Ethereum

How it is used

Developers build on Ethereum or deploy contracts to Ethereum. Many other networks describe themselves as Ethereum-compatible or EVM-compatible. In everyday speech people often call the coin Ethereum too, although its official name is ether.

Example sentences

1. We deployed the first version of the contract on Ethereum last week.

2. Fees on Ethereum were high during the launch, so many users moved to a layer 2.

Common collocations

• build on Ethereum
• Ethereum network
• Ethereum mainnet
• Ethereum-compatible
• Ethereum developer

Related terms

• smart contractA program stored on a blockchain that runs automatically when certain conditions are met. Once deployed it usually cannot be changed, and it can hold and move funds without a middleman.
• EVMShort for Ethereum Virtual Machine: the software environment that runs smart contracts on Ethereum. Every node runs it, so all nodes get the same result from the same code.
• proof of stakeA consensus mechanism in which validators lock up coins as a stake to win the right to propose and confirm blocks. Those who break the rules can lose part of their stake. It uses far less energy than proof of work.
• SolidityThe most widely used programming language for writing smart contracts on Ethereum and other EVM-compatible blockchains. Its syntax looks a little like JavaScript and C++.
• gas feeThe fee paid to the network to process a transaction or run a smart contract, especially on Ethereum and similar chains. It goes up when the network is busy.

More terms: Coins & Tokens

• cryptocurrency
• Bitcoin
• token
• stablecoin
• altcoin
• ERC-20
• tokenomics
• airdrop
• ICO
• circulating supply
• satoshi
• mint