-
Bitcoin
$94,526.89
-2.73% -
Ethereum
$3,456.90
4.19% -
Tether USDt
$1.00
-0.08% -
Solana
$237.42
-4.23% -
BNB
$643.85
-0.91% -
XRP
$1.44
5.24% -
Dogecoin
$0.4055
-2.33% -
USDC
$1.0000
0.01% -
Cardano
$0.9722
-1.08% -
Avalanche
$42.13
3.84% -
TRON
$0.1979
-4.10% -
Toncoin
$6.15
2.45% -
Stellar
$0.5023
-0.36% -
Shiba Inu
$0.0...02519
0.90% -
Polkadot
$8.39
-1.22% -
Chainlink
$17.64
0.80% -
Bitcoin Cash
$500.22
-0.11% -
Sui
$3.25
-1.39% -
Pepe
$0.0...01933
-1.55% -
NEAR Protocol
$6.62
-3.72% -
UNUS SED LEO
$8.24
-3.74% -
Litecoin
$94.22
-0.25% -
Uniswap
$11.54
8.77% -
Aptos
$12.07
0.66% -
Internet Computer
$11.85
6.28% -
Dai
$1.00
0.01% -
Hedera
$0.1393
-0.15% -
Cronos
$0.1774
-3.31% -
Ethereum Classic
$30.05
7.45% -
POL (ex-MATIC)
$0.5557
0.18%
What is Ethereum (ETH)? What is Ethereum (ETH)
As the second-largest cryptocurrency by market capitalization, Ethereum utilizes smart contracts and a decentralized blockchain to securely execute contracts and facilitate decentralized applications.
Oct 05, 2024 at 01:59 am
What is Ethereum (ETH)?
Ethereum (ETH), launched in July 2015, is a decentralized blockchain platform that facilitates the secure execution of smart contracts and decentralized applications (dApps). It is the second-largest cryptocurrency by market capitalization, after Bitcoin.
Key Features of Ethereum:
- Smart Contracts: Ethereum allows the creation of self-executing contracts that automatically enforce predefined conditions. This feature has revolutionized industries such as finance, supply chain management, and digital identity.
- Immutability: Transactions and data stored on the Ethereum blockchain are permanently recorded and cannot be altered or deleted, ensuring data integrity and security.
- Decentralization: Ethereum operates on a peer-to-peer network, eliminating the need for intermediaries and fostering trustlessness.
- Ether (ETH): ETH is the native cryptocurrency of the Ethereum network and serves as a unit of account, transaction fee, and reward for miners.
Use Cases of Ethereum:
Ethereum's versatility has led to its adoption in various sectors, including:
- DeFi: Decentralized finance (DeFi) applications built on Ethereum provide financial services such as lending, borrowing, and trading without the need for traditional intermediaries.
- NFTs: Non-fungible tokens (NFTs) are digital assets that represent unique items, such as art, music, and collectibles. Ethereum is the primary platform for NFT transactions.
- Metaverse: Ethereum's smart contracts facilitate the creation of virtual worlds, digital identities, and interactive experiences in the emerging metaverse.
- Enterprise Solutions: Businesses are exploring Ethereum's potential for optimizing supply chains, managing data privacy, and enhancing operational efficiency.
Conclusion
Ethereum is a transformative technology that has revolutionized the way we think about digital contracts, decentralization, and the future of digital ecosystems. Its smart contract capabilities, immutability, and user-friendly platform have made it a vital force in the rapidly evolving world of blockchain technology.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Ripple Labs Introduces the First Tokenized Money Market Fund on the XRP Ledger (XRPL)
- 2024-11-26 09:05:13
-
WallitIQ (WLTQ): The Secure, AI-Powered Wallet Driving a 45,000% Rally in the Crypto Bull Run
- 2024-11-26 09:05:13
-
This Week's Crypto Calendar Is Packed With Major Events, as Sonic Labs Is About to Launch Its L1 Mainnet and More
- 2024-11-26 09:05:13
-
Simon's Cat (CAT) Price Prediction 2023-24: Will the Meme Coin Continue to Rally?
- 2024-11-26 06:21:03
-
Markets rise on Trump Treasury pick, bitcoin rally runs out of steam
- 2024-11-26 06:21:03
-
Litecoin (LTC) Price Prediction 2022-2025: Can LTC Stand Alongside Bitcoin (BTC) and Ethereum (ETH)?
- 2024-11-26 08:30:01
Related knowledge
What is a Public Key Infrastructure?
Nov 23,2024 at 12:30am
What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...
What is MEV (Miner Extractable Value)?
Nov 22,2024 at 06:22pm
What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...
What is a Genesis Block?
Nov 24,2024 at 09:10pm
Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...
What Is an NFT Game?
Nov 26,2024 at 07:05am
What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...
What Is an NFT Marketplace?
Nov 22,2024 at 07:43pm
What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...
What Is a Blockchain Network?
Nov 23,2024 at 09:50am
What Is a Blockchain Network?A blockchain network is a distributed and secure digital ledger that records transactions between multiple parties in a verifiable and permanent manner. Unlike traditional centralized ledgers, where a single entity controls the record-keeping, blockchain networks are decentralized, meaning that the ledger is maintained by a ...
What is a Public Key Infrastructure?
Nov 23,2024 at 12:30am
What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...
What is MEV (Miner Extractable Value)?
Nov 22,2024 at 06:22pm
What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...
What is a Genesis Block?
Nov 24,2024 at 09:10pm
Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...
What Is an NFT Game?
Nov 26,2024 at 07:05am
What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...
What Is an NFT Marketplace?
Nov 22,2024 at 07:43pm
What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...
What Is a Blockchain Network?
Nov 23,2024 at 09:50am
What Is a Blockchain Network?A blockchain network is a distributed and secure digital ledger that records transactions between multiple parties in a verifiable and permanent manner. Unlike traditional centralized ledgers, where a single entity controls the record-keeping, blockchain networks are decentralized, meaning that the ledger is maintained by a ...
See all articles
