The cryptocurrency “Ether” is based on the Ethereum blockchain and is often referred to as “Ethereum”. While Bitcoin marked the beginning of cryptocurrencies by establishing secure peer-to-peer payments, Ethereum is developing a secure decentralised operating system for applications that would normally require a centralised middleman. These applications are referred to as “smart contracts”, which are built in line with the ERC20 technical standard. Smart contracts on the Ethereum blockchain are used to record and transfer ownership rights, sign contracts of various kinds or process “Initial Coin Offerings” (ICOs).
Market capitalisation and trends
Ethereum is one of the most successful cryptocurrencies in terms of market capitalisation. ETH’s price development has been remarkable since its introduction. You can buy Ethereum quickly and easily on Bitpanda, where a secure Ethereum wallet service is included. Bitpanda’s Ethereum chart visualises ETH price development and supports traders in making timely decisions. Thanks to the variety of use cases for Ethereum, the cryptocurrency, based on a decentralised Ethereum network, has experienced solid growth over the last few years.
The cryptocurrency ETH has long been the second most popular cryptocurrency globally after Bitcoin. Developers are currently working on the scalability of the Ethereum blockchain to further improve the performance of the Ethereum network. As Europe’s leading trading platform for digital assets, Bitpanda offers both new and experienced users the fastest and safest means to buy Ethereum.