ETH to IDR Price Prediction for 2024

Bittime - Learn about Ethereum (ETH) and the Ethereum 2.0 update. Discover the history, goals, and consensus change from proof-of-work to proof-of-stake, as well as the latest ETH to IDR price prediction.

What is Ethereum (ETH)?

The cryptocurrency itself, Ether, is part of a decentralized open source blockchain system that enables the implementation of decentralized smart contracts as well as a platform for various other cryptocurrencies.

Vitalik Buterin first described Ethereum in a 2013 whitepaper. In the summer of 2014, Buterin and other inventors secured funding for the project through an online crowdsale. On July 30, 2015, they officially launched the blockchain.

Ethereum aims to be an international decentralized application platform that allows users around the world to write and run software that is resistant to censorship, downtime, and fraud.

What is Ethereum 2.0?

The proof-of-work consensus mechanism, which is also used by Bitcoin, will change to proof-of-stake in the Ethereum 2.0 blockchain. This would indicate that the protocol that had been tried and tested for five years had come to an end.

This will not result in a new ETH crypto asset that is exactly the same as most changes will occur out of sight, with technical improvements that may not be noticed.

The ETH 2.0 blockchain network has been underway since 2015, and will not be implemented overnight. Increasing capacity is the main goal, meaning transactions can be carried out faster. The spread of open source applications and the decentralized financial sector has made these blockchain networks fraught.

ETH to IDR Price Prediction

Ethereum (ETH) is worth 56,865,629 IDR today, which is 0.1% decline from an hour ago and 3.4% refused since yesterday. The value of ETH today is 8.8% lower than the value 7 days ago. In the last 24 hours, the total amount of Ethereum added was 253,648,200,146,318 IDR.

Conclusion

Decentralized applications and smart contracts can be implemented on Ethereum's decentralized blockchain platform. Ethereum, first described in a whitepaper in 2013 and created by Vitalik Buterin, was officially launched on July 30, 2015. It raised funding through an online crowdsale. Ethereum aims to provide a global platform for applications that is resistant to censorship, downtime, and fraud.

With the aim of increasing transaction capacity and speed on the Ethereum network, the Ethereum 2.0 upgrade, or ETH 2.0, changed the consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). The migration to ETH 2.0 started in 2015.

The price of Ethereum (ETH) is currently at 56,865,629 IDR, down 0.1% in the last hour and 3.4% in the last 24 hours. This price is also 8.8% lower than the price seven days earlier. The total value of Ethereum added to the market in the last 24 hours is 253,648,200,146,318 IDR.

How To Buy Ethereum (ETH) With Bittime

You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. Ethereum (ETH) is available on Bittime with ETH IDR pairing. To be able to buy ETH IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.