Ethereum (ETH) Price Statistics

Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the platform's native cryptocurrency and also serves as a transaction fee for miners on the Ethereum network.

Ethereum, launched in 2015, is considered the pioneer of blockchain-based smart contracts. Smart contracts are essentially computer code that run exactly as programmed, without the possibility of failures, censorship, fraud, or third-party interference. Smart contracts can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met.

Ethereum gives developers full control over the customization of their smart contracts, giving them the ability to create unique and innovative applications.

Since Ethereum was the first blockchain-based smart contract platform, it has gained great popularity, which has led to new competitors fighting for market shares. The competitors include: Tron, Cardano, Solana, Avalanche, Aleph Zero and many others.