ETH is the native cryptocurrency of the Ethereum blockchain, a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps). Here are some key points about ETH:
- Symbol: ETH
- Blockchain: Ethereum
- Type: Cryptocurrency
- Supply: 121,529,626 ETH (circulating supply)
- Price: Around $1,300 (fluctuates due to market conditions)
- Market Capitalization: Approximately $157 billion
- Use Cases:
- Paying for transaction fees on the Ethereum network
- Creating and interacting with smart contracts and dApps
- Decentralized finance (DeFi) applications
- Non-fungible tokens (NFTs)
- Features:
- Programmable smart contracts
- Decentralized governance
- Security measures (e.g., proof-of-work consensus algorithm)
- Wide adoption and recognition
ETH is one of the most widely recognized and widely-held cryptocurrencies, and it plays a crucial role in the Ethereum ecosystem. Its price can be volatile, but it has generally trended upward over time.$ETH