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About Ethereum

Ether (Ethereum) is the cryptocurrency generated by the Ethereum protocol as a reward to miners in a proof-of-work system for adding blocks to the blockchain. It is the only currency accepted in the payment of transaction fees, which also go to miners. The block reward together with the transaction fees provide the incentive to miners to keep the blockchain growing (i.e. to keep processing new transactions). Therefore, ETH is fundamental to the operation of the network. Each Ethereum account has an ETH balance and may send ETH to any other account. The smallest subunit of ETH is known as a Wei and is equal to 10−18 ETH.

Stats

Popularity
#2
Market cap
$238,298,421,237
All-time high
$4,878.26
24h high
$2,058.15
24h low
$1,927.62