The Ethereum is a network of open and decentralized blockchains that also produces a cryptocurrency: the Ether.
The Ethereum is an open and decentralized platform that offers developers a blockchain on which they can build decentralized applications (Dapps) by signing intelligent contracts. These Smart Contracts are scripts executing tasks automatically via the EVM (Ethereum Virtual machine) as soon as certain conditions are met.
the Ether (ETH) has two functions :
- Remuneration of the miners who work on its network, that is to say, the people behind each computer serving as nodes of the network
- Remuneration of the people who work directly on the Ethereum platform.
Ethereum (ETH) Metrics
We are going to explain a few metrics we can find on the Blockchain explorer.
The explorer is a website with all the real-time information of the blockchain.
When entering on the website, you have access to different metrics:
- Total Supply & MarketCap
- Latest Blocks & Transactions
- Daily Transaction Chart
- Unique Addresses Chart
Total Supply and Market Capitalization
The Total Supply is the amount of Ether circulating.
The Market Capitalization of Ether is calculated by multiplying the Total Supply by the Price of ETH.