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 - 3 years ago

Ethereum long term

Hi, I've been using the ethereum chain for a while now for NFT gaming, since I started gas fees just go up. My question is, are they trying to fix this? And if so how much it'll take to make Ethereum usable again? submitted by /...

More / Etherum Reddit - 3 years ago

Investing in Ethereum through PayPal?

I will preface this by saying that I know next to nothing about crypto. That being said, it looks like Paypal allows you to buy and hold Ethereum and some other cryptocurrencies. Besides potential loss of principal as with any other investment, are t...

More / Etherum Reddit - 3 years ago

Are Ethereum Addresses the same as Polygon?

On OpenSea, I can sell my NFTs on Polygon (MATIC) to lower gas fees. Whenever the NFT is resold, I can specify a royalty to be received by certain wallets. When I create a collection, it prompts me for address(es) to send the royalties to. &#x...