Ethereum is the second-largest cryptocurrency by trade volume.
Ethereum is a decentralized, open-source, permissionless blockchain and is the largest smart contract platform in the world.
Its native cryptocurrency is called Ethereum or ETH which powers the blockchain. ETH is used as a store value, mining rewards & transaction (gas) fees.
Ethereum has got popular due to Decentralized Finance or DeFi and Non-Fungible Tokens or NFTs. Both use Smart Contracts which have been the defining factor for Ethereum’s existence.
If the concept of Ethereum sounds unfamiliar to you, and you are still stuck with the question, ”What Does Ethereum Exactly Mean?”
Then you have landed on the correct video.
I'm going to take you through Ethereum in just 60 seconds.
Comment below your opinion “Do you own any Ethereum? And what are your price predictions for 2022?”
#Ethereum Explained In Under 60 Seconds | #shorts
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