EthereumBeginner
Ethereum
A blockchain that runs programmable accounts and applications, with ether as its native asset.
PLAIN-ENGLISH DEFINITION
In more detail
Ethereum gives developers a shared place to run programs whose results other participants can verify. That's why a lending app, token or game can use the same network instead of building a new chain. The network is Ethereum; the asset used to pay its transaction fees is ether.
IN THE WILD
How you might use it
“Is this token on Ethereum?” asks which network its contract uses, rather than whether the token itself is ETH.
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