What Is Ethereum?
The second-largest cryptocurrency and its programmable blockchain.
What you’ll learn
- •Ethereum, launched in 2015, extended blockchain technology to run programmable smart contracts, not just track balances.
- •A smart contract is code stored on the blockchain that executes automatically and exactly as written when its conditions are met.
- •ETH, Ethereum's native currency, pays network fees called gas, priced according to how much computation an action requires.
- •Ethereum's programmability underpins DeFi, NFTs, and thousands of decentralised applications.
- •In 2022's 'Merge', Ethereum switched from energy-intensive proof of work to proof of stake.
- •Bitcoin is chiefly digital money; Ethereum is a programmable platform with its own currency needed to use it.
Full lesson and quiz for subscribers.
£5/month or a one-off £50 unlocks all 60 days.