$ETH

ETH

3,319.11

+6.29%

Ethereum is an open-source platform supported by blockchain technology, enabling decentralized smart contracts, which allows developers to create a wide range of products and services.

Ether (ETH) is the native digital currency of the Ethereum network and the second largest cryptocurrency by market capitalization, launched in 2015.

Initially, the Ethereum currency operated on a Proof of Work (PoW) consensus mechanism, just like Bitcoin. However, beyond that, the network aims to transition to a Proof of Stake (PoS) mechanism in 2022 to increase energy efficiency and scalability.