Price for today
3,126,253 USD 0,44%
0,04874567 BTC 0,44%
Name: Ethereum
Symbol: ETH
Circulating supply: 0 $
Max supply: 0 $
Price: 3 126,2533 $
Volume 24h: 429.994 M $
Market Cap: 378.949 B $
Percent change 24h: 0,44 %
Vitalik Buterin, the father of Ethereum, launched it in 2014 as an alternative to Bitcoin, and even more. Ethereum is not only a cryptocurrency but also a platform for the decentralized application. Many analytics do not believe the cryptocurrencies will live long – but everyone believes the decentralized technologies will develop.
Now Ethereum successfully cooperates with the corporate clients and keeps the top position in the most usable cryptocurrencies top list. Ethereum grows as a currency and as a platform, so it is worth investing.
Surely some of you know what the Ethereum blockchain is, others, on the contrary, do not even have the slightest idea about it. Over the five years of its existence, Ethereum has become the second largest cryptocurrency in terms of capitalization.
In 2021 Ethereum price growth continues, which means that Ethereum remains an increasingly attractive investment tool.
Ethereum is a decentralized platform where the smart contracts,i.e. the applications that work in strict accordance with the algorithm without the possibility of stopping, censoring, falsifying or interfering by the third parties, are launched. In the Ethereum protocol and ETH blockchain, each operation has its own cost. In order to carry out transactions or perform an operation on the network, you must consume or burn Gas. Ether is used as a payment for computation and transaction time.
Ethereum is a platform that aims at helping people easily create decentralized applications (DApps) via blockchain technology.
Ethereum is the foundation for building an alternative, digital financial system which can be completely independent and open. Any new financial system needs its own currency in order to function. Financial applications operating in this environment require an independent asset that is not controlled by any public or private institution in order to act as collateral. Ether (ETH) is the only fully independent asset on Ethereum platform and it can perform different functions, being simultaneously in different aggregate states. This makes ETH the best form of money that humanity has ever invented.
Among numerous Ethereum news on how to buy Ethereum which are constantly appearing on the cryptocurrency market, online crypto exchanges, exchange services and making hand-to-hand purchases remain three the most popular ways to do it.
For five years now, Ethereum has confidently held the second position in the top 5 most sought after cryptocurrencies in terms of market capitalization which is used as an indicator of the dominance and popularity of a coin. On February 18, 2021, the price of Ethereum renewed its all-time high at $ 1,900 while its market capitalization reached $ 218 billion. The exchange rate fluctuates every day. The rise in ETH quotes has led to an increase in the cost of transaction fees on the network. Now this indicator is at the level of about $ 20, while making transactions on decentralized exchanges that operate on Ethereum basis costs $ 100 or more. Ethereum prospects, as well as the historical development of the entire ecosystem, look very solid. Almost half of the tokens which are in the top 100 cryptocurrency list are based on Ethereum technology.
Many experts say that ETH rate will overtake the BTC rate. But the majority of them believe that this is impossible in view of the endless ETH circulation. However, the upcoming Ethereum 2.0 update will turn everything around Ether upside down. At the very least, the introduction of a new level of anonymity and the transition to Proof-of-Stake (POS) can put an end to the free ETH circulation, since the US Securities and Exchange Commission may consider the new type of Ether as securities. If the Commission really does target Ether, it can seriously harm the rise in its price.
Ethereum cryptocurrency remains the most profitable cryptocurrency for GPU mining.
The peculiarity of the process lies in the young age of the cryptocurrency and the large number of prospects. At this stage, it makes sense to start the Ethereum mining process with solo mining without specialized equipment. You don't have to purchase multiple PCs or graphics cards in order to earn Ethereum. The negative side of the process is the complexity of working with the command line, as well as with the withdrawal of the extracted money to an electronic wallet. Ether is mined via video cards, a processor, or both.
You can use any video card for mining, even your own one, without additional installations, provided there is at least 2 GB of free RAM. It is important that the load on the processor does not exceed the earning capacity. In order to improve the efficiency of your PC, you can combine two video cards using the CrossFire technique.
The complexity of the process of mining cryptocurrencies lies in the fact that independent mining loses its effectiveness over the development of the cryptocurrency. Solo mining is ineffective due to the appearance of a lot of competition and blocks in the process. When a block appears, one PC with a high power will not be able to unravel it and obtain cryptocurrency. Therefore, several PCs are combined into pools, and joint industrial production of Ethereum takes place.
The transfer of digital currency as an asset when performing the action envisaged by the smart contract is the main purpose of Ethereum. The smart contract is an automatic and autonomous program that, once launched into the network, excludes outside interference. Smart contracts can be called an ideal system of contractual relationships between people. Moreover, this technology is limitless in its development in everyday life. There are also smart contracts in Bitcoin, but in BTC their capabilities are greatly simplified.
Any centralized systems and applications can be decentralized using Ethereum. The simplest examples are the issuance of loans and borrowings, the voting process, and intermediary services. Once again, no one can make changes to completed actions, not even the creator of the application. This excludes any corruption and fraud.
In December 2020, Ethereum developers announced Ethereum 2.0, a major network upgrade. The transition of the project to the new version is fundamental and will affect the cryptocurrency market in 2021: according to experts, the rate may grow 3-4 times. Therefore, investors consider Ethereum as a profitable investment.
Currently, there are about 115 million ETH coins in circulation.
It is worth noting that since the inception of Ethereum in 2015, the issue of limiting the maximum amount of ETH has been the subject of heated debate among opponents and supporters of the cryptocurrency. Unlike Bitcoin, with a maximum limited number of coins in the amount of 21 million, the number of all ETH coins does not have any limit. This feature was the reason for a small scandal on Twitter recently. Ethereum has always had enough criticism, but until recently, there were no critical problems with the operation of the ETH ecosystem. The situation has changed with the rapid growth of the decentralized finance sector, which relies on Ethereum. As its popularity grew, many Bitcoin fans started asking the same question on Twitter on how many ETH coins actually exist? Ethereum leader Vitalik Buterin also reacted to the comments noting that despite the current very high commissions on the Ethereum network the users continue to use it and pay fees for transactions. According to Vitalik Buterin, this confirms the high demand for ETH among people, which means that the questions about the actual amount of ETH coins in circulation supposedly should not arise, because ETH is used anyway regardless of the above mentioned indicators.
After getting the first income, it remains only to decide what to do with the accumulated coins. Of course, it is better to convert Ethereum to USD or other fiat money, because cryptocurrency, as a payment instrument, has not yet been massively recognized. It is convenient to use it exclusively for making money.
If you have a bank card of VISA / MasterCard payment systems, and this is where you need to transfer cryptocurrency, you can solve the problem in the following ways:
In order to do this, you need to create an order for the ETH sale for fiat money, and wait for a buyer.
If your goal is to conclude a deal at the most favorable rate, then you will have to wait for a long time. Next step is to make a transfer to the card. It can also take several days, or even a week. As you can see, the method is slow. In addition, for transfers to bank cards, you will have to go through the verification procedure. Consequently, the confidentiality of transactions is lost;
As a way of solving the problem, the offers from individuals take place, but they often turn out to be very risky and unprofitable. There is no guarantee that you will not be deceived by appropriating crypto coins.
This is the best option. Transactions are carried out quickly, easily and profitably and very often without any registrations. Of course, there are also swindlers among such sites, but it is not difficult to avoid them.
