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Ethereum ETH

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  • Information
  • Exchanges
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Information Ethereum

  • #3
    Ranking
  • www.ethereum.org
    Website
  • Ethash
    Algorithm
  • PoW
    Proof
  • No
    Premined
  • -
    Max. Supply
  • 107,392,138
    Current Circulating Supply
  • Yes
    Minable

What is Ethereum

Ethereum is the name of a distributed computing platform that is based on a blockchain. It is also open-source and public and features smart contract functionality. A modified version of Nakamoto consensus by transaction-based transitions is used for Ethereum. Ether is the name of the cryptocurrency generated on the Ethereum platform, but the terms Ether and Ethereum are often used interchangably to refer to the cryptocurrency. Ethereum generates Ether's blockchain and Ether can be used for transfers between Ethereum accounts or to reward computations by participant mining nodes. The platform uses the Ethereum Virtual Machine (EVM). This is a Turing-complete virtual machine that can be used to execute scripts with the help of an international network of public nodes. Ethereum also uses an internal transaction pricing system with the name of ?Gas? to diminish spam and assign ressources to the network. The cryptocurrency researcher and programmer Vitalik Buterin suggested Ethereum in 2013 and developed after an online crowdsale in July and August 2014. 11.9 million coins were premined for the crowdsale and the platform went live on 30 July 2015. The DOA project collapsed in 2016, which is why Etherum was split into the two seperate blockchains Ethereum Classic (ETC) and Ethereum (ETH) in the same year. In 2017 alone, the value of the Ethereum currency went up 13,000 percent.

Breakdown by Exchange

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Breakdown by Currency

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News

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