Crypto Glossary

With hundreds of new crypto-related terms coined regularly, it’s o.k. if something has you stumped. Let our crypto glossary help clear up your crypto confusion!


Ethereum is a super-adaptable platform that transforms how whole industries work with its programmable smart contracts.

Here are the basics:

Ethereum is a network of computers (nodes) that run on the same protocol. This global network – called a blockchain – securely stores transactions that everyone can see instantly.

What makes Ethereum stand out are smart contracts – programs that automatically run transactions when certain conditions are met.

Ether (ETH) is used to pay for computation and token swaps on Ethereum. Users “fuel” smart contracts and DApps with ETH.

Being decentralized means no single entity controls Ethereum – the open-source software runs on nodes worldwide. This makes it appealing for developers and businesses.

In 2022, Ethereum upgraded from “proof-of-work” to “proof-of-stake.” Now validators have to lock up ETH to validate transactions, losing ETH for any dishonesty. This secures the network.

Users interact with Ethereum through digital wallets that store ETH and keys for transactions.

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