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ETH Ethereum Rank #2 $1,810.71 ▲ 0.73%

Ethereum Ecosystem Smart Contract Platform Layer 1 (L1) Ethereum Ecosystem FTX Holdings Multicoin Capital Portfolio Launched 30-07-2015
1612 stories on Zipp Last update 4h ago Tracked since 2015
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Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.

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Ethereum (ETH) — FAQ

  1. What is Ethereum?

    Ethereum is a global, open-source platform for decentralized applications.

  2. When was Ethereum launched?

    Ethereum (ETH) launched on 2015-07-30.

  3. What kind of project is Ethereum?

    Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.

  4. Where is Ethereum's official website?

    The official Ethereum site is https://www.ethereum.org/.

  5. What's the latest Ethereum news on Zipp?

    Most recent Ethereum coverage: "BlackRock leads BTC and ETH ETF inflows on June 16!" — read at /en-US/a/blackrock-leads-btc-and-eth-etf-inflows-on-june-16.

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