Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.
On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.
Where is Ethereum available for purchase?
You can exchange ETH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Ethereum is Binance, notably the ETH/USDT pair, which saw a trading volume of $ 1,11 BN. in the past day. Additionally, Bybit and Tapbit are popular alternatives for trading tokens.
What is the highest value Ethereum (ETH) has ever reached?
Ethereum (ETH) reached its peak price at 4,878.26 $ on 10 November 2021, approximately 3 years ago ago. Presently, the current price is -53.5% lower than this all-time high.
What is the historical minimum price for Ethereum (ETH)?
The minimum price reached for Ethereum (ETH) was 0.4329 $, documented on 20 October 2015, more than 9 years ago. In comparison, the current price is 523,791.45%, it above this historical low.
What is the fully diluted valuation of Ethereum (ETH)?
The fully diluted valuation (FDV) of Ethereum (ETH) stands at $ 276,85 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of ETH tokens. The realization of this FDV might take several years depending on the emission schedule of ETH tokens.