What is Ethereum (ETH)?

Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents approximately 20% of the $1.1 trillion global crypto market. There are some distinct differences between Ethereum and the original crypto.

Why is Ethereum the de facto home for NFTS?

Ethereum has become the de facto home for NFTs because of its ERC-721 NFT token standard, which sets rules for establishing unique smart contract tokens on the Ethereum blockchain. ERC-721 tokens allow a person minting an NFT to attach specific data to it that makes a token permanently linked to the digital asset it is connected to.

What is an Ethereum stake?

An Ethereum stake is when you deposit ETH (32 ETH is required to activate validator software) on Ethereum 2.0 by sending it to a deposit contract, thus helping to secure the network by storing data, processing transactions and adding new blocks to the blockchain.

Does Ethereum have a cryptocurrency?

Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. Still confused? Let's explain everything step-by-step. What is a cryptocurrency? Crypto (short for cryptocurrency) is a new form of digital money powered by cryptography. It all started in 2008 with Bitcoin.