ETHEREUM · READING THREAD

The pieces behind an Ethereum transaction.

Follow Ethereum from smart contracts and the EVM to gas, ERC-20 token interfaces and proof-of-stake consensus.

Ethereum foundations

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  1. Ethereum

    A blockchain that runs programmable accounts and applications, with ether as its native asset.

  2. Smart contract

    A program on a blockchain that executes defined rules when it is invoked.

  3. EVM

    The Ethereum Virtual Machine, which executes Ethereum contract bytecode according to shared rules.

  4. Gas

    The unit Ethereum uses to measure the computation and other resources a transaction consumes.

  5. ERC-20

    An Ethereum interface standard for fungible tokens, including balances, transfers and spending allowances.

  6. Proof of stake

    A consensus approach that uses committed assets to help select validators and hold them accountable.

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