What is Ethereum (ETH)?

Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.

What is the price of Ethereum?

About Ethereum. Ethereum price today is $538.40 USD with a 24-hour trading volume of $17,079,805,162 USD. Ethereum is down 8.82 % in the last 24 hours. The current CoinMarketCap ranking is #2, with a market cap of $61,247,625,206 USD. It has a circulating supply of 113,758,658 ETH coins and the max. supply is not available.

How many Ethereum (ETH) coins are in circulation?

How Many Ethereum (ETH) Coins Are There In Circulation? In August 2020, there were around 112 million ETH coins in circulation, 72 million of which were issued in the genesis block — the first ever block on the Ethereum blockchain.

What is Ethereum sharding?

Now that the Merge is over, the final stage of Ethereum 2.0 is sharding, where the database on the Ethereum blockchain is split into 64 shard chains. With sharding, each validator only needs to verify the respective shards they’re responsible for, instead of verifying the entire network.