BETH
BETH

Beacon ETH price

$3,630.59
-$13.4700
(-0.37%)
Price change from 00:00 UTC until now
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USD
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Market info
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Beacon ETH market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$0.00
Circulating supply
0 BETH
Market cap ranking
--
24h high
$3,670.25
24h low
$3,503.18
All-time high
$4,497.46

Beacon ETH price performance in USD

The current price of Beacon ETH is $3,630.59. Since 00:00 UTC, Beacon ETH has decreased by -0.37%. It currently has a circulating supply of 0 BETH and a maximum supply of 0 BETH, giving it a fully diluted market cap of $0.00. At present, the Beacon ETH coin holds the 0 position in market cap rankings. The Beacon ETH/USD price is updated in real-time.
Today
-$13.4700
-0.37%
7 days
$301.19
+9.04%
30 days
$1,189.19
+48.70%
3 months
$1,181.59
+48.24%

About Beacon ETH (BETH)

3.9/5
Certik
4.1
12/02/2024
CyberScope
3.8
12/03/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Before transitioning to its current consensus algorithm, Proof of Stake (PoS), Ethereum (ETH) relied on Proof of Work (PoW). Initially introduced by Bitcoin (BTC), PoW was considered groundbreaking technology. However, as time passed, it became evident that PoW was excessively energy-intensive, sluggish, and inefficient.

As a result, Ethereum faced elevated fees, prolonged transaction waiting times, and an overall perception of being outdated. To address these challenges, Ethereum decided to adopt PoS, which brought about enhanced scalability.

The PoS mechanism not only improved scalability but also significantly reduced energy requirements. However, the implementation of PoS required the introduction of the Beacon Chain and its corresponding token, BETH.

What is BETH?

BETH, also known as Beacon ETH, is a token associated with the Beacon Chain. The Beacon Chain was introduced to implement the PoS mechanism in Ethereum, ensuring its security and overall health. Additionally, it allows users to earn more ETH through the staking process.

In practice, users stake their ETH to activate validator software, effectively becoming validators within the network. Validators play a similar role to miners, but they secure the network by staking their coins instead of mining.

The BETH project team

Ethereum's own team of developers developed the BETH project as part of the transition to Ethereum 2.0. On December 1, 2020, it was established to formalize PoS as Ethereum's consensus mechanism through the Merge. This significant milestone was achieved on September 15, 2022, after more than two and a half years of work.

How does BETH work?

BETH and the Beacon Chain were designed as integral components to implement the PoS mechanism in Ethereum. This introduced a new approach for users to contribute to the security of the Ethereum network actively. Participating in staking and becoming validators provided a streamlined alternative to traditional mining methods.

Despite the change in mechanism, the network's security remains robust. Developers anticipated that the transition to PoS would enhance Ethereum's long-term security. As more participants join the network, it becomes increasingly decentralized, resulting in stronger defenses against potential hackers.

BETH native token — BETH

BETH, also known as Beacon ETH, is the native cryptocurrency of the Beacon Chain. It represents a tokenized version of ETH on Binance and was created in conjunction with the Beacon Chain to facilitate the transition of ETH to Proof of Stake (PoS). Like ETH, BETH maintains the same price and can be utilized for trading, investing, transferring, or purchasing goods and services.

BETH token use cases

Similar to ETH, the BETH token offers a range of use cases. Holders can engage in trading activities or use it for investment purposes. Additionally, it can be accepted as a payment method and freely transferred between users.

BETH: A project that secured Ethereum’s future

BETH has played a significant role in Ethereum's successful transition to PoS, thereby ensuring the security and longevity of the Ethereum network. Thanks to BETH, Ethereum has evolved into a more attractive project that continues to attract users. Moreover, BETH holds value as a useful token within the Binance ecosystem for those who wish to engage with Ethereum.

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BETH FAQ

What is BETH?

BETH is a token associated with the Beacon Chain, a significant component that implemented the PoS mechanism in Ethereum. Essentially, BETH represents a version of Ethereum within Binance's network, enabling users to interact with Ethereum in the Binance ecosystem.

What are the benefits of using BETH?

The primary benefit of using BETH stems from the staking process, where users earn BETH by staking their ETH. This staking mechanism not only provides an opportunity for users to earn rewards but also contributes to the security and overall health of the Ethereum network.

Where can I buy BETH tokens?

Users can easily buy BETH tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include BETH/USDT and BETH/ETH.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BETH with zero fees and no price slippage by using OKX TR Convert.

How much is Beacon ETH worth today?
Currently, one Beacon ETH is worth $3,630.59. For answers and insight into Beacon ETH's price action, you're in the right place. Explore the latest Beacon ETH charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Beacon ETH, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Beacon ETH have been created as well.