ETHEREUM ETHEREUM

Ether (ETH), the native cryptocurrency of the Ethereum network, is the second-biggest cryptocurrency in the world after Bitcoin. Ether is considered to be one of the most ambitious digital currencies until now. It was originally launched back in 2014 with the aim to decentralize products and services for many more uses simply beyond money.

Ether (ETH) price live data

Here at SMART VALOR, we provide you with the latest ETH price and market stats. We always make sure that the USD to ETH price and the live market cap are updated in real-time. The Ether coin has a circulating supply of 120,633,506 ETH (as of 3 May 2022). Unlike Bitcoin, ETH has no limits on the total amount. But there is a limited cap per year.

You can purchase ETH easily here at SMART VALOR. Simply sign up and after your account has been verified, you can buy as much or as little crypto as you like, via credit card or bank transfer.

How to buy ETH

Ethereum is sometimes referred to as a “world computer”. A software that allows new types of programs to be able to run on its worldwide network of computers, that, similar to Bitcoin transactions, are not able to be censored or closed down, owing to the distributed nature of the Ethereum design.

For this reason, there are numerous tokens based on Ethereum, some of which are available here at SMART VALOR. If you are, however, new to the cryptocurrency industry then you may want to read on further to understand how to buy ETH – the cryptocurrency of Ethereum – securely, easily, and quickly.

Market stats

Market Cap

CHF 141.23 B

Volume (24h)

Ξ 31,872.2

CHF 37,346,971.3

Circulating Supply

Ξ 121,297,953.6

Price change (1h)

-1.17%

Price change (24h)

1.42%

Price change (7d)

-0.61%

Get started buying ETH

If you already know everything you need to know about Ethereum and are ready to start investing, then just open an account here at SMART VALOR and you’re ready to begin.

How to Buy ETH in Three Steps

  • Create your new account here at SMART VALOR and verify your identity

  • Connect your preferred payment method to your account Buy ETH

  • You can buy as much or as little ETH as you like

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How to buy ETH on SMART VALOR

If you are looking to buy ETH at SMART VALOR then simply follow these quick and easy steps:

Register for a new account at SMART VALOR, simply enter your email address and choose a strong password to protect your account. You will be required to enter your full name, address, date of birth, country of residence and phone number. We will then ask you to submit documentation to verify all of the details provided before you can start trading with real money funds

You can then deposit into your account using fiat currencies (EUR, CHF, GBP, USD) or cryptocurrencies. How you fund your account will depend upon your country of residence and your personal preferences. SMART VALOR offers buying crypto with credit card, wire transfer and deposited funds in platform fiat wallet.

That’s it. As soon as you have funds into your account, you are ready to buy. You can also access all of the other cryptocurrencies available on our network and make use of all the services we offer here at SMART VALOR.

If you have any issues opening an account, funding your account or buying ETH, then you can contact our customer service agents for further assistance.

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Where to store your ETH

As soon as you buy ETH, you will need to have a place to store it. Although having it here at SMART VALOR is secure, we would always recommend having your own crypto wallet, especially for larger sums. There are hardware wallets and software wallets that allow you to store the public and private keys that you need to make your Ethereum transactions.

You may have also heard of hot wallets and cold wallets. If you are someone with smaller amounts that you want to use regularly for transactions, then you might prefer a hot wallet, which is based online. However, if you are thinking about purchasing large amounts for investment purposes, then a cold wallet, which stores your crypto offline, might be the right choice.

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Ethereum News

The creation of Ethereum

The idea of Ethereum was first white papered by Vitalik Buterin back in 2013. Alongside the other co-founders, he managed to get enough funding the following year, in 2014 in an online public crowd sale. They managed to raise $18.3 worth of Bitcoin and ETH was first valued in the Initial Coin Offering at $0.311, with more than 60 million Ether sold.

If you put this into context, had you invested in Ether at the start, you would end up with a return on investment per year of more than 270% – which is basically quadrupling your money each year since 2014.

Ethereum Processor
Ethereum Logo

The founders of Ethereum

In total, eight people were involved in co-founding Ethereum which is a pretty large number. These eight co-founders first met in June 2017 in Switzerland and include:

Vitalik Buterin

Buterin is a Russian Canadian that is the most well known of all the co-founders. He was the original author of the white paper detailing the goals of Ethereum in 2013. He still works on the improvement of the platform even now. Before ETH, Buterin was the co-founder of the Bitcoin Magazine news website.well-known

Why Ethereum is unique

The reason it stands out from competitors is that it was the pioneer of the blockchain smart contract platforms. These are computer programs that automatically complete all actions needed to fulfil any agreement between two or more parties online.

The blockchain technology was created with the concept of “one computer for the entire planet”. It shouldn't only make programs more robust, but it should also be more resistant to censorship and less prone to fraud.

Ethereum Gold
ETH Hard fork

Understanding the Ethereum London Hard Fork

Since it began, Ethereum has been troubled by high transaction fees and often fell apart when put under pressure. In fact, in May 2021, the average transaction fee reached a high of $71.72.

There were also question marks over the coin's scalability. Ethereum can typically handle up to 15 transactions per second, whereas Visa handles around 24,000 per second on average.

What was the EIP-1559 upgrade?

This upgrade introduced the “inclusive implied state transition” (IIST). This was designed to eliminate the need for gas during certain operations such as storage and arithmetic. It also helped reduce the cost of smart contract execution and simplified contract code without increasing its risk.

The upgrade also aimed to improve system security by enabling an increase in transaction processing times by applying a new cryptographic signing algorithm (ECDSA).

ETH Code

Ethereum (ETH) coins currently in circulation

As of 3 May 2022, there were 120,633,506 ETH coins in circulation.

However, it is estimated that only 80% will be available over time. This is due to inflation and coin burns reducing their number until they reach 42 million in 2030.

One of the most notable differences between Ethereum and Bitcoin's economics is that ETH isn't deflationary. This means that the supply, unlike Bitcoin, isn't limited. They have justified this decision by not wanting the network to have a “fixed security budget”. The ability to adjust the ETH issuance rate means that the network can maintain the minimum issuance that would be needed to offer an acceptable level of security.
However, the EIP-1559 upgrade means that base fees used in transactions would be burned and removed from circulation. This means that the more activity that takes place on the network, the more ETH is burned. This then leads to a decreasing supply, which theoretically means the price goes up. It is this that has the potential to make ETH deflationary – and holders of the cryptocurrency are excited about this.

Since August 2020, Ethereum has been secured by the use of the Ethash proof-of-work algorithm, which is a part of the Keccak family of hash functions. However, there are now plans to move over to a Proof of Stake algorithm that was tied to the Ethereum 2.0 update of 2020.

After phase 0 of the Ethereum 2.0 Beacon Chain went live in December 2020, it was then possible to start staking on the Ethereum 2.0 network. You need to have 32 ETH to activate the validator software. Then, you can stake on Ethereum 2.0 by sending your ETH to a deposit contract. This helps to secure the network by storing data as well as processing transactions and adding new blocks.

It should be noted, however, that 32 ETH is currently equivalent to about $91,000 (as of May 3, 2022). Having said that, the meaning potential of Ethereum validators at this time is around 4,4 % APR. In monetary value, this equals 1.408 ETH or  $4,004. However, these figures could change based on the development of the network and the increasing number of stakers.

The staking rewards are calculated using a distribution curve. For early stakers, some Ether 2.0 rewards were as high as 20%. However, these rewards are constantly being decreased and will eventually be as low as between 4.0% to 7% per annum.

If you do opt to stake in Ethereum 2.0. then your stake will be locked into the network for a long time – which could be months or even years, up until the upgrade of Ethereum 2.0 has been completed.

Mining new blocks

Ethereum's blockchain is reliant on miners striking new blocks to add to it. These blocks are the equivalent of digital boxes that are used to store all sorts of data including transaction information.

In order to mine a new block, the miners need to use specialised computing equipment. This affords them the opportunity to be the person that adds a block to the chain – and a chance to reap the rewards of transaction fees from the transactions that they add to the block – on top of the block rewards.

Ethereum Network

An Ethereum node

Here is what is contained in each node in the Ethereum network:

Smart contracts

We've already touched on smart contracts. These are contracts that can be written using the highest-level programming languages including JavaScript and C++. However, the most commonly used is “Solidity” that was developed by Gavin Wood, the former CTO of Ethereum.

Ethereum 2.0

Ethereum 2.0, sometimes referred to as Serenity, is the major upgrade that aims to make Ether even faster, more scalable and more efficient by migrating the Ethereum network from a PoW (Proof of Work) system to a PoS (Proof of Stake) system.

Ethereum's new PoS system, referred to as Casper, involves people who use the network locking in their coins to become network contributors instead of using energy-intensive and expensive mining equipment. In order to create blocks on the Ethereum PoS blockchain, a staker would either need to lock up 32 Ether or join a staking pool to combine their ETH with others. The Ethereum 2.0 upgrade is a lengthy one – being rolled out in several different phases which include:

Ethereum 2.0

Ethereum FAQs

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