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Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.
Ethereum is the second-biggest cryptocurrency by after . It is also a decentralized computing platform that can run a wide variety of applications — including a universe of decentralized finance (or ) apps and services.
Everything from financial tools and games to complex databases are already running on the Ethereum blockchain. And its future potential is only limited by developers’ imaginations. As the nonprofit puts it: “Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you.”
Ethereum-based apps are built using its key innovation: “.” Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties. But unlike an old-fashioned contract, smart contracts automatically execute when the terms are met without the need for either participating party to know who is on the other side of the deal — and without the need for any kind of intermediary.
Ethereum, like Bitcoin, is an open source project that is not owned or operated by a single individual. Anyone with an internet connection can run an Ethereum node or interact with the network. However, Ethereum differs from Bitcoin in its ability to build and execute smart contracts. Smart contracts enable a vast ecosystem of applications on Ethereum, such as stablecoins (which are pegged to the dollar by smart contract), decentralized finance apps (collectively known as DeFi), and other decentralized apps (or dapps).
Until recently, Ethereum and Bitcoin were both secured by “miners” running specialized hardware to solve difficult math problems. In September 2022, Ethereum mining was phased out and Ethereum transitioned to Proof-of-Stake. Ethereum is now secured by a global network of validators running Ethereum’s software while staking a certain amount of ETH tokens. Validators earn rewards generated in Ether (ETH) for participating in the process, and can have their stake slashed if they violate the rules of the protocol. Anyone with an ETH stake and computer meeting the requirements can become a validator.
In 2013, a 19-year-old computer programmer (and Bitcoin Magazine cofounder) named Vitalik Buterin released a whitepaper proposing a highly flexible blockchain that could support virtually any kind of transaction. In 2014, Vitalik, along with a team of cofounders including Gavin Wood, crowdfunded the development of the Ethereum protocol with the sale of $18 million in pre-launch tokens. In 2015, the first public version of the Ethereum blockchain launched in July and smart contract functionality began to roll out on the Ethereum blockchain.
Coinbase makes it easy and secure to stake your ETH. Through Coinbase’s built-in staking feature, anyone can stake their ETH (as much or as little as you’d like) in just a few taps. In your Coinbase app, navigate to the ETH asset page. You’ll see a prompt to stake your ETH. Staked ETH (and rewards) can't be unstaked until the Ethereum network upgrade is complete, which most experts estimate will happen sometime in 2023. If you want to sell or send your ETH staked on Coinbase, you can do so by converting it to cbETH, Coinbase’s Wrapped Staked ETH token. The price of cbETH is determined by the market and may lose value. cbETH is available in select regions. .
Like Bitcoin, Ethereum’s price is based on a global marketplace of supply and demand. Its price can be volatile in the short-term as demand overwhelms supply and vice versa.
By creating an account on Coinbase or an increasing number of other reputable financial technology companies, you can buy, send, and receive Ethereum.
Released: July 2015
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Of all the assets on Coinbase, these 12 are the closest to Ethereum in market cap.
135,464 unique individuals are talking about Ethereum and it is ranked #2 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ethereum has an average sentiment score of 0 out of 5. Finally, Ethereum is becoming more newsworthy, with 19 news articles published about Ethereum. This is a 15.79% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Ethereum. There were 27.53% of tweets with bullish sentiment compared to 4.95% of tweets with a bearish sentiment about Ethereum. 67.52% of tweets were neutral about Ethereum. These sentiments are based on 210618 tweets.
On Reddit, Ethereum was mentioned in 2 Reddit posts and there were 0 comments about Ethereum. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Stake It or Leave It: What does Ethereum’s Shapella upgrade mean for ETH holders?
Noteworthy numbers: The percentage of Ethereum stakers that are currently in profit.
The price of Ethereum has fallen by 1.48% in the past 7 days. The price declined by 1.00% in the last 24 hours. In just the past hour, the price grew by 0.06%. The current price is $2,030.83 per ETH. Ethereum is 58.48% below the all time high of $4,891.70.
The current circulating supply is 120,240,684.272 ETH.
The current market cap of Ethereum is $244.26B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ethereum is $4,891.70. This all-time high is highest price paid for Ethereum since it was launched.
Over the last 24 hours, the trading volume of Ethereum is $8.85B.
The current circulating supply of Ethereum is 120 million.
The median time that Coinbase customers hold Ethereum before selling it or sending it to another account or address is 52 days.
Ethereum ranks 2 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 84% of Coinbase users are buying Ethereum. In other words, 84% of Coinbase customers have increased their net position in Ethereum over the past 24 hours through trading.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.