Ethereum


Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more. On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

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More / Etherum Reddit - 2 years ago

Build on Ethereum

Genuine question as I’m coming over from Bitcoin to the land of DeFi. Bitcoin is pretty standard. Bitcoin = (A Store of) Value Ethereum has value and has smart contracts build in. I read more and more about companies that “build on Ethereum”, like...

More / Etherum Reddit - 2 years ago

New to Ethereum Question

I’m very new to crypto and thinking of buying some alt coins or meme coins. I was having a look on Dexscreener at a meme coin and it says WETH next to it. What does this mean? To be able to buy the meme coin do I need Ether or a certain type of Ethe...

More / Etherum Reddit - 2 years ago

DeFi tooling on Ethereum

Hi all, Keen for some more examples of DeFi tooling apps around Ethereum: ​ Uniswap V4 --> will allow anyone to create their own pool on Uniswap with their own parameters Geode Finance --> allows anyone to create their own liquid stakin...

More / Etherum Reddit - 2 years ago

Ethereum gas question

Ok so I heard the other day that ethereum is going to make gas fees up to 99% cheaper. Is this true? If so when as I've launched a meme coin already and was working on another to be used in everyday life transactions. If ethereum drops the price...

More / Etherum Reddit - 2 years ago

My first day in Ethereum

In my country the crypto issue was always very present, but I had never paid attention. There was a lot of talk about bitcoin and Ethereum and how powerful they were, I the truth being a total ignorant of the subject I decided to ignore it, until a f...