|Market Cap||Volume||Available Supply|
|$289.52 B||$22.85 B||119.33 M ETH|
Ethereum price today is $2,425.28, Ethereum price -3.11% down in 24h, Ethereum market cap is $289.52 B, Ethereum exchanges, Ethereum price prediction, price charts, market live
Ethereum was created by 19-year-old Vitalik Buterin in 2015. It is also a decentralized currency like Bitcoin and works on blockchain technology.
But here is the kicker the use of the same blockchain technology separates Ethereum from Bitcoin.
"Ethereum is a decentralized platform that runs smart contracts”
That's how Ethereum is defined on the Ethereum website
So let us understand the term 'smart contracts'.
While Bitcoin’s blockchain technology records, stores and replicates transaction data on many computers around the world.
Showing how digital money moved from one place to another.
The Ethereum blockchain technology has expanded this concept one step further and also runs computer code equivalently on many computers around the world which are phrased as smart contracts.
So in simple and common words smart contract is a term used to describe the computer code that facilitates the exchange of money, contract, property, or any asset which have value.
As these small contracts run on the blockchain and strictly run (executes) as programmed.
It neglects any possibility of fraud, interference, third-party control, or downtime.
In the Ethereum blockchain, miners work to earn 'Ether' a crypto token that fuels the network.
Ether crypto token is rewarded to miners for their work.
Which is the same transaction fee that we pay during sending or receiving the Ethereum coin.