Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a unit of account on the Ethereum blockchain. It is also used to pay for transaction fees and computational services on the network.
Ethereum has a native currency, ether (ETH), which is used to pay for transaction fees and computational services on the network. ETH is also used as a unit of account on the Ethereum blockchain.
NOTE: WARNING: The unit of Ethereum is not a standardized measure and can vary greatly depending on the context. As such, it is important to be aware of the exact terms and conditions surrounding any transaction that involves Ethereum, as well as any applicable laws or regulations. Additionally, investing in Ethereum carries a high level of risk and may not be suitable for everyone. Before investing, please carefully consider your financial situation and risk tolerance.
The smallest unit of ETH is called a wei. 1 ETH = 10^18 wei.
Ethereum’s native currency, ether, is used to pay for transaction fees and computational services on the network.
The smallest unit of ETH is called a wei.