What is Ethereum?

ABOUT THE BLOCKCHAIN

Ethereum Blockchain Summary

Launch Year

2015

Type

Public Blockchain

Consensus

Proof-of-Work (PoW) (Transitioned to Proof-of-Stake (PoS))

Ethereum revolutionized blockchain technology by introducing smart contracts, enabling a whole new world of decentralized applications (dApps) and programmable logic. It boasts a vast developer community, a flourishing ecosystem of DeFi protocols, the largest NFT marketplace, and serves as a foundation for countless other blockchain projects. Ethereum’s ongoing transition to Proof-of-Stake aims to address scalability and sustainability challenges, paving the way for its continued growth and innovation.

STAKING

Ethereum staking mechanism and details

Ethereum is currently undergoing a major transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Here’s how staking will work on the upgraded Ethereum:

Details about Ethereum staking

Validator Requirements
To become a validator, users must stake a minimum of 32 ETH and run specialized software.
Rewards
Validators earn rewards in ETH for securing the network and validating transactions.
Lido and Similar Services
Platforms like Lido offer liquid staking, allowing users to stake smaller amounts of ETH and receive derivative tokens representing their staked ETH.

NATIVE CRYPTOCURRENCY

Blockchain's native cryptocurrency: ETH

Coin Utility

Used to pay transaction fees (gas), participate in staking, and as a medium of exchange within the Ethereum ecosystem.

Supply

While ETH doesn’t have a fixed maximum supply, recent changes (EIP-1559) have introduced a burning mechanism which can make ETH deflationary under certain conditions.

Layer 2 Solutions

To address scalability issues, Ethereum relies on Layer 2 solutions (e.g., Optimism, Arbitrum) to increase throughput and reduce transaction costs.

SMART CONTRACTS

Ethereum Smart Contracts

Ethereum’s smart contract functionality laid the foundation for the explosion of dApps in various industries. Solidity is the most widely used programming language for developing Ethereum smart contracts. Ethereum’s developer ecosystem provides extensive tooling and resources, fostering innovation and continuous development of new use cases.

Details about Ethereum smart contracts

Robust Developer Community
Tap into a vast network of developers, extensive resources, and established tooling.
Wide Range of Use Cases
Supports diverse applications, including DeFi, NFTs, gaming, and much more.

WALLETS

Ethereum Wallet Options

BUY CRYPTO

How to Buy Ethereum (ETH): A Guide to Popular Exchanges

As the second-largest cryptocurrency, Ethereum (ETH) is widely available for purchase on various exchanges. Let’s explore some popular options to help you find the best place to buy Ethereum for your needs.

Best CEXs to Buy ETH

Binance
Global exchange featuring high liquidity and ETH trading pairs.
Coinbase
Popular and user-friendly exchange with ETH trading.
Kraken
Well-respected exchange offering a good selection of cryptocurrencies, including ETH.
KuCoin
Global exchange featuring several trading pairs for ETH.
Gemini
Trusted exchange regulated in the US, known for security and compliance, featuring ETH trading.

Best DEXs to Buy ETH

Uniswap
Market-leading decentralized exchange on the Ethereum network.
Sushiswap
Popular DEX offering additional yield-earning opportunities.
1inch
DEX aggregator sourcing liquidity from multiple exchanges for potential price optimization.
Curve Finance
Specialized DEX focusing on stablecoin swaps, often a source of wrapped ETH (WETH).

Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy Ethereum that suits your requirements.

TRACK ALL YOUR ASSETS

How to track Ethereum assets?

Monitor and capitalize all your Ethereum assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.

7 easy steps to track and capitalize all your Ethereum assets

Open your crypto wallet app or web extension

Select your Ethereum public wallet address and copy it

Open the Hodlezz mobile app and create a portfolio

Select the settings icon in your portfolio

Select [Add connector] from the menu

Select [Ethereum] for any Ethereum compatible address

Choose a name for your connector and insert your public wallet address

Start tracking all your crypto assets now

Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.