Ethereum Crypto Coin
Price
Target price
€1,185.0
€1,185.0
1.397%
16.3286
1.397%
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Ethereum Crypto Coin
Performance of Ethereum vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Ethereum | 1.397% | -3.433% | -10.217% | -70.060% | -64.226% | 756.952% | - |
| Bitcoin | 0.397% | -0.569% | -12.532% | -64.088% | -61.079% | 134.187% | - |
| EOS | -1.002% | 6.558% | -1.779% | -70.824% | -65.104% | -62.152% | - |
| Tether | 0.010% | 0.095% | -4.202% | 7.813% | 8.119% | - | - |
Comments
The crypto community is celebrating a milestone for the Ethereum blockchain, which just transitioned from the proof-of-work (PoW) consensus mechanism to the proof-of-stake (PoS) model. The move is aimed at reducing the power needed to secure Ethereum by around 99.95%, easing the concerns of those worried about the environmental impacts of crypto (Ethereum currently emits as much carbon as Singapore and its total energy consumption is similar to the Netherlands). ETH (ETH-USD) issuance will also decrease (a.k.a. Triple Halving), while industry players will further decentralize the network by securing Ethereum at home, taking some control away from the institutions and sophisticated miners.
