- Last Price2,507.95
- Turnover (24h)45.55M
- All-Time High4,878.26
- Total Supply120.72M
- Fully Diluted Market Cap302.76B
- Ranking2
- Market Cap302.76B
- All-Time Low0.43
- Circulating Supply120.72M
What is ETH
Learned by 8.9k usersPublished on 2024.03.29Last updated on 2025.01.26
2,507.95
-0.46%
Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
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1. What Is Ethereum?
Ethereum is a next-generation cryptographic ledger that intends to support numerous advanced features, including user-issued currencies, smart contracts, decentralized exchange, and the implementation of decentralized autonomous organizations (DAOs) or companies (DACs). Instead of attempting to specifically support each individual type of functionality as a feature, Ethereum includes a built-in Turing-complete scripting language, which allows you to code the features yourself through a mechanism known as “contracts”. A contract is like an autonomous agent that runs a certain piece of code every time a transaction is sent to it, and this code can modify the contract's internal data storage or send transactions. Advanced contracts can even modify their own code.
In simpler terms, Ethereum is an open-source platform for digital currency and blockchain that provides developers with a platform to build and deploy applications on the blockchain. Ethereum can be used to codify, decentralize, secure and trade just about anything: Voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property, and even smart property thanks to hardware integration.
On February 28, 2017, a group of global companies representing the oil, gas, financial, and software development industries officially launched the Enterprise Ethereum Alliance (EEA), dedicated to developing Ethereum into an enterprise-grade blockchain. These companies include British oil giant BP, J.P. Morgan, software developer Microsoft, Accenture, Santander Bank, BlockApps, BNY Mellon, CME Group, ConsenSys, Intel, and Nuco. Many companies or organizations are developing projects based on the Ethereum blockchain and issuing tokens. The United Nations World Food Programme successfully used the Ethereum blockchain to aid 10,000 refugees.
2. Other Basics
English Name: Ethereum
Abbreviation: ETH
Developer: Vitalik Buterin
Core Algorithm: Ethash
Release Date: March 20, 2015
Total Supply: 72 million + 18.72 million/year
Main Features: Distinct features including digital currency and smart contracts
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
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What is ETH
1. What Is Ethereum?Ethereum is a next-generation cryptographic ledger that intends to support numerous advanced features, including user-issued currencies, smart contracts, decentralized exchange, and the implementation of decentralized autonomous organizations (DAOs) or companies (DACs). Instead of attempting to specifically support each individual type of functionality as a feature, Ethereum includes a built-in Turing-complete scripting language, which allows you to code the features yourself through a mechanism known as “contracts”. A contract is like an autonomous agent that runs a certain piece of code every time a transaction is sent to it, and this code can modify the contract's internal data storage or send transactions. Advanced contracts can even modify their own code.In simpler terms, Ethereum is an open-source platform for digital currency and blockchain that provides developers with a platform to build and deploy applications on the blockchain. Ethereum can be used to codify, decentralize, secure and trade just about anything: Voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property, and even smart property thanks to hardware integration.On February 28, 2017, a group of global companies representing the oil, gas, financial, and software development industries officially launched the Enterprise Ethereum Alliance (EEA), dedicated to developing Ethereum into an enterprise-grade blockchain. These companies include British oil giant BP, J.P. Morgan, software developer Microsoft, Accenture, Santander Bank, BlockApps, BNY Mellon, CME Group, ConsenSys, Intel, and Nuco. Many companies or organizations are developing projects based on the Ethereum blockchain and issuing tokens. The United Nations World Food Programme successfully used the Ethereum blockchain to aid 10,000 refugees.2. Other BasicsEnglish Name: EthereumAbbreviation: ETHDeveloper: Vitalik ButerinCore Algorithm: EthashRelease Date: March 20, 2015Total Supply: 72 million + 18.72 million/year Main Features: Distinct features including digital currency and smart contracts Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.
8.9k Total ViewsPublished 2024.03.29Updated 2025.01.26
What is ETH 2.0
ETH 2.0: A New Era for Ethereum Introduction ETH 2.0, widely known as Ethereum 2.0, marks a monumental upgrade to the Ethereum blockchain. This transition is not merely a facelift; it aims to fundamentally enhance the network's scalability, security, and sustainability. With a shift from the energy-intensive Proof of Work (PoW) consensus mechanism to a more efficient Proof of Stake (PoS), ETH 2.0 promises a transformative approach to the blockchain ecosystem. What is ETH 2.0? ETH 2.0 is an assembly of distinctive, interconnected updates focused on optimizing Ethereum's capabilities and performance. The overhaul is designed to address critical challenges that the existing Ethereum mechanism has faced, particularly regarding transaction speed and network congestion. Objectives of ETH 2.0 The primary objectives of ETH 2.0 revolve around improving three core aspects: Scalability: Aiming to significantly enhance the number of transactions the network can handle per second, ETH 2.0 seeks to move beyond the current limitation of approximately 15 transactions per second, potentially reaching thousands. Security: Enhanced security measures are integral to ETH 2.0, particularly through improved resistance against cyberattacks and the preservation of the decentralised ethos of Ethereum. Sustainability: The new PoS mechanism is designed not only to improve efficiency but also to drastically reduce energy consumption, aligning Ethereum's operational framework with environmental considerations. Who is the Creator of ETH 2.0? The creation of ETH 2.0 can be attributed to the Ethereum Foundation. This nonprofit organization, which plays a crucial role in supporting Ethereum’s development, is spearheaded by notable co-founder Vitalik Buterin. His vision for a more scalable and sustainable Ethereum has been the driving force behind this upgrade, involving contributions from a global community of developers and enthusiasts dedicated to improving the protocol. Who Are the Investors of ETH 2.0? While the specifics surrounding investors for ETH 2.0 have not been made public, the Ethereum Foundation is known to receive support from various organizations and individuals in the blockchain and technology space. These partners include venture capital firms, technology companies, and philanthropic organisations that share a mutual interest in supporting the development of decentralized technologies and blockchain infrastructure. How Does ETH 2.0 Work? ETH 2.0 is notable for introducing a series of key features that differentiate it from its predecessor. Proof of Stake (PoS) The transition to a PoS consensus mechanism is one of the hallmark changes of ETH 2.0. Unlike PoW, which relies on energy-intensive mining for transaction verification, PoS allows users to validate transactions and create new blocks in accordance with the number of ETH they stake in the network. This leads to enhanced energy efficiency, reducing consumption by approximately 99.95%, making Ethereum 2.0 a considerably greener alternative. Shard Chains Shard chains are another critical innovation of ETH 2.0. These smaller chains operate in parallel with the primary Ethereum chain, enabling multiple transactions to be processed simultaneously. This approach enhances the overall capacity of the network, addressing scalability concerns that have plagued Ethereum. Beacon Chain At the core of ETH 2.0 is the Beacon Chain, which coordinates the network and manages the PoS protocol. It serves as an organizer of sorts: it oversees the validators, ensures that shards remain connected to the network, and monitors the overall health of the blockchain ecosystem. Timeline of ETH 2.0 The journey of ETH 2.0 has been marked by several key milestones that chart the evolution of this significant upgrade: December 2020: The launch of the Beacon Chain marked the introduction of PoS, setting the stage for the migration to ETH 2.0. September 2022: The completion of “The Merge” represents a pivotal moment where the Ethereum network successfully transitioned from a PoW to a PoS framework, heralding a new era for Ethereum. 2023: The expected rollout of shard chains aims to further enhance the scalability of the Ethereum network, solidifying ETH 2.0 as a robust platform for decentralized applications and services. Key Features and Benefits Improved Scalability One of the most significant advantages of ETH 2.0 is its improved scalability. The combination of PoS and shard chains enables the network to expand its capacity, allowing it to accommodate a far greater volume of transactions compared to the legacy system. Energy Efficiency The implementation of PoS represents a tremendous step towards energy efficiency in blockchain technology. By reducing energy consumption drastically, ETH 2.0 not only reduces operational costs but also aligns more closely with global sustainability goals. Enhanced Security ETH 2.0's updated mechanisms contribute to improved security across the network. The deployment of PoS, along with innovative control measures established through shard chains and the Beacon Chain, ensures a higher degree of protection against potential threats. Lower Costs for Users As scalability improves, the effects on transaction costs will also be evident. Heightened capacity and reduced congestion are expected to translate into lower fees for users, making Ethereum more accessible for everyday transactions. Conclusion ETH 2.0 marks a significant evolution in the Ethereum blockchain ecosystem. As it addresses pivotal issues such as scalability, energy consumption, transaction efficiency, and overall security, the importance of this upgrade cannot be overstated. The shift to Proof of Stake, the introduction of shard chains, and the foundational work of the Beacon Chain are indicative of a future where Ethereum can meet the increasing demands of the decentralized marketplace. In an industry driven by innovation and progress, ETH 2.0 stands as a testament to the capabilities of blockchain technology in paving the way for a more sustainable and efficient digital economy.
150 Total ViewsPublished 2024.04.01Updated 2024.12.03
What is ETH 3.0
ETH3.0 and $eth 3.0: An In-Depth Examination of the Future of Ethereum Introduction In the rapidly evolving landscape of cryptocurrency and blockchain technology, ETH3.0, often denoted as $eth 3.0, has emerged as a topic of considerable interest and speculation. The term encompasses two principal concepts that warrant clarification: Ethereum 3.0: This represents a potential future upgrade aimed at augmenting the existing Ethereum blockchain's capabilities, particularly focusing on improving scalability and performance. ETH3.0 Meme Token: This distinct cryptocurrency project seeks to leverage the Ethereum blockchain in creating a meme-centric ecosystem, promoting engagement within the cryptocurrency community. Understanding these facets of ETH3.0 is essential not only for crypto enthusiasts but also for those observing broader technological trends in the digital space. What is ETH3.0? Ethereum 3.0 Ethereum 3.0 is touted as a proposed upgrade to the already established Ethereum network, which has been the backbone of many decentralized applications (dApps) and smart contracts since its inception. The envisioned enhancements primarily concentrate on scalability—integrating advanced technologies such as sharding and zero-knowledge proofs (zk-proofs). These technological innovations aim to facilitate an unprecedented number of transactions per second (TPS), potentially reaching millions, thereby addressing one of the most significant limitations faced by current blockchain technology. The improvement is not merely technical but also strategic; it is aimed at preparing the Ethereum network for widespread adoption and utility in a future marked by increased demand for decentralized solutions. ETH3.0 Meme Token In contrast to Ethereum 3.0, the ETH3.0 Meme Token ventures into a lighter and more playful domain by combining internet meme culture with cryptocurrency dynamics. This project allows users to buy, sell, and trade memes on the Ethereum blockchain, providing a platform that fosters community engagement through creativity and shared interests. The ETH3.0 Meme Token aims to demonstrate how blockchain technology can intersect with digital culture, creating use cases that are both entertaining and financially viable. Who is the Creator of ETH3.0? Ethereum 3.0 The initiative towards Ethereum 3.0 is primarily propelled by a consortium of developers and researchers within the Ethereum community, notably including Justin Drake. Known for his insights and contributions to the evolution of Ethereum, Drake has been a prominent figure in discussions about transitioning Ethereum into a new consensus layer, referred to as the “Beam Chain.” This collaborative approach to development signifies that Ethereum 3.0 is not the product of a singular creator but rather a manifestation of collective ingenuity focused on advancing blockchain technology. ETH3.0 Meme Token Details regarding the creator of the ETH3.0 Meme Token are currently untraceable. The nature of meme tokens often leads to a more decentralized and community-driven structure, which could explain the lack of specific attribution. This aligns with the ethos of the broader crypto community, where innovation often arises from collaborative rather than individual efforts. Who are the Investors of ETH3.0? Ethereum 3.0 The support for Ethereum 3.0 primarily stems from the Ethereum Foundation alongside an enthusiastic community of developers and investors. This foundational association provides a significant degree of legitimacy and enhances the prospect of successful implementation as it leverages the trust and credibility built over years of network operations. In the rapidly changing climate of cryptocurrencies, community support plays a crucial role in driving development and adoption, positioning Ethereum 3.0 as a serious contender for future blockchain advancements. ETH3.0 Meme Token While the sources currently available do not provide explicit information regarding the investment foundations or organizations backing the ETH3.0 Meme Token, it is indicative of the typical funding model for meme tokens, which often relies on grassroots support and community engagement. Investors in such projects typically consist of individuals motivated by the potential for community-driven innovation and the spirit of cooperation found within the crypto community. How Does ETH3.0 Work? Ethereum 3.0 The distinguishing features of Ethereum 3.0 lie in its proposed implementation of sharding and zk-proof technology. Sharding is a method of partitioning the blockchain into smaller, manageable pieces or “shards,” which can process transactions concurrently rather than sequentially. This decentralization of processing helps prevent congestion and ensures the network remains responsive even under heavy load. Zero-knowledge proof (zk-proof) technology contributes another layer of sophistication by allowing transaction validation without revealing the underlying data involved. This aspect not only enhances privacy but also increases the overall efficiency of the network. There is also talk of incorporating a zero-knowledge Ethereum Virtual Machine (zkEVM) into this upgrade, further amplifying the network's capabilities and utility. ETH3.0 Meme Token The ETH3.0 Meme Token distinguishes itself by capitalizing on the popularity of meme culture. It establishes a marketplace for users to partake in meme trading, not solely for entertainment but also for potential economic gain. By integrating features such as staking, liquidity provision, and governance mechanisms, the project fosters an environment that incentivizes community interaction and participation. By offering a unique blend of entertainment and economic opportunity, the ETH3.0 Meme Token aims to attract a diverse audience, ranging from crypto enthusiasts to casual meme connoisseurs. Timeline of ETH3.0 Ethereum 3.0 November 11, 2024: Justin Drake hints at the forthcoming ETH 3.0 upgrade, centered around scalability improvements. This announcement signifies the beginning of formal discussions regarding the future architecture of Ethereum. November 12, 2024: The anticipated proposal for Ethereum 3.0 is expected to be unveiled at Devcon in Bangkok, setting the stage for broader community feedback and potential next steps in development. ETH3.0 Meme Token March 21, 2024: The ETH3.0 Meme Token is officially listed on CoinMarketCap, marking its foray into the public crypto domain and enhancing visibility for its meme-based ecosystem. Key Points In conclusion, Ethereum 3.0 represents a significant evolution within the Ethereum network, focusing on overcoming limitations regarding scalability and performance through advanced technologies. Its proposed upgrades reflect a proactive approach to future demands and usability. On the other hand, the ETH3.0 Meme Token encapsulates the essence of community-driven culture in the cryptocurrency space, leveraging meme culture to create engaging platforms that encourage user creativity and participation. Understanding the distinct purposes and functionalities of ETH3.0 and $eth 3.0 is paramount for anyone interested in the ongoing developments within the crypto space. With both initiatives paving unique paths, they collectively underline the dynamic and multifaceted nature of blockchain innovation.
159 Total ViewsPublished 2024.04.01Updated 2024.12.03
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