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Ethereum

Ethereum (ETH)

Smart-contract blockchain — second-largest by market cap after BTC

Category: Ethereum Also known as: 1 Related terms: 3

What is Ethereum (ETH)?

Programmable blockchain launched 2015. Foundation for DeFi, NFTs, stablecoins (USDT/USDC on Ethereum), and L2-rollups. Uses Proof of Stake since the Merge (2022).

Also known as

eth

Related terms

  • GasComputation fee paid in ETH for any Ethereum transaction
  • Proof of Stake (PoS)Consensus where stakers (not miners) validate blocks
  • Smart ContractSelf-executing code deployed on a blockchain