Ethereum is a blockchain network designed to run smart contracts and decentralised applications, not just payments. Its native asset is ether (ETH), which is used to pay for transactions and computing on the network.

How it works

Developers build a huge range of applications on Ethereum, from DeFi and NFTs to DAOs. The network uses a Proof of Stake consensus mechanism, where validators stake ETH to help secure it.

Things to keep in mind

As one of the most widely used networks, Ethereum has shaped much of the wider crypto ecosystem. Its fees, known as gas, rise and fall with demand.