As of 12:58 p.m., the price of Ethereum is $1,199.04, a decrease of -3.81% over the last 24 hours. Ethereum’s market capitalization now stands at $143,453,971,946.82 following a recent price movement. ETH has changed -67.06% so far this year. The crashing of the FTX has been the root cause.
Ethereum Positive Of Breaking Even
With its own native cryptocurrency, ether, ETH is a blockchain-based software platform that enables worldwide value transfers without the involvement of other parties. But it’s capable of much more than that as well.
When specific criteria are satisfied, smart contracts, which are code-based programs recorded on the Ethereum blockchain, automatically perform specific tasks. This could involve lending money after receiving collateral in a defined wallet or sending a transaction when a specific event occurs. All decentralized applications (dapps) developed on Ethereum and other blockchain platforms are built on top of smart contracts.
Similar to Bitcoin, ETH has its own blockchain, where a network of more than 2.4 million computers, or “nodes,” keeps track of all transactions. As long as they have the necessary tools, expertise, and free time, anyone can operate an ETH node and take part in network validation.
On the ETH network, there are three different categories of nodes that are active.
Full nodes: These carry out opcodes, or smart contract instructions, and copy and verify all transactions on the Ethereum blockchain. Miners and full nodes are two different things
Light nodes: These only keep a portion of the blockchain’s record, requesting the remainder from full nodes. These nodes don’t need to run continuously, as the name would imply, and can run on smaller devices like smartphones.
Finished archive nodes: These serve as the repository for the complete history of the Ethereum blockchain, including earlier “states,” or data on the blockchain, and are used by applications like block explorers.
