Q: What is Ethereum’s (ETH) Circulating Supply?

Ether (ETH) currently has a market capitalization of NGN 497,622,709,190,600.00

Question 1

What is Ether (ETH)?

Accepted Answer

Ether (ETH) is the second-largest cryptocurrency by market cap after Bitcoin and the native coin of Ethereum — an open-source blockchain with smart contract functionality. In addition to maintaining a distributed payment network, Ethereum works as a decentralized computing platform that enables the creation and deployment of decentralized applications (DApps) of various utilities.

Question 2

How does Ethereum (ETH) work?

Accepted Answer

Ethereum was first introduced in 2013 by Russian-Canadian software engineer Vitalik Buterin.

Question 3

What Is the Market Cap of Ethereum (ETH)?

Accepted Answer

Ethereum-based applications are built using smart contracts — self-executed pieces of computer code stored on the blockchain.

Question 4

What is Ethereum’s (ETH) Circulating Supply?

Accepted Answer

Ether (ETH) currently has a market capitalization of&nbsp;NGN 497,622,709,190,600.00

Question 5

How Is the Ethereum (ETH) Network Secured?

Accepted Answer

The current circulating supply of Ether (ETH) is $120,694,418.81

Question 6

How Can I Buy Ethereum (ETH)?

Accepted Answer

The Ethereum network is secured through a Proof-of-Stake (PoS) consensus mechanism. In PoS, validators are chosen to create and verify new blocks based on the amount of the associated cryptocurrency they have staked as collateral.

Question 7

What is Ethereum (ETH) Gas?

Accepted Answer

The second largest cryptocurrency in the industry, Ether (ETH) is available for purchase on virtually any decentralized or centralized cryptocurrency exchange. The TabTrader app aggregates 20+ major cryptocurrency exchanges and allows users to monitor 20K+ trading instruments in real time.

Question 8

How to Calculate ETH Gas Price?

Accepted Answer

Ethereum gas is the fee users pay for executing transactions or running smart contracts on the Ethereum blockchain. It represents the computational power required to conduct a specific operation on the network. The gas price is measured in Gwei — a denomination of Ether (ETH). One Gwei is equal to 0.000000001 ETH.

Question 9

How Can I Store My Ether (ETH)?

Accepted Answer

A total gas fee per transaction on the Ethereum network is currently calculated via the following formula: Gas units (limit) * (Base fee + Tip).&nbsp;

Question 10

Ethereum’s Transition to Proof of Stake

Accepted Answer

As with any other crypto asset, Ether (ETH) is usually stored in digital wallets — a kind of computer software that allows users to interact with balances held on the blockchain. A digital wallet can be either hardware-based or web-based. In the TabTrader app, users can store Ether (ETH) and many other digital currencies using TabTrader Wallet.

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