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What is Ethereum?

What is Ethereum?



What is Ethereum (ETH)?

Ethereum is an open-source blockchain platform that allows users to build decentralized applications. It is the second most popular cryptocurrency by market capitalization and has been touted by many to topple Bitcoin in what they call the “great flippening.” This is due in large part to its being a software platform for decentralized applications (dApps). While other blockchains keep transaction data in their ledgers, Ethereum goes further by allowing users to store smart contracts. Smart contracts are like paper contracts, except they’re written in executable codes—the codes auto-execute when the terms of the contract have been fulfilled. DApps, which are familiar web applications with one or many smart contracts, can be deployed on the Ethereum blockchain using Ether (ETH)— the native cryptocurrency, for transaction (or gas) fees.

DApps deployed on the Ethereum blockchain are immutable and stored in a distributed way. No one, including the founders, have the means to remove them. Anyone with internet access can interact with the Ethereum blockchain and build dApps to provide services, including issuing new cryptocurrencies, known as Ethereum tokens. 

The whole ecosystem of DApps and smart contracts that provide financial services is known as Decentralized finance or DeFi, the biggest thing in crypto, made possible by the Ethereum blockchain. 

What is Ethereum Price?

You can track the latest ETH price and read charts on this page

Where to buy Ethereum?

Buy Ethereum directly into your YouHodler wallet.

How to earn interest on Ethereum?

Do more than just HODL; deposit Ethereum into your Youhodler wallet and accrue weekly returns. 

How to take a loan with Ethereum?

You can take a loan with YouHodler by depositing your Ethereum as collateral.

How to trade Ethereum?

Ethereum is usually traded on margin markets on centralized exchanges. However, you can leverage YouHodler’s Multi HODL feature to multiply your holding.

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