Ethereum price (ETH)

Price in CZK

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Market Capitalization 190.09B USD

Circulating Supply 120,683,477

Ethereum (ETH)

Ethereum is the second most popular and second-largest cryptocurrency. It has a wide base of developers and a very active community. Ethereum operates as a platform for building decentralized applications that provide similar services to the traditional financial system — loans, options, interest — without the involvement of a third party or bank. Ethereum transitioned from PoW to a more efficient network operation model — Proof of Stake.

The unit of Ethereum is ETH, often counted in a smaller unit called gwei. There is no maximum supply of Ethereum units, but the network implements a burn mechanism to intentionally reduce the circulating supply over time.

Use Cases

Ethereum is not just a payment network. It acts like a programmable computer for applications. Due to technical differences from Bitcoin, Ethereum can host applications that provide financial services to anyone with internet access. Through smart contracts, everything is automated, and there is no need for a third party to approve or control the process.

Ethereum has introduced several major innovations to the world:

DeFi – an alternative financial system operating without banks and open to all,
dApps – applications for the new digital and decentralized economy,
NFTs – unique tokens defining ownership of digital files,
DAOs – organizations operating on community voting without central authority,
Stablecoins – cryptocurrencies pegged to stable assets, usually the dollar.

Anyone owning Ethereum (specifically 32 ETH) can join network operations and help validate newly created blocks of transactions.

History and Origins

Ethereum was created in 2015. It was founded by Vitalik Buterin, who had previously contributed to Bitcoin development and founded Bitcoin Magazine.

Ethereum gained widespread attention following the controversy associated with the DAO hack. The fault did not lie with the Ethereum network itself but with the DAO organization. This incident led to a split and the creation of two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

Since its inception, Ethereum has attracted developers thanks to the capabilities the network offers and ongoing technical advancements through forks (upgrades). A major fork was "Paris" (The Merge), during which Ethereum transitioned to the Proof of Stake mechanism in September 2022.

How Does Ethereum Work?

Ethereum functions as a decentralized network of computers (nodes) that collectively manage the blockchain database. This blockchain stores not only transaction records but also the code of smart contracts, which execute automatically without human intervention. After the transition to Proof of Stake in 2022, transactions are validated by validators who stake their ETH as a guarantee of correct behavior. Every operation on the network requires paying a gas fee in ETH, which incentivizes validators and prevents network spam.

How Is Ethereum Different from Bitcoin?

Bitcoin is often compared to digital gold, while Ethereum is like an open operating system for financial and other applications.

Main differences:

Bitcoin has a limited supply of coins (21 million), whereas Ethereum does not (though token burning is active),
Bitcoin resists changes and maintains a stable structure, while Ethereum undergoes continuous technical evolution,
Bitcoin is primarily a store of value, while Ethereum is a platform for building decentralized applications.

Sources

Websites

Official website

Whitepaper

Blockchain explorer

Socials

Ethereum and what people ask most:

Will Ethereum ever surpass Bitcoin?

Nobody knows. This theoretical competition is called "flippening" — a scenario where Ethereum surpasses Bitcoin in market capitalization.

Does Ethereum have a maximum coin supply?

Ethereum does not have a fixed maximum supply. There can be an unlimited number of ETH units, but the network operates a regulatory rule that regularly burns a certain amount of coins, thus reducing the supply.

What is Ethereum 2.0?

Ethereum had been planning for several years to transition from proof-of-work (the way new cryptocurrency units are created and transactions recorded into blocks) to proof-of-stake (new units are created by validating transaction blocks). After the transition, people often referred to the network as "Ethereum 2.0." However, the cryptocurrency name did not change — it simply indicated an improvement and evolution of Ethereum. This transition was successfully completed in 2022.

Few of our numbers

2014

Our founding year. In crypto,
one decade is a small eternity.

€4 B

The volume we managed to trade so far.

120 k+

People from all over the world put their trust in us. Thank you.