Ethereum Price

Track Ethereum Price Today, Live ETH Price Chart & Market Cap

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Ethereum Price Live Data

24H Range
$?2,655.48
24H Range
$?2,708.17
52W Range
$?1,537.59
52W Range
$?4,094.18
ATH & ATL Range
$?0.420897
ATH & ATL
$?4,867.17
Ethereum Price$?2,679.64
Market Cap$?322.53B
Diluted Market Cap $?322.53B
24H Volume$?39.40B
Vol. / M. Cap Ratio 0.1221
Dominance 13.92%
ATH $?4,867.17 (-45%)
ATH Date Nov 10, 2021
ATL $?0.420897
ATL Date Oct 21, 2015
Cycle Low $?897.01
Cycle High $?4,094.18
Circ. Supply 120.36M
Total Supply 120.36M
Max Supply -
Supply Inflation 0.11% (Low)
Volatility 4.89% (Medium)
PlatformETH
Release Date Jul 30, 2015
Fear & Greed Index 64 (Greed)
Sentiment Neutral
Show more ↓

Ethereum price today is $?2,679.64 with a 24-hour trading volume of $?39.40B, market cap of $?322.53B, and market dominance of 13.92%. The ETH price decreased -0.45% in the last 24 hours.

Ethereum reached its highest price on Nov 10, 2021 when it was trading at its all-time high of $?4,867.17, while Ethereum's lowest price was recorded on Oct 21, 2015 when it was trading at its all-time low of $?0.420897. The lowest price since it's ATH was $?897.01 (cycle low). The highest ETH price since the last cycle low was $?4,094.18 (cycle high). The Ethereum price prediction sentiment is currently neutral, while Fear & Greed Index is showing 64 (Greed).

Ethereum's current circulating supply is 120.36M ETH. The current yearly supply inflation rate is 0.11% meaning 129,613 ETH were created in the last year. In terms of market cap, Ethereum is currently ranked #1 in the Proof-of-Stake Coins sector and ranked #2 in the Layer 1 sector.

Highlights

  • Price has increased by 61% in the last 1 year
  • in the last 30 days (60%)
  • Has liquidity based on its market cap
  • Trading on KuCoin
  • Yearly inflation rate is

Risk Analysis

  • Outperformed by 53% of the in 1 year
  • Outperformed by
  • Trading below the
See All Risk Checks

Ethereum Token Sale

Initial Price $?0.31
Start DateJul 22, 2014
End DateSep 2, 2014
ROI [USD]8,643.99x
ROI [BTC]62.86x
ROI [ETH]1.00x
TypeICO
PlatformETH
More InfoEthereum ICO

The price of Ethereum in the ICO was $?0.31 and the token sale ended on Sep 2, 2014. Since then, ETH price increased 8,643.99x against US Dollar, increased 1.00x against Ethereum and increased 62.86x against Bitcoin. To learn more about Ethereum ICO click here.

Ethereum Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
EthereumUS Dollar ETH/USD 0.07%-0.45%4.36%4.16%-21.79%-22.24%15.88%60.67%-5.93%1,409%77.57K%
EthereumBitcoin ETH/BTC -0.05%-0.58%0.50%-4.31%-26.58%-18.99%-24.95%-34.37%-40.64%89.13%229.31%
EthereumTether ETH/USDT 0.07%-0.45%4.36%4.16%-21.79%-22.24%15.88%60.67%-5.93%1,409%77.57K%

Ethereum price in US Dollar has increased by 4.16% in the last 1 month. ETH is down -4.31% against Bitcoin in the last 1 month.

Ethereum Quarterly Returns

YearQ1Q2Q3Q4Total
2015-----73.35%26.39%-66.32%
20161,122%9.28%6.13%-39.74%753.64%
2017527.89%489.39%1.33%153.46%9,404%
2018-47.74%14.29%-48.56%-42.78%-82.42%
20198.83%102.23%-38.53%-27.96%-2.54%
20202.49%69.65%59.47%106.53%472.66%
2021158.23%18.65%32.10%22.55%396.01%
2022-10.87%-67.32%24.56%-10.49%-67.52%
202351.98%6.19%-14.05%38.31%91.87%
202459.02%-5.38%------
Average 207.93%70.78%-5.66%25.14%1,211%

The top-performing year for Ethereum was 2017 when the price of ETH increased by 9,404.30% from $?7.97 to $?757.41. The worst performing year for Ethereum was 2018 when the price dropped by -82.42% from $?757.41 to $?133.16. The average yearly growth of Ethereum over the last 10 years is 1,211.08% per year. Usually, Ethereum performs best in Q1 with an average of 207.93% gain and worst in Q3 with -5.66% loss.

Ethereum Price Closing History by Level

PriceDays Above% of Ethereum's Life
$?4,867.17 ATH--
$?4,500.00170.51%
$?4,000.00611.83%
$?3,500.001765.27%
$?3,000.0036010.78%
$?2,679.64 Price Now45813.72%
$?2,500.0053516.02%
$?2,000.0072221.62%
$?1,900.0077923.33%
$?1,800.0092327.64%
$?1,700.0098929.62%
$?1,600.00110233.00%

The table above shows the number of days which Ethereum closed above a certain price level.

Ethereum Price & ROI on this Date

DatePriceROI
Sep 28, 2024 Today$?2,679.64-
Sep 28, 2023$?1,601.2267.35%
Sep 28, 2022$?1,343.3499.48%
Sep 28, 2021$?2,929.05-8.52%
Sep 28, 2020$?357.50649.54%
Sep 28, 2019$?173.371,445.60%
Sep 28, 2018$?228.921,070.55%
Sep 28, 2017$?306.47774.36%
Sep 28, 2016$?13.1020,357.90%
Sep 28, 2015$?0.720839371,638.71%

The table above shows the price and ROI of Ethereum today and previous years on the same date (Sep 28).

ETH Exchanges

Ethereum is being traded on 141 cryptocurrency exchanges, including Binance and KuCoin. $?39.40B worth of Ethereum changed hands in the last 24 hours. If you wish to purchase ETH, check our guide on how to buy Ethereum in 6 steps.

ExchangePrice Volume Action
Binance$?2,680.61$?1.13B$?2,680.61$?1.13B Trade Now
KuCoin$?2,681.43$?61.25M$?2,681.43$?61.25M Trade Now
Kraken$?2,679.76$?35.55M$?2,679.76$?35.55M Trade Now
Bybit$?2,680.07$?613.13M$?2,680.07$?613.13M Trade Now
OKX$?2,681.15$?167.47M$?2,681.15$?167.47M Trade Now
gate.io$?2,681.51$?35.69M$?2,681.51$?35.69M Trade Now
Binance Futures$?2,682.44$?162.94M$?2,682.44$?162.94M Trade Now
PrimeXBT$?2,680.02$?39.09M$?2,680.02$?39.09M Trade Now
MEXC$?2,681.56$?121.28M$?2,681.56$?121.28M Trade Now
Crypto.com$?2,680.51$?1.32B$?2,680.51$?1.32B Trade Now

About Ethereum

Ethereum is a decentralized, Layer 1 smart-contract blockchain network that was launched in July of 2015. The open-source cryptocurrency project was initially proposed by a Russian Canadian programmer Vitalik Buterin. In order to fund the early stages of development, the Ethereum team sold ETH tokens in an initial token offering (ICO) that took place between June and August of 2014. The digital currency used by the participants to purchase ETH was Bitcoin. The Ethereum team raised approximately $16 million worth of BTC during the ICO campaign.

While Bitcoin can be credited with kickstarting the cryptocurrency revolution, Ethereum can be credited with taking the concept of a distributed public ledger to new heights. Beyond immutable, transparent and secure value transfers, the Ethereum platform can facilitate the operation of additional blockchain-powered products and services thanks to its smart contract functionality, and support for fungible and non-fungible tokens (NFTs)

These properties allow Ethereum to facilitate decentralized trading of digital assets via decentralized exchanges, allow the gaming sector to make use of unique digital items in the form of NFTs, and lay the foundation for various borrowing, lending and trading applications that aim to challenge offerings of their traditional finance counterparts.

Here’s a quick overview of key facts about Ethereum and its core blockchain features:

  • Mainnet launched in 2015 after a successful ICO campaign during which $16 million in BTC was raised
  • Leading smart contract and dApp platform, enabling users to participate in DeFi and NFT sectors
  • Users can create custom tokens that run on top of Ethereum
  • Ethereum currently uses Proof-of-Work but will transition to an energy-efficient Proof-of-Stake consensus mechanism in the future

What is Ethereum and how does it work?

Ethereum, like all other cryptocurrencies, uses blockchain technology and operates through a decentralized network of nodes that communicate with each other in order to maintain the network and provide decentralized services for its users. According to ethernodes.org, there are more than 5600 active synced Ethereum nodes in operation as of May 2022.

Ethereum makes it possible for users to create smart contracts and decentralized applications (dApps). Once these apps and contracts are deployed on the Ethereum network, they are executed exactly as programmed, ensuring that no third-party entity can tamper with smart contract data.

Ethereum’s native digital asset ETH–called Ether–is used to pay for transaction fees and to interact with dApps on the platform. New ETH is issued via cryptocurrency mining - a computational procedure that verifies transactions and adds new transactions to the blockchain through the Proof-of-Work (PoW) method. Miners are incentivized to use powerful hardware to solve complex mathematical problems involved in PoW mining with ETH rewards, which successful miners receive as a reward for generating a new Ethereum block.

ETH is not the only asset that can be sent through the Ethereum network - users can create custom tokens and set the token parameters (such as the maximum supply, for instance) to their liking. In fact, new token issuance was one of the features that enabled Ethereum to get a lot of traction within the cryptocurrency community. Ethereum’s unique properties enabled teams to run ICOs, which gave numerous crypto projects the opportunity to raise funds to launch their products and services.

On Ethereum, users can also create non-fungible tokens, which is a unique use-case enabled by blockchain technology – NFTs are verifiably scarce digital objects, which is why they’re often called “crypto collectibles.” CryptoKitties is an example of a dApp that leverages NFTs.

One of the major emerging trends in the Ethereum ecosystem is decentralized finance, commonly referred to with the abbreviation “DeFi”. This term refers to the numerous protocols built on top of Ethereum that allow users to lend, borrow, buy and sell their cryptocurrency without having to trust an intermediary in the process.

Ethereum Price History

As mentioned above, ETH tokens first entered circulation via an ICO and started trading in August 2015. While the initial public sale price of ETH was just $0.31 per coin, ETH price reached $2.77 on its first trading day. After the initial rally, ETH had dropped to $0.81 on its second trading day and didn’t break the $1 mark until the start of 2016. In subsequent years, the value of each ETH coin reached as high as $4,867 in November 2021, a massive, 15,700x increase compared to its ICO price.

Here are some key milestones in Ethereum’s price history:

  • $0.31 - Initial investors were able to purchase ETH for $0.31 worth of BTC during 2014’s ICO campaign
  • $1 - ETH surpassed the $1 mark on its first trading day in August 2015    
  • $10 - The first time that the ETH price climbed over $10 was in March 2016    
  • $100 - The first time that ETH was worth more than $100 was in May 2017    
  • $1,000 - ETH surpassed $1,000 for the first time ever in January 2018
  • $4,867 - Ethereum price reached its all-time high of $4,867 in November 2021

As a vehicle to transfer value on the Ethereum networks, ETH price is heavily correlated to supply and demand dynamics and thus directly influenced by network user numbers, the popularity of dApps, and overall health of the blockchain ecosystem.

In addition, the price of each ETH is also largely dependent on the total number of tokens in circulation. Unlike Bitcoin, which has an artificially set max supply of 21 million coins, Ethereum has no cap on its supply. However, the number of tokens in circulation is in part regulated by the Ethereum mining process, which regulates the rate at which new tokens enter circulation, and ETH burning, a deflationary process launched via 2021’s EIP-1559 that transfers a part of every ETH transactions’ fee to a dead wallet (a blockchain wallet with no access key).

On CoinCodex, you can stay up to date with the latest information regarding Ethereum and check algorithmically generated Ethereum price predictions to gain a sense of where its price is likely headed in the near term.

Ethereum Supply

Ethereum supply is uncapped, which means there is no maximum amount of tokens that can be in circulation at the same time. This comes as a stark contrast to a cryptocurrency like Bitcoin, which has a hard cap of 21 million coins.

New ETH tokens enter circulation via a process known as mining. As of May 2022, there are over 120 million ETH in circulation. Per Etherscan data, the supply of ETH has grown at an approximately 10% yearly pace since 2016. It is worth noting that the supply growth rate has decreased in recent years, mostly due to EIP-1559, which introduced deflationary pressure on the cryptocurrency via real-time ETH burns.

With the price of Ethereum skyrocketing in recent years, most investors cannot afford to buy a whole Ethereum coin. However, this doesn’t prevent investors from gaining exposure to ETH with only a small amount of funds. Investors can buy a fraction of ETH for as little as $1, or even less, using various simple methods to buy Ethereum.   

New ETH tokens enter circulation as a block mining reward. As of the time of writing, the block reward is set to exactly 3 ETH. Since 2019, 13,000 ETH are, on average, distributed each day to successful miners, according to data curated by YCharts.

Ethereum Market Cap

Ethereum claimed the second largest market cap in the industry in its early days, second only to Bitcoin. Since then, Ethereum never relinquished its relative market position. Thanks to its widespread popularity and high market cap, Ethereum regularly sits near the top of the 24 hours crypto market trading volume charts. 

Ethereum reached its highest market cap value in November 2021, which was the first time in history that the combined value of all digital assets hit $3 trillion. At the time, Ethereum’s market cap skyrocketed to almost $550 billion. You can follow up to date ETH markets and the current activity on the cryptocurrency exchanges across hundreds of trading pairs on CoinCodex.

Here’s what the ETH price chart tells us about the most notable Ethereum market cap milestones:

  • $100 million - Ethereum surpassed a 100$ million market cap shortly after its mainnet launch in August 2015
  • $1 billion - Ethereum reaches unicorn status and surpasses the $1 billion market cap milestone in May 2016
  • $20 billion - Ethereum reached $100 price point for the first time in May 2017, which pushed its total market cap beyond $20 billion
  • $100 billion - The market cap of Ethereum reached hectocorn levels in January 2018
  • $200 billion - After more than a two-year long crypto winter, Ethereum surpassed a $200 billion market cap in May 2021
  • $500 billion - ETH market cap reached a half-trillion dollar valuation in October 2021

The most important Ethereum milestones

Ethereum has experienced numerous notable milestones in its roughly decade-long history. Here is a list of important dates and events that have shaped Ethereum and the broader crypto community since its inception:

  • December 2013 - Vitalik Buterin publishes the Ethereum white paper
  • June 2014 - The Ethereum team looks to raise $16 million in an ICO campaign
  • August 2014 - Roughly 51 million ETH were sold in the two month long initial public sale
  • July 2015 - Ethereum mainnet launches
  • August 2015 - ETH starts trading
  • July 2016 - Ethereum forks into two blockchains–Ethereum and Ethereum Classic–as a result of a smart contract hack
  • February 2018 - Ethereum controls over 80% market share of ICOs, with most new tokens based on the ERC-20 standard
  • December 2019 - Istanbul hard fork takes place and sets the stage for the Proof-of-Stake transition
  • December 2020 - The Beacon Chain goes live and kicks off “Phase 0” of the Ethereum 2.0 rollout
  • August 2021 - The London upgrade goes live and introduces real-time ETH burning
  • September 2022 - Ethereum transitions from PoW to PoS after a successful Merge; a part of the Ethereum community protests the transition, which results in a split and subsequent launch of Ethereum PoW (ETHW)

Creation of Ethereum

Ethereum white paper was published in 2014 by a then 19-year-old Vitalik Buterin, who envisioned a platform that uses blockchain technology to keep immutable transaction history data, like Bitcoin, while housing decentralized self-executing programs that later became known as dApps. 

Two years after the white paper was published, the Ethereum platform was launched by Buterin and Joseph Lubin, a Canadian-American entrepreneur and founder of ConsenSys. In addition to Buterin and Lubin, additional Ethereum co-founders include Gavin Wood (creator of smart contract programming language Solidity and creator of Polkadot and Kusama), Charles Hoskinson (American entrepreneur and founder of Cardano), and Anthony Di Iorio (early Bitcoin investor and CEO of Decentral).

Since the initial launch, the Ethereum platform has undergone several protocol updates (commonly referred to as hard forks), with each introducing new functionality, changes to incentives, and security upgrades. The last protocol upgrade, called London hard fork, took place in August 2021.

In 2016, Ethereum suffered a $150 million hack of a decentralized autonomous organization that was designed to raise funds for project development. In the hack's aftermath, Ethereum was split into two blockchains: Ethereum, which reimbursed stolen funds, and Ethereum Classic, which continued on the original chain.

Ethereum Token Types

Ethereum makes it possible for multiple token types to be issued and take advantage of the smart contract characteristics of the network. To ensure smart contact compatibility, Ethereum uses token standards, a set of rules that define various blockchain parameters such as token creation, transaction properties, spending, etc. Here are the four most important and popular Ethereum token standards:

  • ERC-20: Fungible token interface with six primary functions that allow the creation of tokens that can be used by dApps 
  • ERC-721: Non-fungible token interface that defines parameters of NFTs on the Ethereum blockchain. In contrast to ERC-20 tokens, NFTs are unique, which makes them a great option to represent ownership records on-chain
  • ERC-777: Allows users to issue privacy-focused tokens that take advantage of functions such as a mixer contract
  • ERC-1155: A standard for both NFTs and fungible tokens that introduces cost saving features via transaction bundling

Ethereum Gas Fees

ETH tokens are used to pay transaction fees, also referred as gas, on the Ethereum network. Gas is measured in Gwei, which represents 0.000000001 ETH. Each transaction needs many operations to complete, which spends a certain amount of gas.

In its current iteration, Ethereum can process roughly 30 transactions per second (TPS). Due to a rising number of DeFi use cases and the explosive growth of NFTs, network congestion is a significant problem for Ethereum because it leads to high transaction costs. 

Several Layer 2 solutions have emerged in recent years to reduce the problems associated with high transaction costs on the platform. Layer 2 scaling solutions, like Polygon and Arbitrum, allow transactions to be processed at a lower cost and greater speed away from the Ethereum mainnet. Although the full rollout of the Ethereum 2.0 upgrade will increase the throughput of the mainnnet and make transactions way cheaper, it probably won't make Layer 2 scaling solutions obsolete.

Ethereum 2.0 upgrade

To alleviate the problems of high transaction costs and network congestion, the Ethereum team plans to increase the TPS figure to up to 100,000 as a part of the Ethereum 2.0 upgrade. In addition to facilitating a higher number of transactions, the upgrade will also see Ethereum transition from a power-hungry Proof-of-Work to an up to 99% more energy-efficient Proof-of-Stake consensus mechanism

The transition from the PoW to PoS picked up steam in August 2021, with the launch of the London hard fork. The exact release date for a PoS-compatible Ethereum mainnet is currently not yet known. However, the team does have its sights set on the second half of 2022 and recently revealed that the PoW on Ethereum is in its “final chapter.”

It is worth noting that the Ethereum team has moved away from the “Eth2” terminology, citing clarity and correct representation of the Ethereum road map as the main reasons. 

The new Ethereum upgrade will not only help make transactions cheaper and faster, but will also significantly increase the scalability of the platform and lay the groundwork for a Web3 future. The full rollout of Proof-of-Stake supporting Ethereum, called “The Merge”, will take place in the following phases:

  • Phase 0: Started with the launch of the Beacon Chain in 2020. 
  • Phase 1: The launch of shard chains–proof-of-stake blockchains that use validators to confirm transactions–is expected in 2022. At this stage, shards won’t be supporting smart contracts.
  • Phase 1.5: In this phase, the legacy Ethereum chain will transition to a Proof-of-Stake consensus and will be connected to the Ethereum 2 chain 
  • Phase 2: Shard chains will be able to communicate with one another and make use of smart contracts.

Ethereum 2.0 Staking

Instead of relying on miners to secure the network–as is currently the case–after the Merge is completed, transaction validation and the general upkeep of the network will be performed by network validators who will be able to earn ETH staking rewards.

FAQ

What is Ethereum?

Ethereum is an open source blockchain that integrates smart contracts functionality. This means that Ethereum is more than a cryptocurrency, it is a platform on which other cryptocurrencies and decentralized applications can be built. Ether (ETH) is the native asset on the platform, and it is required for paying transaction fees. Ethereum is used for many Initial Coin Offerings (ICOs), and is also the platform of choice for the vast majority of DeFi projects.

The idea for Ethereum was first proposed in 2013 by Vitalik Buterin, a relatively unknown programmer at the time. He suggested several changes to the Bitcoin blockchain, alongside the implementation of a scripting language meant to help with further development.

After being unable to gain recognition and push his idea further, he decided to develop a new platform with all the suggested features, which was announced in January 2014. Several prototypes later, Ethereum was launched in July 2015, opening the door to a whole new world of blockchain development.

How does Ethereum work?

Ethereum operates through a decentralized network of nodes that communicate with each other in order to maintain the network and provide services for its users.

A proof-of-work mechanism is used to verify that transactions are being processed according to the protocol’s rules, which requires a substantial amount of computational power. This provides strong security to the Ethereum platform, requiring any bad actors to out-compute the network in order to make unauthorized changes, making attacks very complex and expensive to perform.

When using the Ethereum platform, all transactions require a fee paid in the form of ETH. This applies even when transacting assets other than ETH.

How is Ethereum and ETH used?

Ethereum is widespread in the crypto world and is commonly considered the most popular blockchain in the world. Like with most cryptocurrencies, users can use ETH directly by trading, exchanging or purchasing goods from vendors who accept the cryptocurrency.

However, ETH can also be used to pay fees for performing operations on the Ethereum blockchain.

Why are ETH coins valuable?

ETH derives its value from supply and demand, like all other cryptocurrencies. An important factor that influences the demand for ETH is that ETH is needed to cover for all computational fees done on the Ethereum network. This means that any digital asset or smart contract using the Ethereum network requires ETH to operate, and its users are required to own ETH in order to make transactions.

This means that ETH benefits from all other digital assets on the Ethereum network. Therefore, the price of ETH can be correlated to the popularity of the Ethereum network, although there are many other factors present that influence price.

How do I get ETH?

ETH is available on most cryptocurrency exchanges and can often be traded for fiat currency directly. It can also be traded privately with a trusted counterparty. In some countries, ETH can be purchased through cryptocurrency ATMs.

Alternatively, you could contribute to the Ethereum network by mining, and earn some ETH coins in return. This method will not be viable for everyone, as cryptocurrency mining requires a substantial upfront investment.

Is ETH a good investment?

Having in mind the number of crypto assets and decentralized applications based on the Ethereum network, investing in ETH has the potential to be very profitable. Using any Ethereum-based digital asset or decentralized applications requires using ETH as well, which can help boost demand and therefore also the price of ETH.

However, as the whole crypto market is generally considered highly volatile, investing large amounts of funds is not recommended without proper education and a thorough assessment of the associated risks. As prices tend to change rapidly, and small mistakes can lead to big losses, cryptocurrencies are generally seen as high-risk investments.

How much does it cost to buy 1 ETH?

As of , the price of 1 ETH is . It is additionally split into “Gwei” and “Wei”, with  1 ETH equaling 1,000,000,000 Gwei and 1 Gwei = 1,000,000,000 Wei. Gwei is commonly used to denominate transaction fees, while Wei is the smallest fragment of Ether possible.

Is it a good time to buy ETH?

This depends on the current market situation and the opportunities available.You can find relevant technical indicators on our Ethereum price prediction page.

How much should I invest in ETH?

There is a general rule with investing in cryptocurrency, which is “don’t invest more that you are willing to lose”. This is mostly because investing in cryptocurrency is considered high-risk due to the sudden shifts in trends and prices that can happen in the market. With that in mind, large upfront investments are likely not the best option for the majority of investors. Instead, users can consider using a dollar cost averaging (DCA) strategy to mitigate the risks of price volatility.

How do you cash out from ETH?

Most quality cryptocurrency exchanges offer direct ETH/fiat trading pairs, which are the most efficient way to cash out of ETH. Alternatively, finding a trusted third party to exchange “in-person” is also a viable choice, as Ethereum users are common in the crypto community.

Is Ether secure?

Ethereum uses complex mathematical algorithms in order to create digital currency and maintain the network. There is a massive amount of computational power backing the Ethereum network, making it very difficult to perform attacks on Ethereum’s consensus layer itself.

Most of the risks associated with using Ethereum come from using decentralized applications (dApps) that are built on top of the platform. Since Ethereum is a completely decentralized platform, anyone in the world can create an Ethereum dApp and deploy it to the mainnet. In other words, there is no quality control, since nobody can prevent an Ethereum dApp from being deployed.

Since transactions on Ethereum are permanent and irreversible, you don’t have much recourse if your funds become inaccessible due to a smart contract bug, or are stolen by malicious developers.

So, while the Ethereum platform itself is very secure and works as intended, the same cannot be said for all the applications that are deployed on top of it. Before sending your funds to any Ethereum-based dApp, make sure to do your own research and that you’re dealing with a trustworthy application.

Are ETH coins legal?

The usage of cryptocurrency is becoming widely accepted, but the legality of crypto can still vary significantly from jurisdiction to jurisdiction. You can check the legality of cryptocurrency by country or territory here.

How are new Ether coins created?

Ether coins are created through a process called mining. It is done by solving resource-intensive problems using computer hardware, without any central entity monitoring this process.

Every 13.2 seconds (on average), a new block is added to the Ethereum blockchain, which is done by calculating the address of the new block. Each network node tries to find this address, and the first one to do so successfully is awarded with ETH coins.

Since this process can be very random and unpredictable, many users group together in mining pools in order to work together and make their earnings more predictable.

Is mining Ether a good investment?

Mining Ether can be done using consumer hardware, most commonly GPUs, so going into this business with smaller investments is certainly possible. However, these machines usually require a lot of electrical power, making such mining a bad choice in countries where electricity is expensive.

Apart from consumer electronics, there are specific devices, called ASIC miners, which are much more efficient at mining cryptocurrency than consumer-grade computer hardware. While ASIC miners are much more expensive to obtain, they also offer significantly higher profit margins for miners.

How many ETH coins are left?

Currently, there are  ETH coins in circulation. However, unlike Bitcoin, which is limited to 21,000,000 coins, ETH does not have a capped maximum supply and will always have some inflation.

There have been some proposals to place an upper limit on the amount of ETH that can exist by using a hard cap like BTC. However, these changes were not implemented and are still the topic of many discussions in the community.

Which coins are similar to ETH?

The most similar coins to ETH are coins that are also the native assets of their own smart contract-enabled blockchain platforms. With this in mind, we can say that ADA (the native asset of Cardano), EOS (the native asset of Eos) and TRX (the native asset of TRON)  are some examples of coins that are similar to ETH.

What makes Ethereum unique?

The biggest upside to Ethereum is its open source code and the large size of its community. This makes it extremely convenient for new developers and stimulates further innovation in blockchain technology.

Are Ether transaction fees high?

Using gas prices and gas limits, which the user can manually set, allows a lot of control when it comes to transaction fees. We arrive at the maximum fee that we’re willing to pay for a transaction by setting a gas price and gas limit according to our needs.

Each transaction needs many operations to complete, and each operation spends a certain amount of gas. If the set gas limit is greater than the total amount needed for all operations, the transaction will be considered valid. Any unspent gas is returned at the end of the transaction.
In the case of running out of gas, the transaction will be invalidated, and no gas will be refunded to the sender. This is because operations are done one-by-one and the system will complete a few operations before running out of gas.

Ethereum News

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