Glossary

What is ERC-20? “Ethereum Request for Comments 20,” more commonly known as ERC-20, is a technical standard used to implement smart contracts that create the API for tokens on the Ethereum blockchain. Adhering to this standard allows tokens on Ethereum…

What are ERC-20 tokens? ERC-20 tokens are tokens designed and used solely on the Ethereum platform and follow the ERC-20 token standard. Smart contracts are responsible for creating the tokens, handling transactions, and keeping track of the balances. There are…

How is ether (ETH) different from bitcoin (BTC)? When launching the sale of Ethereum’s native cryptocurrency, ether (ETH), co-founder Vitalik Buterin stated, “Ether is a product, NOT a security or investment offering. Ether is simply a token useful for paying…

What is Ethereum? Launched in July of 2015, Ethereum is one of the world’s leading programmable blockchains with two basic functions: a blockchain that can record transactions, and a virtual machine that can produce smart contracts. This programmability allows developers…

What is Ethereum 2.0? When asked about the future of Ethereum, co-founder Vitalik Buterin stated, “scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it…

What’s the difference between Ethereum (ETH) and Ethereum Classic (ETC)? In 2016, hackers exploited a flaw in the smart contract code of the DAO—a decentralized autonomous organization built on the Ethereum blockchain, resulting in the theft valued at the time…