Ethereum
A blockchain designed to run programs — smart contracts — as well as move value. It moved from proof of work to proof of stake in 2022, and most DeFi and token activity has been built on it or on networks compatible with it.
Also called ETH
A blockchain designed to run programs — smart contracts — as well as move value. It moved from proof of work to proof of stake in 2022, and most DeFi and token activity has been built on it or on networks compatible with it.
Why it matters
Its transaction fees are paid in ETH and rise with demand for block space.
Related terms
- Smart Contract
- Gas Fee
- Proof of Stake
Keep reading
Smart Contract
A program stored on a blockchain that runs automatically when its conditions are met,…
Liquidity Pool
A pot of two or more tokens locked in a contract that traders swap…
Token
A digital asset issued on an existing blockchain rather than having its own. Tokens…
Exchange
A venue for trading assets. A centralised exchange holds customer funds and matches orders…
Bridge
A system for moving value between blockchains, typically locking an asset on one chain…
Gas Fee
The payment for the computation a blockchain transaction consumes, paid in the network's own…