Ethereum is the platform powering DeFi, NFTs, and thousands of decentralized applications. Here's what you need to know.
What is Ethereum?
Ethereum is a programmable blockchain that goes beyond simple transactions. It enables smart contracts—self-executing agreements that power decentralized applications (dApps).
Bitcoin vs Ethereum
| Bitcoin | Ethereum |
|---|---|
| Digital gold | World computer |
| Store of value | Platform for apps |
| Simple transactions | Programmable money |
What are Smart Contracts?
Smart contracts are programs stored on the blockchain that run when conditions are met. They enable trustless automation of agreements.
Ethereum Use Cases
- DeFi: Lending, borrowing, trading without banks
- NFTs: Digital ownership and art
- DAOs: Decentralized organizations
- Gaming: Play-to-earn and asset ownership
ETH: The Fuel
Ether (ETH) is Ethereum's native currency, used to pay for transactions (gas) and as collateral in DeFi.