Ethereum (ETH) Price Overview
As of today, the price of Ethereum (ETH) in British Pounds (GBP) stands at £2,061.55. This platform offers comprehensive resources for buying, selling, converting, investing, and tracking Ethereum, alongside news, predictions, and charts.
Key Details & Technical Information
A transaction hash example: 0x0200070000000000000000000000000000000000000000000000000000000000 KT19at7rQUvyjxnZ2fBv7D9zc8rkyG7gAoU8 ibc/EA1D43981D5C9A1C4AAEA9C23BB1D4FA126BA9BC7020A25E0AE4AA841EA25DC5. Another transaction hash: 0x85219708c49aa701871ad330a94ea0f41dff24ca.
What is Ethereum?
Ethereum is a decentralized, open-source blockchain technology designed to serve as a global platform for decentralized applications (dApps). It differs from a simple payment system, offering a broader scope of functionality.
“Is for more than payments. It's a marketplace of financial services, games, and apps that can't steal your data or censor you.”
– The Ethereum Foundation
Market Position and Functionality
As of 2023, Ethereum holds the position of the second-largest cryptocurrency by market capitalization, following Bitcoin. It operates as a decentralized computing platform, capable of supporting a diverse range of applications, particularly within the Decentralized Finance (DeFi) sector.
Ether and Network Operation
The platform's functionality is powered by its native cryptocurrency, Ether. Ether plays a vital role in the Ethereum network, facilitating various operations and serving as an integral component of the ecosystem. The network functions as a distributed supercomputer, utilizing a process called mining to validate and process transactions.
Miners, who are participants within the network, solve complex mathematical problems to confirm transactions, which are subsequently added to the Ethereum blockchain.
Disclaimer: Past performance is not indicative of future results.