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.

Lilac crystalline Ethereum symbol above connected application tiles, with the title Ethereum and the explanation A programmable blockchain. Ether is its native asset.
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PRICE, IN CONTEXT

EthereumETH

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