Ethereum (ETH)

Information about the coin Ethereum (Ticker Code: ETH)

Asset Information

Asset Name: Ethereum
Trade Ticker: ETH
Logo Icon:
Asset Type: Coin
Circulation: 111,150,438 ETH   (Updated: 2020-05-31 05:03:24)
Market Cap: $26,464,921,797 USD
Premine: No
Proof Type: POW (Transitioning to POS)
Algorithm: Ethash
Categories: Smart Contract Platform
Social Contacts: Twitter   Reddit   Facebook   YouTube  
7 Day Sparkline:
Average Price:

altilly ETH (Ethereum) Balance SheetWhat is this?  

Last Updated: 2020-05-31 05:26:12 UTC
Customer Funds on Deposit 256.41669890 ETH
Customer Funds Pending Deposit 0.00000000 ETH
Customer Funds Pending Withdrawals 0.00000000 ETH
Total Liabilities 256.41669890 ETH
In Deposit Wallets 8.50260494 ETH
In Transit Dep-->WD Wallet 41.64727500 ETH
In Withdrawal Wallets 260.03350326 ETH
In Safe Storage (0.00%) 0.00000000 ETH
Total Assets 310.18338320 ETH
Balance 53.76668430 ETH (120.968%)

Liabilities Est. USD Value $61,052.82
Assets Est. USD Value $73,854.67
Balance Est. USD Value $12801.85 (120.968%)

Ethereum (ETH) is trading in 6 markets at altilly.

What is Ethereum for beginners?
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.

Is Ethereum similar to Bitcoin? Well, sort of, but not really.

Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.

In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.

What is a smart contract?
Smart contract is just a phrase used to describe computer code that can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. Because smart contracts run on the blockchain, they run exactly as programmed without any possibility of censorship, downtime, fraud or third party interference.

While all blockchains have the ability to process code, most are severely limited. Ethereum is different. Rather than giving a set of limited operations, Ethereum allows developers to create whatever operations they want. This means developers can build thousands of different applications that go way beyond anything we have seen before.

Ethereum Wallets
Ethereum wallets are fairly simple to set up with multiple popular choices such as myetherwallet, metamask, and even Trezor.