Cryptocurrency Q&A What does Ethereum mean?

What does Ethereum mean?

CryptoElite CryptoElite Fri Nov 29 2024 | 7 answers 1596
I recently heard about Ethereum and I'm curious to understand what it actually means. I've heard it's related to cryptocurrency, but I'd like a clear explanation of its definition and purpose. What does Ethereum mean?

7 answers

ethan_thompson_journalist ethan_thompson_journalist Sun Dec 01 2024
The application code on Ethereum is referred to as a smart contract.

Was this helpful?

259
25
EtherWhale EtherWhale Sun Dec 01 2024
Ethereum operates as a decentralized blockchain platform.

Was this helpful?

291
23
SamuraiWarrior SamuraiWarrior Sun Dec 01 2024
It facilitates the establishment of a peer network.

Was this helpful?

166
72
BlockchainVisionary BlockchainVisionary Sun Dec 01 2024
This network is capable of securely executing and verifying application code.

Was this helpful?

154
70
Maria Maria Sat Nov 30 2024
Smart contracts enable participants to engage in transactions with each other.

Was this helpful?

275
71
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts