As of July 2018, there are a total of 102,112,496 ETH in circulation. This number is ever-changing and does not include any unclaimed ETH that may be lurking in wallets or smart contracts.
To put this into perspective, let’s compare it to the world’s supply of gold. According to Gold.org, there are approximately 195,040 metric tons of gold mined throughout history. This equates to about 606316487960 grams or 6.
063 x 10^10 grams. Dividing this by ETH’s current circulating supply gives us a rough estimate that each ETH is worth about 606 grams of gold. In other words, 1 ETH is worth about $6,060 USD worth of gold (as of July 25, 2018).
Of course, this is a very rough estimate and doesn’t take into account the fact that gold can be divisible into much smaller units (such as grams, milligrams, etc.), whereas ETH currently can only be divided into much larger units (such as wei).
NOTE: Warning: Investing in cryptocurrencies can be very risky. Before investing in Ethereum, it is important to understand the amount of units that are available. It is also important to understand the volatility associated with Ethereum and other cryptocurrencies. Investing in Ethereum should only be done after thorough research and understanding of the risks involved.
It’s also important to remember that the world’s supply of gold is constantly increasing due to mining efforts, while the world’s supply of ETH is capped at 21 million.
In conclusion, there are currently 102,112,496 ETH in circulation and each ETH is worth about $6,060 USD worth of gold. The world’s supply of ETH is capped at 21 million though, so it will become increasingly valuable as time goes on and moreETH are mined.
9 Related Question Answers Found
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a public blockchain-based platform that uses the cryptocurrency ether to fuel its transactions. Ether is mined by computers around the world and then traded on decentralized exchanges.
Ethereum addresses are generated randomly and are composed of the following characters:
1. Lowercase letters a-z
2. Uppercase letters A-Z
3.
As of September 2018, there are over 27,000 Ethereum nodes active around the world, with the vast majority of them (24,000) located in the US. The number of nodes is constantly increasing as more people begin to run them. Each node represents a single point of failure for the network and so the more nodes there are, the more resilient the network becomes.
In Ethereum, a transaction is defined as “a signed data packet that stores a message to be sent from one address to another address on the Ethereum blockchain.” Transactions are the basis for all interactions on the Ethereum network. Each transaction consists of:
– The addresses of the sender and recipient
– The value being sent
– A data field (optional)
– A signature verifying the sender’s identity
Transactions are broadcasted to the network and included in the next block. Once a transaction is included in a block, it is considered confirmed.
As you probably already know, Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is different than Bitcoin because it was designed to be adaptable and flexible. The Ethereum network can be used to build Decentralized Applications (DApps) and Issue your own Cryptocurrency Tokens.
There are currently around 12,000 Ethereum Classic nodes worldwide. The vast majority of these are located in North America (around 6,500), followed by Europe (around 2,500), and Asia (around 1,500). The rest are scattered across the globe, with a handful in Africa, South America, and Australia.
There are currently over 40 decentralized exchanges (DEX) available for trading Ethereum. The most popular Ethereum DEX is Uniswap, which accounts for over 60% of all ETH traded on DEXes. Other popular Ethereum DEXes include Kyber Network, Bancor, and Airswap.
Ethereum is a decentralized public blockchain network that runs smart contracts. These smart contracts are applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is the second largest cryptocurrency by market capitalization, after Bitcoin.
When it comes to Ethereum, one of the most frequently asked questions is “How many transactions are in a block Ethereum?”
The answer to this question is not as straightforward as it may seem. First, it is important to understand that Ethereum blocks can actually contain two types of transactions: regular transactions and contract transactions. Contract transactions are those that are used to interact with smart contracts on the Ethereum blockchain.
