Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ether is a necessary element for operating the Ethereum platform. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).

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Coin’s Details

  • Market Capitalization

    $26.2 B

  • Volume 24H

    $13.7 B

  • Blockchain

    Own Blockchain

  • Circulating supply

    111 156 025

  • Total supply

    111 156 025

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Ethash

  • Team Location

    Zug, Switzerland

  • First announced

    Jan 23rd, 2014

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