What Is Ethereum?

Ethereum is the world’s leading smart contract platform and the primary infrastructure for decentralised finance and algorithmic trading protocols. As a proof-of-stake blockchain, Ethereum enables self-executing smart contracts that automate complex financial transactions without intermediaries. The network hosts the largest concentration of trading liquidity pools, lending protocols and decentralised exchanges. Transactions are settled on the mainnet or on Layer 2 scaling solutions, with gas fees denominated in Ether (ETH).

See also

• Ether

• EVM

• EVM-compatible

• Smart contract

• Decentralised finance

• Gas fee

• Layer 2