back to top
15.5 C
Islamabad
Friday, February 27, 2026

The price of the cryptocurrency Ethereum this January 31

Ethereum is a digital platform that adopts blockchain technology and expands its use to a wide variety of applications, while ether is its native cryptocurrency.In the world of digital finance it is common for cryptocurrency to be called the network, although in reality they are not the same.

The ethereum platform, founded in 2015 by programmer Vitalik Buterin, sought to be an instrument for decentralized and collaborative applications on which smart contracts (dAPPs) can be made.

Like bitcoin, the value of ether skyrocketed in a short period of time.In January 2016, ether was trading around one dollar and currently has an all-time high of 4953.73 units.

The price of the Ethereum cryptocurrency for today at 09:30 hours (UTC) is $2,691.26 per unit.

This%20means%20say%20that%20the%20active%20digital%20report%C3%B3%20a%20change%20of%20-2.05%%20in%20the%C3%BAltimo%20d%C3%ADa%20,%20as%C3%AD%20as%20a%20variation%C3%B3n%20of%20-0.09%%20in%20the%20%C3%BAlast%2060%20minutes.

以太坊目前已经到位

After several months of delay and with the fear that it would never happen, finally, on September 15, 2022, Ethereum carried out its long-awaited merger or update to the new level 2.0 with the promise of improving the experience of the users of this cryptocurrency.

“The Merge” is a transformation in the way Ethereum processes transactions and how new Ether tokens are created.

The price of the cryptocurrency Ethereum this January 31
Representation of the Ether cryptocurrency.(REUTERS)

This%20merger%20%20is%20%20of%20the%20combination%C3%B3n%20of%20the%20chain%20of%20blocks%20of%20Ethereum%20with a%20new%20caa%20of%20separate%20blocks%20known%20as%20proof-of-stake,%20which%20reduces%20%20consumption%20of%20energy%C3%ADa%20of%20the%20caden%20of%20blocks%20of%20Ethereum%20in%20a%2099,9%20%,sec%C3%BAn%20its%20own%20developers,%20what%20that%20the%20returns%20m%C3%A1s%20%E2%80%9Camigable%E2%80%9D%20with%20theenvironment%20at%20time%20that%20transactions%20be%C3%ADan%20m%C3%A1s%20cheap.

Its defenders believe that the merger will give Ethereum an advantage over its main rival, Bitcoin, as it could increase its use.

In the Proof Stake process, Ether owners will lock set amounts of their cryptocurrencies to verify new records in the blockchain, earning new coins in addition to their “staked” crypto.

Aiman Sohail
Aiman Sohail
Dr. Aiman Sohail is a seasoned journalist and geopolitical analyst with over a decade of experience covering global affairs, politics, and current events. She earned her Bachelor’s degree in International Relations from Quaid-i-Azam University, Islamabad, followed by a Master’s in Political Science from Lahore University of Management Sciences (LUMS). Driven by a passion for understanding global dynamics, she completed her PhD in International Security Studies at The University of London, focusing on South Asian geopolitics and conflict resolution. Sara began her career as a correspondent for The Express Tribune, covering domestic politics and economic developments. She later joined Geo News as a senior reporter, specializing in geopolitical affairs, foreign policy, and conflict analysis. Over the years, her articles have been featured in major national and international publications, including Dawn, The Diplomat, and Al Jazeera English, earning her recognition for insightful analysis and in-depth reporting. In addition to journalism, Sara frequently contributes to academic forums, think tanks, and panel discussions on international relations. Her expertise lies in South Asian security, diplomatic policy, and global political trends, making her one of Pakistan’s leading voices in contemporary geopolitics.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles