Definition
A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps). Ethereum's native cryptocurrency is Ether (ETH).
Why It Matters
Ethereum is the foundation of DeFi, NFTs, and most Web3 applications, making it one of the most important platforms in the cryptocurrency ecosystem.
Example
A developer deploys a lending smart contract on Ethereum that allows users to borrow and lend cryptocurrency without a bank.
Related Terms
Smart Contract
Gas Fee
ERC-20
DeFi