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Ethereum
The leading smart contract platform and DeFi backbone.
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About Ethereum
Ethereum (ETH) is the second largest cryptocurrency and the dominant smart contract platform powering DeFi, NFTs, and Web3 applications. Launched in 2015 by Vitalik Buterin, Ethereum introduced programmable blockchain technology that has spawned an entire ecosystem of decentralized applications. The networks transition to Proof of Stake and ongoing scaling improvements continue to shape its long term value proposition.
Key Terms to Know
Smart Contract
Self-executing code on a blockchain.
Ethereum
Programmable blockchain for smart contracts.
Altcoin
Any cryptocurrency other than Bitcoin.
Gas Fees
Transaction fees paid on blockchain networks.
Gwei
Small unit of Ethereum (10^9 wei).
dApp
Decentralized Application running on blockchain.
NFT
Non-Fungible Token: unique digital asset.
Proof of Stake
Consensus where validators stake coins.