Ethereum is a global, open-source platform for decentralized applications. In other words, it is a decentralized blockchain platform that enables developers to build and deploy smart contracts and applications without central authority control. Unlike Bitcoin, which primarily functions as digital currency, Ethereum operates as a programmable global computer where developers can create any type of decentralized service.
The platform hosts over $14 billion in DeFi applications with hundreds of thousands of active users across financial protocols, NFT marketplaces, and gaming platforms. Its transition to Proof of Stake in September 2022 reduced energy consumption by over 99%, addressing environmental concerns while strengthening network security.
The network operates through thousands of independent validator nodes that process transactions and execute smart contracts on the Ethereum Virtual Machine. Smart contracts are self-executing programs written in Solidity that automatically carry out agreements when conditions are met, eliminating intermediaries like banks or brokers.
Validators stake ETH as collateral to propose and validate blocks, earning rewards for honest participation while facing penalties for malicious behavior. The EIP-1559 upgrade introduced a dynamic base fee mechanism that burns ETH with each transaction, creating deflationary pressure during high network activity when more ETH is burned than issued to validators.
Vitalik Buterin proposed Ethereum in 2013, but seven co-founders helped build it, including Gavin Wood who created Solidity and the EVM technical specification, and Joseph Lubin who founded ConsenSys. The project launched in July 2015 after raising over $18 million through crowdfunding, quickly becoming the largest blockchain developer community. Major milestones include the 2020 Beacon Chain launch, the 2021 London hard fork implementing fee burning, and the 2022 Merge to Proof of Stake.
Ether (ETH) serves multiple functions: paying transaction fees (gas), staking to secure the network and earn 3-5% annual yields, serving as collateral in DeFi protocols, and purchasing NFTs and digital assets. The asset is increasingly adopted by traditional institutions, with publicly traded companies adding ETH to corporate treasuries to generate staking yields while maintaining blockchain exposure, and in 2024, the SEC approved spot Ethereum ETFs, allowing traditional investors to gain exposure through conventional brokerage accounts.
Ethereum's roadmap focuses on dramatically increasing transaction capacity to over 100,000 per second, reducing confirmation times, and enhancing decentralization while maintaining security against future threats like quantum computing.
Where is Ethereum available for purchase?
You can exchange ETH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Ethereum is CoinUp.io, notably the ETH/USDT pair, which saw a trading volume of $ 9,68 BN. in the past day. Additionally, Binance and Tapbit are popular alternatives for trading tokens.
What is the highest value Ethereum (ETH) has ever reached?
Ethereum (ETH) reached its peak price at 4,946.05 $ on 24 August 2025, approximately 4 months ago ago. Presently, the current price is -32.86% lower than this all-time high.
What is the historical minimum price for Ethereum (ETH)?
The minimum price reached for Ethereum (ETH) was 0.4329 $, documented on 20 October 2015, more than 10 years ago. In comparison, the current price is 766,837.88%, it above this historical low.
What is the fully diluted valuation of Ethereum (ETH)?
The fully diluted valuation (FDV) of Ethereum (ETH) stands at $ 401,24 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of ETH tokens. The realization of this FDV might take several years depending on the emission schedule of ETH tokens.