
Discovery Crypto //
Ethereum (Ether)
ETH
Learn about the blockchain taking on Bitcoin.
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ETHEthereum
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Price$ 2,459.50
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Change1.66%
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Marketcap$ 284.14 B
What is Ethereum (Ether)?
By Jack J. Sheppard // September 4, 2020
The Ethereum blockchain was launched in 2015 as a decentralized and open-source blockchain that offers the functionality of smart contracts. The cryptocurrency (Ether) is generated for Ethereum miners as a reward for computations performed to secure the entire blockchain. Ethereum is the second-largest cryptocurrency platform in the world only next to bitcoin. It is defined as a data-friendly service that is open to all as a community-built technology that empowers the cryptocurrency Ether (ETH). Moreover, secure blockchain technology and distributed ledger is utilized to provide security to thousands of applications that we use.