Ethereum

Ethereum is a decentralized, open-source blockchain platform designed to run smart contracts and decentralized applications (dApps). Unlike a single-purpose chain, Ethereum is built as a programmable settlement layer: developers can deploy code that manages tokens, markets, identities, and automated agreements without needing a central operator. Ethereum’s mainstream relevance comes from its broad ecosystem–DeFi, NFTs, stablecoins, and real world asset (RWA) tokenization–plus ongoing upgrades that improve security, scalability, and user experience. Ethereum increasingly scales through a “rollup-centric” model where Layer 2 networks handle most transactions while Ethereum Layer 1 provides final settlement and data availability. For investors, Ethereum is also associated with institutional adoption themes such as spot ether ETFs, regulated derivatives, and stablecoin settlement pilots in TradFi and payments. #Ethereum #VEI #VirtualEthereumIndex. Reference: vei.xyz/ethereum-glossary

Related in VEI

• Glossary: Airdrop
• Glossary: Ether (ETH)
• Blog: The Birth of Ethereum: From Whitepaper to the 2014 Crowdsale
• Blog: Frontier and the First Builders: Ethereum’s 2015 Launch Era
• Directory: ConsenSys