(noun): A decentralized, open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications (dApps).
Example: Many developers build their decentralized applications on the Ethereum platform.
EVM (Ethereum Virtual Machine)
(noun): The runtime environment in which smart contracts on the Ethereum blockchain are executed.
Example: The EVM processes and executes smart contracts written in Solidity.
ERC-20 (Ethereum Request for Comments 20)
(noun): A token standard on the Ethereum blockchain that defines a set of rules and functionalities for fungible tokens.
Example: The ERC-20 standard allows for the creation and seamless interoperability of different tokens on the Ethereum network.
ERC-721 (Ethereum Request for Comments 721)
(noun): A token standard on the Ethereum blockchain that defines a set of rules and functionalities for non-fungible tokens (NFTs).
Example: ERC-721 tokens are used to represent unique digital assets such as collectibles and in-game items.
ERC-1155 (Ethereum Request for Comments 1155)
(noun): A token standard on the Ethereum blockchain that combines the features of both ERC-20 and ERC-721 standards, allowing for the creation of both fungible and non-fungible tokens.
Example: ERC-1155 tokens offer greater flexibility by enabling the creation of both interchangeable and unique tokens within a single contract.
ENS (Ethereum Name Service)
(noun): A decentralized domain name system built on the Ethereum blockchain that translates human-readable domain names into machine-readable Ethereum addresses.
Example: The ENS allows users to register and use domain names like “mywebsite.eth” instead of relying on long and complex Ethereum addresses.
EIP (Ethereum Improvement Proposal)
(noun): A formal proposal submitted by the Ethereum community to suggest changes, improvements, or new features to the Ethereum protocol.
Example: EIP-1559 proposed changes to the Ethereum fee structure to make transactions more predictable and efficient.
(noun): The native cryptocurrency of the Ethereum blockchain used for various purposes, such as paying for transaction fees, executing smart contracts, and storing value.
Example: To deploy a smart contract on Ethereum, you need to pay the gas fees in Ether.
(noun): The process of converting information or data into a coded form to prevent unauthorized access and ensure data security.
Example: End-to-end encryption protects private messages from being intercepted and read by anyone other than the intended recipients.
(noun): A financial arrangement where a trusted third party holds and regulates funds or assets on behalf of transacting parties until certain conditions are met.
Example: In a real estate transaction, an escrow account can be used to hold the purchase funds until all legal and contractual obligations are fulfilled.
(noun): A community or network of interconnected entities, organizations, and individuals that interact and depend on each other within a specific environment or industry.
Example: The Ethereum ecosystem consists of developers, miners, users, and various dApps and platforms built on top of the Ethereum blockchain.
(noun): The process of carrying out or performing a task, operation, or instruction.
Example: Smart contracts on Ethereum are executed by the Ethereum Virtual Machine (EVM) when specific conditions are met.
ERC-223 (Ethereum Request for Comments 223)
(noun): A token standard on the Ethereum blockchain that addresses some issues present in the ERC-20 standard, particularly in relation to the handling of token transfers.
Example: ERC-223 tokens aim to improve security and prevent token loss during transfers by implementing a tokenFallback function.
ERC-777 (Ethereum Request for Comments
(noun): A token standard on the Ethereum blockchain that enhances the functionality and security of ERC-20 tokens by introducing new features like operators and hooks.
Example: ERC-777 tokens provide more control and customization options for token holders and contract developers compared to ERC-20 tokens.
(noun): A platform or marketplace where individuals or entities can trade or swap assets, such as cryptocurrencies, stocks, or commodities.
Example: Users can buy and sell cryptocurrencies on a cryptocurrency exchange like Binance or Coinbase.
Explorers (Blockchain explorers)
(noun): Online tools or platforms that allow users to browse and search the contents of a blockchain, including transactions, addresses, and blocks.
Example: Etherscan and Blockchair are popular blockchain explorers for Ethereum, providing visibility into the Ethereum network’s activity.
ERC-20 token standard
(noun): A set of rules and conventions defining the functionalities and behavior of fungible tokens on the Ethereum blockchain.
Example: The ERC-20 token standard ensures that different ERC-20 tokens on Ethereum can be easily integrated and used by various wallets and applications.
ERC-721 token standard
(noun): A set of rules and conventions defining the functionalities and behavior of non-fungible tokens (NFTs) on the Ethereum blockchain.
Example: ERC-721 token standard allows for the unique representation and ownership of digital collectibles and unique assets.
ERC-1155 token standard
(noun): A set of rules and conventions defining the functionalities and behavior of tokens that can be both fungible and non-fungible on the Ethereum blockchain.
Example: The ERC-1155 token standard is used for game items where some items can be freely interchangeable, while others possess unique attributes.
(noun): A security measure that ensures that data or messages are encrypted and can only be decrypted by the intended recipient, protecting the content from unauthorized access.
Example: Popular messaging apps like Signal and WhatsApp use end-to-end encryption to secure private conversations.
(noun): A blockchain platform that emerged as a result of a contentious hard fork from the original Ethereum network, maintaining the pre-fork version of Ethereum.
Example: Ethereum Classic preserves the blockchain history and rules of Ethereum before the DAO (Decentralized Autonomous Organization) hack.
ENS domain names
(noun): Domain names registered and used on the Ethereum Name Service (ENS), enabling users to associate human-readable names with Ethereum addresses.
Example: John registered the domain name “mywebsite.eth” on ENS to make it easier for people to access his decentralized website.
EIP-1559 (Ethereum Improvement Proposal 1559)
(noun): A proposal to improve the Ethereum fee structure by introducing a mechanism called a base fee and burning a portion of the transaction fees.
Example: EIP-1559 aims to make transaction fees more predictable and reduce Ethereum’s inflationary pressure through fee burning.
EIP-20 (Ethereum Improvement Proposal 20)
(noun): The Ethereum Improvement Proposal that introduced the ERC-20 token standard, defining the rules for creating fungible tokens on the Ethereum blockchain.
Example: EIP-20 laid the foundation for the widespread adoption of tokens on Ethereum, facilitating the creation of various cryptocurrencies and tokenized assets.
EIP-721 (Ethereum Improvement Proposal 721)
(noun): The Ethereum Improvement Proposal that introduced the ERC-721 token standard, enabling the creation of unique non-fungible tokens (NFTs) on the Ethereum blockchain.
Example: EIP-721 revolutionized the digital art industry by allowing artists to tokenize and sell unique pieces of digital artwork.
EIP-1155 (Ethereum Improvement Proposal 1155)
(noun): The Ethereum Improvement Proposal that introduced the ERC-1155 token standard, providing a single contract interface for both fungible and non-fungible tokens on the Ethereum blockchain.
Example: EIP-1155 improved efficiency and reduced contract complexity by allowing the creation of multiple types of tokens within a single smart contract.
Ethereum gas fees
(noun): The fees paid in Ether to execute transactions and smart contracts on the Ethereum network, which compensate miners for their computational work.
Example: High demand and network congestion can result in increased Ethereum gas fees, making transactions more expensive to process.
(noun): Tokens that adhere to the ERC-20 token standard, ensuring compatibility and interoperability between different tokens on the Ethereum blockchain.
Example: Many popular cryptocurrencies, such as Ethereum (ETH) and Binance Coin (BNB), are ERC-20 tokens.
(noun): Tokens that adhere to the ERC-721 token standard, representing unique and indivisible assets on the Ethereum blockchain, such as collectibles or digital art.
Example: CryptoKitties, a popular NFT-based game, uses ERC-721 tokens to represent unique virtual cats that can be traded and bred.
(noun): Tokens that adhere to the ERC-1155 token standard, allowing for the creation of both fungible and non-fungible tokens within a single contract on the Ethereum blockchain.
Example: A gaming platform can use ERC-1155 tokens to represent both in-game currency (fungible) and unique game items (non-fungible).
(noun): A decentralized peer-to-peer network of computers, or nodes, that collectively maintain the Ethereum blockchain and execute smart contracts.
Example: The Ethereum network enables secure and transparent transactions without relying on a centralized authority.
(noun): Blockchains that are compatible with the Ethereum Virtual Machine (EVM) and can execute Ethereum smart contracts.
Example: Binance Smart Chain (BSC) is an EVM-compatible blockchain that allows developers to deploy and run Ethereum-based smart contracts.
ERC-677 (Ethereum Request for Comments 677)
(noun): A token standard on the Ethereum blockchain that extends the functionality of ERC-20 tokens by introducing new features like callbacks during token transfers.
Example: ERC-677 tokens allow for more interactive and feature-rich token transfers, enabling additional functionalities like triggering external contracts.