Skip to Main Content
It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.

Blockchain and Cryptocurrency: Ethereum

What is Ethereum?

What is Ethereum?

Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoin—and most other virtual currencies—Ethereum is intended to be much more than simply a medium of exchange or a store of value. Instead, Ethereum calls itself a decentralized computing network built on blockchain technology.

 

References
Rodeck, D. & Curry, B. (2021, March 26) What Is Ethereum And How Does It Work? Forbes
https://www.forbes.com/advisor/investing/what-is-ethereum-ether/


KEY TAKEAWAYS

  • Ethereum is an open-source blockchain-based platform used to create and share business, financial services, and entertainment applications.

  • Ethereum users pay fees to use dapps. The fees are called "gas" because they vary depending on the amount of computational power required.

  • Ethereum has its own associated cryptocurrency, Ether or ETH.

  • Its cryptocurrency is now second only to Bitcoin in market value.

 

References
Frakenfield, F. (2021, June 4). Ethereum. Investopedia
https://www.investopedia.com/terms/e/ethereum.asp

Welcome to Ethereum

Welcome to Ethereum.org

Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications.

ethereum.org is your portal into the world of Ethereum. The tech is new and ever-evolving – it helps to have a guide. Here's what we recommend you do if you want to dive in.

What is Ethereum? Ultimate Beginner's Guide to Ethereum 2021

Ethereum RSS Feed

Loading ...