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Glossary / Ethereum (ETH)

Ethereum (ETH)

Ethereum is a blockchain that runs programs called smart contracts. ETH is its native coin and pays the network fees, called gas.

Why it matters

Most DeFi apps, stablecoins and NFTs live on Ethereum or on networks built on top of it.

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Related terms

Smart contractA smart contract is a program on a blockchain that runs exactly as written when its condit…Gas feeGas is the fee paid to a blockchain to process a transaction, paid in the chain's native c…Layer 2A layer 2 is a network built on top of a blockchain (often Ethereum) that bundles transact…Proof of stakeProof of stake secures a blockchain by having validators lock up coins as collateral. Misb…

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Written by the VaultX AI team. Educational only, not investment advice.

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