Ethereum Explained
The world's programmable blockchain and foundation of web3 innovation.
What is Ethereum?
Ethereum is a decentralized, open-source blockchain platform featuring smart contract functionality. Unlike Bitcoin, which was designed primarily as a digital currency, Ethereum was built to enable developers to build and deploy decentralized applications (dApps).
At its core, Ethereum introduced the concept of programmable money and assets through smart contracts—self-executing contracts with the terms directly written into code. This innovation has enabled an entire ecosystem of applications ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).
Did you know? Ether (ETH) is the native cryptocurrency of Ethereum, but the platform hosts thousands of other tokens built using the ERC-20 standard.
How Ethereum Works
Smart Contracts
Smart contracts are self-executing programs that automatically enforce their terms when predefined conditions are met. They enable trustless agreements without intermediaries.
Ethereum Virtual Machine
The EVM is a Turing-complete software that enables developers to build applications on Ethereum. It processes smart contracts and ensures consistent execution across the network.
Gas Fees
Gas is the fee required to execute operations on the Ethereum network. The more complex the operation, the more computational resources and thus more gas is required.
Proof of Stake
Ethereum has transitioned from Proof of Work to Proof of Stake with "The Merge," significantly reducing energy consumption and enabling more scalable future upgrades.
Ethereum Ecosystem
DeFi
Decentralized finance applications offering lending, borrowing, trading, and more.
NFTs
Non-fungible tokens representing unique digital assets and collectibles.
DAOs
Decentralized autonomous organizations governed by token holders.
Trading Ethereum on Blanket
Blanket makes it easy to trade Ethereum and Ethereum-based tokens through our decentralized exchange. Access the vast ecosystem of ERC-20 tokens while maintaining full control of your assets.
Token Swaps
Easily exchange ETH for any ERC-20 token with competitive rates and low slippage.
DeFi Access
Interact with popular DeFi protocols directly through our intuitive interface.
Gas Optimization
Our platform intelligently suggests the optimal gas price to balance speed and cost.
Start trading Ethereum?
Connect your wallet and access the full Ethereum ecosystem.