ETH

Ethereum

-0.18%
Exchange Rates $ 1 214.31
Market Cap: $ 148 267 739 181.88
Circulating Supply: 122 373 866 ETH
www.ethereum.org

What is Ethereum

Ethereum is an open-source decentralized platform for creating smart-contract based decentralized apps. The platform has a decentralized Turing-complete virtual machine called the Ethereum Virtual Machine (EVM). The EVM acts as the runtime environment for Ethereum smart contracts. Smart contract is a computer program, that controls the execution of a deal between parties under certain programmed conditions. Ethereum is the most popular platform for launching ICOs. Ether (ETH) is a decentralized digital currency, a native cryptocurrency of the platform. It utilizes the Ethash algorithm for proof-of-work. In comparison with Bitcoin, Ether has 40 times lower block time and lower transaction fees.

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