, based on owners offering their coins as collateral for the opportunity to validate blocks and get rewarded.

Validators are randomly selected to validate transactions and verify block information.

To operate a node in Ethereum, a user must make a deposit of 32 ETH. Blocks are validated by several validators, and once enough of them confirm that the block is correct, it is considered complete and closed.

An update to the Ethereum network called Pecta is planned for March-April 2025, a technology that will make ETH stacking more efficient by increasing the stacking limit of Ethereum validators from 32 ETH to 2,048 ETH and provide increased security.

Ethereum 2.0 introduced an innovation called sharding, a database partitioning method used to provide scalability in the blockchain. Sharding divides the blockchain network into smaller parts, called “shards”, each consisting of its own data, making it distinctive and independent compared to other shards.

This allowed the network to process many more transactions per second and increased the overall performance of the system.

This stage was also marked by the release of Beacon Chain, which should control validators and ensure stable operation of the proof-of-stake consensus mechanism.

If you plan to convert eth to usd, it is worth checking the current exchange rate. At the moment, when you exchange eth to usd, you will get $2193.36.

On the Coin24.io platform, you can easily exchange eth to usd using any of the available methods, including Visa/Mastercard credit and debit cards.

Historical price of ETH, ETH rate in USD

Historical price of ETH (etherium)

In 2022, the historical price of Ethereum decreased significantly compared to the end of 2021. In 2021, ETH reached its heyday due to a chain of industry events and hype surrounding it. This year, the digital work of art was sold for a record 38,000 ETH (69.3 million USD), becoming the most expensive NFT in history.

If bitcoin’s rise was due to the IPO of Coinbase, the largest crypto exchange in the US, Ethereum’s candle was provided by internal changes and improvements in the system. In April 2021, the Berlin update of the Ethereum network was released, which subsequently led to a reduction in etherium transaction fees. However, the collapse of FTX at the end of 2022 greatly affected the cryptocurrency market.

The number of coins in circulation currently stands at 20.59 mln ETH.

On November 10, 2021, the historical high (ATH) of Ethereum was reached – the price reached 4,860 USD. In 2022, there was a temporary decline, after which the price began to approach its current value.

The current circulating supply of Ethereum is 120.60 million coins, and the maximum supply of ETH (ether) is unlimited. Ethereum has a 24-hour trading volume of 9.95 billion USD. It is traded on 483 markets and 93 exchanges.

The market capitalization of ETH is 263,612,835,806.16 USD.

FAQ

What is Coin24?

Coin24 is a reliable international service for buying and selling cryptocurrencies. Since 2011 we have been providing fast and secure exchange of Bitcoin, USDT, Ethereum and other digital assets. Our platform meets high security standards and is the premium choice for conveniently managing your cryptocurrency.

What is Ethereum (ethereum)?

Ethereum is a decentralized blockchain based on smart contract functionality. It uses a distributed ledger to record transactions and contract state changes. The native token of the network is the cryptocurrency ETH (ether), one of the most popular cryptocurrencies in the world with a market capitalization of 264,401,830,859.03 USD.

What payment methods are available to buy and sell ETH on Coin24?

With us you can easily exchange ETH (Ether) using Visa/Mastercard credit and debit cards issued by PrivatBank (Privat24), Monobank, FUIB and other banks.

Can I exchange Ether to Coin24 without a bank account?

Yes, at Coin24 you can buy or sell cryptocurrency, e.g. ETH in USD, for cash without opening a bank account. Contact our manager to arrange a meeting at a place convenient for you. We support cash ETH in USD, EUR and UAH, offering a convenient and flexible way to conduct crypto transactions.

How to cash out or buy ETH (ether) for cash?

On our platform you can deposit or withdraw ETH for cash in USD, EUR or UAH. Contact a manager to arrange a meeting at a place convenient for you. If your city is not on the list, discuss with our team possible options to buy ETH for USD or other currencies. All transactions are carried out at the current exchange rate.