Ethereum (CURRENCY:ETH) traded 1.7% lower against the dollar during the twenty-four hour period ending at 19:00 PM E.T. on August 12th. One Ethereum coin can now be bought for $211.28 or 0.01856482 BTC on major exchanges including IDEX, CoinTiger, Gate.io and Instant Bitex. Ethereum has a market capitalization of $22.67 billion and approximately $5.67 billion worth of Ethereum was traded on exchanges in the last 24 hours. Over the last week, Ethereum has traded 8.8% lower against the dollar.
Here is how similar cryptocurrencies have performed over the last 24 hours:
- Ethereum Classic (ETC) traded 0.4% lower against the dollar and now trades at $5.79 or 0.00050861 BTC.
- Ether Zero (ETZ) traded 10.9% lower against the dollar and now trades at $0.0751 or 0.00000659 BTC.
- Callisto Network (CLO) traded 14.6% lower against the dollar and now trades at $0.0017 or 0.00000015 BTC.
- Bitcoiin (B2G) traded 8.9% lower against the dollar and now trades at $0.0098 or 0.00000086 BTC.
- Musicoin (MUSIC) traded flat against the dollar and now trades at $0.0002 or 0.00000002 BTC.
- Bowhead (AHT) traded flat against the dollar and now trades at $0.0244 or 0.00000377 BTC.
- Ellaism (ELLA) traded 0.8% lower against the dollar and now trades at $0.0034 or 0.00000030 BTC.
- DaxxCoin (DAXX) traded flat against the dollar and now trades at $0.0001 or 0.00000003 BTC.
- Elementrem (ELE) traded flat against the dollar and now trades at $0.0011 or 0.00000009 BTC.
- Akroma (AKA) traded down 0.8% against the dollar and now trades at $0.0011 or 0.00000010 BTC.
Ethereum Coin Profile
ETH is a proof-of-work (PoW) coin that uses the Ethash hashing algorithm. Its genesis date was July 30th, 2015. Ethereum’s total supply is 107,296,268 coins. Ethereum’s official website is www.ethereum.org. The Reddit community for Ethereum is /r/ethereum and the currency’s Github account can be viewed here. Ethereum’s official message board is forum.ethereum.org. Ethereum’s official Twitter account is @ethereumproject and its Facebook page is accessible here.
According to CryptoCompare, “Sandwich complexity model: the bottom level architecture of Ethereum should be as simple as possible, and the interfaces to Ethereum (including high level programming languages for developers and the user interface for users) should be as easy to understand as possible. Where complexity is inevitable, it should be pushed into the “middle layers” of the protocol, that are not part of the core consensus but are also not seen by end users – high-level-language compilers, argument serialization and deserialization scripts, storage data structure models, the leveldb storage interface and the wire protocol, etc. However, this preference is not absolute. Freedom: users should not be restricted in what they use the Ethereum protocol for, and we should not attempt to preferentially favor or disfavor certain kinds of Ethereum contracts or transactions based on the nature of their purpose. This is similar to the guiding principle behind the concept of “net neutrality”. One example of this principle not being followed is the situation in the Bitcoin transaction protocol where use of the blockchain for “off-label” purposes (eg. data storage, meta-protocols) is discouraged, and in some cases explicit quasi-protocol changes (eg. OP_RETURN restriction to 40 bytes) are made to attempt to attack applications using the blockchain in “unauthorized” ways. In Ethereum, we instead strongly favor the approach of setting up transaction fees in such a way as to be roughly incentive-compatible, such that users that use the blockchain in bloat-producing ways internalize the cost of their activities (ie. Pigovian taxation). Generalization: protocol features and opcodes in Ethereum should embody maximally low-level concepts, so that they can be combined in arbitrary ways including ways that may not seem useful today but which may become useful later, and so that a bundle of low-level concepts can be made more efficient by stripping out some of its functionality when it is not necessary. An example of this principle being followed is our choice of a LOG opcode as a way of feeding information to (particularly light client) dapps, as opposed to simply logging all transactions and messages as was internally suggested earlier – the concept of “message” is really the agglomeration of multiple concepts, including “function call” and “event interesting to outside watchers”, and it is worth separating the two. Have No Features: as a corollary to generalization, the dev team often refuses to build in even very common high-level use cases as intrinsic parts of the protocol, with the understanding that if people really want to do it they can always create a sub-protocol (eg. ether-backed subcurrency, bitcoin/litecoin/dogecoin sidechain, etc) inside of a contract. An example of this is the lack of a Bitcoin-like “locktime” feature in Ethereum, as such a feature can be simulated via a protocol where users send “signed data packets” and those data packets can be fed into a specialized contract that processes them and performs some corresponding function if the data packet is in some contract-specific sense valid. Non-risk-aversion: the dev team is okay with higher degrees of risk if a risk-increasing change provides very substantial benefits (eg. generalized state transitions, 50x faster block times, consensus efficiency, etc)”
Ethereum Coin Trading
Ethereum can be purchased on the following cryptocurrency exchanges: MBAex, BTC Markets, Neraex, ABCC, OOOBTC, Coinbase Pro, LATOKEN, BigONE, DigiFinex, DOBI trade, Poloniex, Korbit, BitMart, Bitlish, Exmo, C2CX, OasisDEX, Bitbank, UEX, BX Thailand, BtcTrade.im, Bittrex, Rfinex, Simex, IDAX, Covesting, Bitstamp, Cobinhood, Liquid, BiteBTC, EXX, Allcoin, TOPBTC, Huobi, Coindeal, OKEx, Kraken, Bancor Network, Fatbtc, Bibox, Indodax, IDEX, OEX, Bitfinex, BCEX, Livecoin, CoinEx, Cryptonex, DDEX, Sistemkoin, TDAX, BTC-Alpha, YoBit, Kryptono, BtcTurk, Kucoin, CoinBene, HitBTC, Coinsuper, Upbit, xBTCe, Allbit, Coinone, DragonEX, Coinsquare, FCoin, Hotbit, B2BX, Bithumb, HADAX, LBank, Gate.io, Bit-Z, LocalTrade, Gemini, CEX.IO, ZB.COM, Binance, GOPAX, Instant Bitex, Bitsane, Mercatox, IDCM, ChaoEX, CoinTiger, Liqui, Vebitcoin, CoinEgg, Exrates, CPDAX, RightBTC, Coinhub and BitForex. Investors seeking to acquire Ethereum using US dollars directly can do so using GDAX, Gemini or Changelly.
Receive News & Updates for Ethereum Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Ethereum and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.