Ethereum Price Predictions and Market Movements
ERC20
ERC-20 is a smart contract and technical standard name for creating tokens or coins on the Ethereum blockchain that has specific characteristics. It provides a set of rules that allow developers to create and interact with fungible tokens that are interoperable across different platforms and services.
NFT (Non-Fungible Token)
An NFT (Non-Fungible Token) is a unique digital asset that represents ownership of a specific item or piece of content on the blockchain. Unlike cryptocurrencies, which are fungible and identical, NFTs are non-fungible, meaning each token is unique and cannot be exchanged one-to-one with another.
Web3
Web3 is a new version of the Internet that allows users to own and control their digital assets, identity, and data. It leverages blockchain technology to create a decentralized ecosystem where users can seamlessly interact with various applications while maintaining control over their personal information.
EVM (Ethereum Virtual Machine)
The EVM (Ethereum Virtual Machine) is the runtime environment for executing smart contracts on the Ethereum blockchain. It acts as the decentralized computer that developers interact with when creating and deploying smart contracts, ensuring that code runs exactly as intended across all nodes in the network.
dApp (Decentralized Application)
A dApp (decentralized application) is a software application that runs on a blockchain network, rather than a centralized server. dApps use smart contracts to execute functions without relying on a centralized authority, providing transparency, security, and user control.
DEX (Decentralized Exchange)
A decentralized exchange (DEX) is a type of cryptocurrency exchange that allows users to trade assets directly with each other without relying on a central authority. DEXs operate on blockchain networks using smart contracts to facilitate trades in a peer-to-peer and trust-less manner.
Ethereum Foundation
The Ethereum Foundation is a non-profit organization dedicated to supporting the development, growth, and sustainability of the Ethereum ecosystem. It provides funding, coordination, and resources to projects and teams working on Ethereum's core technology and community development.