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
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