What is the Ethereum blockchain?

The Ethereum blockchain is powered by its native cryptocurrency — ether (ETH) — and enables developers to create new types of ETH-based tokens that power dApps through the use of smart contracts. The most common ETH-based cryptocurrencies are built on the ERC-20 token standard.

What is 'Ethereum'?

DEFINITION of 'Ethereum'. The platform is also the basis for its own virtual currency, Ether. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The potential applications of Ethereum are wide ranging.

What is an example of a blockchain?

One example is Ethereum, which has a native cryptocurrency known as ether ( ETH ). But the Ethereum blockchain also allows the creation of smart contracts and programmable tokens used in initial coin offerings (ICOs), and non-fungible tokens (NFTs).

What is the difference between Bitcoin and Ethereum?

Ethereum is a technology that lets you send cryptocurrency to anyone for a small fee. It also powers applications that everyone can use and no one can take down. It's the world's programmable blockchain. Ethereum builds on Bitcoin's innovation, with some big differences. Both let you use digital money without payment providers or banks.