Ethereum, introduced by Vitalik Buterin at the 2013 North America Bitcoin Conference, is a decentralized and open-source blockchain project that allows for the running of smart applications on the blockchain. With its infrastructure, Ethereum has paved the way for many token standards such as ERC-20 and ERC-721. The native cryptocurrency of the Ethereum blockchain is Ethereum (ETH).
Ethereum is a decentralized global software platform supported by blockchain technology. It is best known for its cryptocurrency, Ethereum (ETH).
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the preferred blockchain for developers and businesses creating technology based on it that is revolutionizing many industries and how we lead our daily lives.
How Much is Ethereum?
| Ethereum Price by Year | ETH/USD (US Dollar) | ETH/TRY (Turkish Lira) |
| 2015 Ethereum Price | 0,31 | 0,72 |
| 2016 Ethereum Price | 8,16 | 28,72 |
| 2017 Ethereum Price | 741 | 2808 |
| 2018 Ethereum Price | 130 | 687 |
| 2019 Ethereum Price | 128 | 760 |
| 2020 Ethereum Price | 737 | 5.475 |
| 2021 Ethereum Price | 3675 | 48.400 |
| Ethereum Price in 2022 | 1291 | 24,067 |
What is Ethereum Merge?
The Ethereum Merge, which took place in September 2022, is the name given to the transition of the main Ethereum chain from the PoW algorithm to the PoS algorithm. The Merge essentially occurred with the PoW chain transforming into the PoS chain known as Beacon Chain. With the Ethereum Merge update, mining activities on the main network have ceased. The Ethereum Merge is referred to as one of the first steps taken for the Ethereum blockchain to be more scalable in the long term. For detailed information about the Ethereum Merge, you can review our article titled ‘What is Ethereum 2.0?‘.
What is Ethereum PoW?
Following Bitcoin, Ethereum (ETH), the largest PoW coin and cryptocurrency, was launched in 2015. On the Ethereum blockchain, it’s possible to create smart contracts and develop decentralized applications.
EthereumPoW is a project created by miners who will be adversely affected by the transition to the new protocol when the Ethereum network transitions to the Proof of Stake protocol with The Merge. The native cryptocurrency of the network is ETHW.
Is Ethereum Safe?
Ethereum, with its distributed ledger technology and the number of independent validators, has a highly secure structure. Ethereum further enhances the security of the blockchain with the slashing mechanism developed for malicious validators.
How to Buy Ethereum?
· Open your membership on EgeMoney.
· Complete the Turkish ID (TC Kimlik) and Email Verification processes.
· To enhance account security, finalize your KYC verification.
· Afterwards, you can trade with the ETH/TRY and ETH/USDT pairs.
