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No.002
๐ Codex 3 entries ยท Mcap #2 ยท Major
Ethereum ETH
often called the โworld computerโ
โก L1๐ฑ PoS๐ Smart Contract
Price mock
$3,712
๐ฌ TL;DR
- A smart-contract platform, launched in 2015.
- You can put programs (apps) on the blockchain โ tokens, DeFi, and NFTs all started here.
- In 2022 it switched to PoS (the Merge), cutting energy use dramatically.
๐ Stats
Awareness
Mcap #2
Availability
Top-tier exchanges & ecosystem
Volatility
High
Age
Since 2015 (11y)
Scarcity
No hard cap ยท managed issuance
๐งฉ How it works
Ethereum lets you put smart contracts (programs that run automatically when conditions are met) on the blockchain. That's why it's called the 'world computer' โ countless services like tokens, DeFi, and NFTs run on top of it.
โ๏ธ Strengths & Weaknesses
โ๏ธ Strengths
- Largest smart-contract ecosystem (the base of DeFi & NFTs)
- Countless tokens are issued on Ethereum
- 2022 PoS switch cut energy use sharply
๐ก๏ธ Weaknesses
- Fees (gas) can be expensive when busy
- More complex than Bitcoin
- No hard supply cap
๐ฐ๐ท Korea Market
๐ฆ Upbit๐ฆ Bithumb๐ฆ Coinone
Listed on all major Korean won (KRW) exchanges.
๐ง Tech Specs
ConsensusProof of Stake (PoS)
Throughput~15โ30 TPS
Block time~12 seconds
๐ Story
- 2015Ethereum launches (smart-contract platform)
- 2021Center of the NFT & DeFi boom
- 2022Switch to PoS (the Merge)
๐งฌ Evolution Line
๐ค Related Coins
๐ Related Terms
โ FAQ
- What is Ethereum?
- A blockchain platform for smart contracts (self-running programs), serving as the base for tokens, DeFi, NFTs, and many other services.
- How is it different from Bitcoin?
- Bitcoin focuses mainly on storing value and payments, while Ethereum is a 'platform' you can put programs (apps) on top of.
- Where can I buy Ethereum?
- On most exchanges. In Korea, KRW exchanges such as Upbit, Bithumb, and Coinone list it. (Information only โ not a recommendation.)
โ ๏ธ Not investment advice. All figures are for information only (MOCK (placeholder figures, pre-CoinGecko) ยท 2026-05-30).