Ethereum News

Ethereum is a blockchain on which a special token Ether (ETH) runs. Vitalik Buterin, a cryptocurrency researcher and programmer, proposed Ethereum in 2013, and the system went live in 2015. It supports a modified structure of Nakamoto’s consensus through transitions that are based on transactions. Ethereum is an open-source computing platform that is based on the blockchain technology. It is open to the public. If we compare Bitcoin and Ethereum, then the major difference we can point at is that BTC is just a cryptocurrency, but Ethereum, on the other hand, is a ledger-based technology. It can be used for creating new programs and building decentralized applications. In a way, we can call Ethereum as Ethereum 2.0 if Bitcoin is called Bitcoin 1.0.

Ethereum’s cryptocurrency, Ether, is generated as a reward to mining nodes for computation performed. This operating system offers a decentralized virtual machine called Ethereum Virtual Machine (EVM.) EVM used public nodes internationally to execute smart contract scripting. As per press time, the current market price of Ethereum is 146.49 USD or 0.02216 BTC. In the recent past, it was struggling with low prices, but despite that, the market experts predict that it is positioned to rally high this year. As per the latest news, the market cap of ETH is 2,441,626 BTC, with the ongoing circulating supply of 110.171,243 ETH.