Ethereum ETH
Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2015
№2of 40 004
- $2 481
- Price −0.75%
- $288.37 billion
- Capitalization
- $8.96 billion
- Volume over 24 hours
- 10.67%
- Dominance
About the coin
- Circulating supply
- 122.16 million ETH
- Total supply
- 122.16 million ETH
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $288.37 billion
- 24h high
- $2 523
- 24h low
- $2 442
Ethereum is a decentralized blockchain platform for smart contracts and applications. It was launched in 2015 based on an idea by Vitalik Buterin. The network's native cryptocurrency ETH (ether) is used to pay transaction fees and as collateral for transaction confirmation. Since 2022, Ethereum operates on the Proof-of-Stake algorithm: blocks are created not by miners, but by validators who have staked ETH. A significant portion of the decentralized finance (DeFi) ecosystem, stablecoins, NFTs, and second-layer scaling networks are built on Ethereum. ETH is one of the largest cryptocurrencies by market capitalization and is traded on virtually all cryptocurrency exchanges.
Additional information
FAQ
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Ethereum is a global decentralized blockchain platform that allows developers to create and run smart contracts and decentralized applications (dApps). The network's native coin (ETH) is used as "digital fuel" to pay transaction fees and perform computational operations.
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While Bitcoin was created solely as a decentralized payment system and alternative to fiat money ('digital gold'), Ethereum is a programmable environment. The entire decentralized finance (DeFi) industry, tokens (ERC-20), NFT collections, and Web3 applications are built on Ethereum.
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In September 2022, following a major upgrade called The Merge, the Ethereum network fully transitioned to the Proof-of-Stake (PoS) consensus algorithm. Traditional GPU mining (PoW) was discontinued. Network security is now maintained by validators who lock their ETH coins in staking.
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Smart contracts are self-executing digital algorithms written in blockchain code. They automatically execute agreement terms between parties when predetermined conditions occur. This enables conducting transactions, exchanges, and operations without lawyers, banks, or other intermediaries.
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Gas is a unit of measurement for computational work required to execute a transaction or smart contract in the Ethereum network. Gas price is measured in fractions of ETH (Gwei) and changes dynamically depending on current network congestion: the more people making transfers simultaneously, the higher the fee.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .