Introduction to Ethereum
Learn about Ethereum and how it’s used.
We'll cover the following...
The history of Ethereum
Founded in 2013 by Vitalik Buterin, Ethereum is a decentralized, open-source, distributed global network that allows software to be built and run on a blockchain through smart contracts. These applications, also called dApps, run smoothly without any form of downtime, fraud, central control, or third-party interference. Use cases include sending and receiving transactions, storing data on the blockchain, trading and swapping cryptocurrencies, lending and borrowing, earning interest on holdings through staking, using, and storing NFTs, playing games, and so much more.
Ethereum
Ethereum is powered by its own cryptocurrency called Ether (ETH). ETH is the second-largest cryptocurrency; Bitcoin is the largest. New ETH is generated and released into circulation in the form of a block reward to the miners in a proof-of-work system for verifying and adding blocks to the blockchain. Miners also receive rewards in ETH in the form of transaction fees, called gas, sent with each transaction by the initiator. The block reward and gas serve ...
