{"id":4285,"date":"2020-10-29T11:23:25","date_gmt":"2020-10-29T11:23:25","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=4285"},"modified":"2024-04-17T12:19:52","modified_gmt":"2024-04-17T12:19:52","slug":"what-is-ethereum","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/","title":{"rendered":"Ethereum"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Being among the earliest projects built on blockchain technology, Ethereum is one of the most successful projects in the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But what is Ethereum exactly and why has it become one of the most prominent projects in the crypto space? In this article, we answer this and many more questions that will help you understand the reasons behind Ethereum\u2019s rapid growth and success.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is Ethereum?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ethereum is a blockchain network that allows its participants to build their very own decentralized applications (also known as dApps). By doing so, people are able to connect directly with one another, removing the need of a middleman, and paving the way towards a truly decentralized internet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is Ethereum\u2019s founder, Vitalik Buterin, explaining the basics of Ethereum:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/TDGq4aeevgY\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Understanding Ethereum\u2019s infrastructure<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Decentralized applications are built by using a specific coding language known as Solidity. This programming language is able to create automated contracts that act as the foundation of all decentralized applications. These so called \u201csmart contracts\u201d contain a predetermined set of conditions that, once fulfilled, trigger specific actions. Let us give an example:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you make a contract at your local gym, you agree to pay a certain amount of money each month to use the equipment of the facility. <\/span><b>If<\/b><span style=\"font-weight: 400;\"> you pay $100 in the first week of the month (conditions), <\/span><b>then<\/b><span style=\"font-weight: 400;\"> you can continue working out at the gym (action).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, a typical contract has many variables that may affect the outcome of the process &#8211;\u00a0 enforcement, management, performance, timing, and more. Smart contracts take care of all these aspects by completely automating the process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if the owner of your gym has a smart contract to collect your monthly payment, he doesn\u2019t need to actively walk up to you and request a payment. Instead, the contract knows if the conditions are met:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If a payment is made, you will be able to pass the reception desk and enter the facility.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If a payment is not made, you will not be able to pass through the reception.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Ethereum\u2019s payment network<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We have already established that Ethereum is not a currency like Bitcoin. Instead, it is the most popular infrastructure for running decentralized applications worldwide.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That being said, the platform is also used as a peer to peer payment network, and this is where it&#8217;s cryptocurrency comes in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum\u2019s ecosystem is fueled by tokens known as Ethers or ETH. The digital currency incentivizes the network and is used to pay the necessary fees when making transactions.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ethereum &amp; the community behind it<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Ethereum community consists of thousands of cryptocurrency enthusiasts, developers, tech innovators and HODLERs.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you wish to have a look at all the available online Ethereum communities, as well as community events and meetups, make sure you check <\/span><a href=\"https:\/\/ethereum.org\/en\/community\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">this page<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you are a developer and want to build a project on Ethereum, consider participating in <\/span><a href=\"https:\/\/ethglobal.co\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">one of the available hackathons<\/span><\/a><span style=\"font-weight: 400;\"> near you.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Check the Ethereum Alliance <\/span><a href=\"https:\/\/entethalliance.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\">, to find out more about the network\u2019s partnerships.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Upcoming developments and their potential impact\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One of the most awaited developments in the Ethereum network is the project\u2019s migration from PoW (Proof of Work) consensus to PoS (Proof of Stake). The upgrade that has been under development since 2016 will allow users with <\/span><a href=\"https:\/\/cointelegraph.com\/explained\/ethereum-20-staking-explained#:~:text=1.-,What%20is%20Ethereum%202.0%20staking%3F,blockchain%20in%20return%20for%20rewards.\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">32+ ETH<\/span><\/a><span style=\"font-weight: 400;\"> in their wallet to stake their coins and earn passive income, as well as participate in the ecosystem\u2019s decision making processes. Additionally, the upgrade will also introduce <\/span><a href=\"https:\/\/ethereum.org\/en\/eth2\/#shard-chains\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">shard chains<\/span><\/a><span style=\"font-weight: 400;\"> to the network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of this writing, the Ethereum network is testing ETH 2.0\u2019s phase 0, and you can <\/span><a href=\"https:\/\/ethereum.org\/en\/eth2\/get-involved\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">get involved<\/span><\/a><span style=\"font-weight: 400;\"> in the testing process if you wish to do so.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Fundamentals are the key driver of ETH popularity<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Naturally, if you are looking to understand what is Ethereum, you are probably keen to learn more about its past price action, and what the token\u2019s future may look like. Let\u2019s have a quick look at ETH\u2019s performance within 2020:<\/span><\/p>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4287 aligncenter\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png\" alt=\"what is ethereum\" width=\"2224\" height=\"1237\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png 2224w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-300x167.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-1024x570.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-150x83.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-768x427.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-1536x854.png 1536w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action-2048x1139.png 2048w\" sizes=\"auto, (max-width: 2224px) 100vw, 2224px\" \/><\/picture><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum seems to be moving within a positive growth trajectory when looking at the tops and bottoms of the 1-day chart. While the cryptocurrency is slowly on track to <\/span><a href=\"https:\/\/cointelegraph.com\/news\/ethereum-price-back-on-track-to-500-once-bulls-flip-400-to-support\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">a price tag of $500<\/span><\/a><span style=\"font-weight: 400;\">, there are three points we should briefly touch upon:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The cryptocurrency made a nearly 100% recovery over the first two months of 2020, only to lose all of its gains within a week, due to the pandemic-related crash. In just one week, Ethereum dropped more than 60%.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As the cryptocurrency starts recovering from the pandemic-related drop, the markets are slowly starting to become more accustomed to the concept of DeFi. The popularity of Decentralized Exchanges, paired with the increased utility of Ethereum, causes a large spike in the price of Ether, and the price reaches a local top of $475.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">While the price entered a consolidation period shortly after its local peak, we can see exponential growth starting to build up when looking at its higher bottoms. This information could indicate that we are about to experience a new bull run, the catalyst of which could very well be the release of ETH 2.0.<\/span><\/li>\n<\/ol>\n<h3><span style=\"font-weight: 400;\">Is it worth buying ETH now?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">We recently made an <\/span><a href=\"https:\/\/paybis.com\/blog\/ethereum-price-prediction\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ethereum price prediction<\/span><\/a><span style=\"font-weight: 400;\"> and gave a few pointers with regards to the coin\u2019s future. To summarize our thoughts on Ethereum\u2019s potential, we can confidently say that the best is yet to come. As the cryptocurrency continues to become increasingly important in the space and hype shows no signs of slowing down, this could be a great moment to invest in Ethereum.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How to buy ETH in a fast and easy way<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Buying Ether is very simple. The guide below offers a simple explanation on how the process works:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1st Step: Create an Ethereum wallet<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When you choose to buy Ethereum from an exchange or receive it from another user, you will need to provide an address to indicate where you wish the funds to be sent. These addresses can be found in cryptocurrency wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are many different options when it comes to Ethereum (ETH) wallets, and they can all be used for coin storage:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you wish to use a <\/span><b>mobile wallet<\/b><span style=\"font-weight: 400;\"> (phone application), consider using <\/span><a href=\"https:\/\/jaxx.io\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Jaxx<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">When it comes to <\/span><b>online wallets<\/b><span style=\"font-weight: 400;\">, you can use the <\/span><a href=\"https:\/\/metamask.io\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Metamask<\/span><\/a><span style=\"font-weight: 400;\"> Chrome extension (also downloadable as a mobile app).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you\u2019re more into <\/span><b>desktop wallets<\/b><span style=\"font-weight: 400;\">, the best option is <\/span><a href=\"https:\/\/atomicwallet.io\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Atomic wallet<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As far as <\/span><b>hardware wallets<\/b><span style=\"font-weight: 400;\"> are concerned, our favorite option is the <\/span><a href=\"https:\/\/shop.ledger.com\/products\/ledger-nano-s\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ledger Nano S<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Finally, you can also use <\/span><a href=\"https:\/\/www.myetherwallet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">MyEtherWallet<\/span><\/a><span style=\"font-weight: 400;\">; a non-custodial, open-source wallet option.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">2nd Step: Head over to Paybis and start a new transaction<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As soon as you create your wallet, visit Paybis to <\/span><a href=\"https:\/\/paybis.com\/buy-ethereum\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">buy Ethereum<\/span><\/a><span style=\"font-weight: 400;\">. Register for a new account and make sure you complete the verification process, which takes less than 5 minutes to go through.<\/span><\/p>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4290 aligncenter\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1.png\" alt=\"how to buy ethereum\" width=\"1674\" height=\"680\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1.png 1674w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1-300x122.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1-1024x416.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1-150x61.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1-768x312.png 768w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-1-1536x624.png 1536w\" sizes=\"auto, (max-width: 1674px) 100vw, 1674px\" \/><\/picture><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Select the payment method and currency you wish to use for your purchase from the drop-down menu and indicate how much money you want to spend.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As soon as you enter the amount you wish to spend (on the left box) you will see your expected payout (on the right box). If Ethereum is not selected, make sure you choose it from the drop-down menu.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">When ready to start a transaction, click on \u201cBuy Ethereum\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">We selected Credit\/Debit Card as our payment method since all new users receive one commission-free transaction when they sign up to the platform.<\/span><\/li>\n<\/ol>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4289 aligncenter\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-2.png\" alt=\"create ethereum wallet\" width=\"920\" height=\"797\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-2.png 920w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-2-300x260.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-2-150x130.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-2-768x665.png 768w\" sizes=\"auto, (max-width: 920px) 100vw, 920px\" \/><\/picture><\/p>\n<p><span style=\"font-weight: 400;\">5. At this point, you will be asked to provide your Ethereum (ETH) address. Head over to your private wallet, copy your public address, and paste it in the selection box.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">6. As soon as your wallet is entered, click on \u201cContinue\u201d. Note that, if you have not yet verified your account, you will now need to go through the verification process. For verified users, this action will automatically take you to the payment page.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">3rd Step: Make a payment and receive your coins<\/span><\/h3>\n<p><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4288 aligncenter\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3.png\" alt=\"what is ethereum\" width=\"1534\" height=\"950\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3.png 1534w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3-300x186.png 300w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3-1024x634.png 1024w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3-150x93.png 150w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/buy-eth-3-768x476.png 768w\" sizes=\"auto, (max-width: 1534px) 100vw, 1534px\" \/><\/picture><\/p>\n<p><span style=\"font-weight: 400;\">7. As soon as you land on the payment page, you will be prompted to enter the details of your card and complete your payment. Note that, for each payment method, this step might look slightly different, since different information might be needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">8. When ready to complete your payment, click on \u201cContinue\u201d to finalize your order.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that\u2019s it. As soon as Paybis receives your payment, you will automatically receive the ETH tokens in your wallet. If your wallet does not depict the value of your newly acquired coins, make sure to use our website to keep track of the <\/span><a href=\"https:\/\/paybis.com\/price\/ethereum\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Ethereum price<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wrapping up<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After reading this guide, you should know why Ethereum is a great opportunity both for investors and for developers. As we are slowly moving into a fully decentralized future, we expect to see a growth in decentralized applications and Ethereum\u2019s potential.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While we are certainly on a good track, we do believe that it might still take a few years before Ethereum becomes a household name and revolutionizes the internet.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is a blockchain network that allows its participants to build their very own decentralized applications (also known as dApps). By doing so, people are able to connect directly with one another, removing the need of a middleman, and paving the way towards a truly decentralized internet.<\/p>\n","protected":false},"featured_media":0,"template":"","glossary_letter":[304],"glossary_term":[276,284],"class_list":["post-4285","glossary","type-glossary","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum - Paybis<\/title>\n<meta name=\"description\" content=\"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum - Paybis\" \/>\n<meta property=\"og:description\" content=\"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"Paybis Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Paybis\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-17T12:19:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@paybis_com\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/\",\"url\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/\",\"name\":\"Ethereum - Paybis\",\"isPartOf\":{\"@id\":\"https:\/\/paybis.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png\",\"datePublished\":\"2020-10-29T11:23:25+00:00\",\"dateModified\":\"2024-04-17T12:19:52+00:00\",\"description\":\"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.\",\"breadcrumb\":{\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage\",\"url\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png\",\"contentUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png\",\"width\":2224,\"height\":1237,\"caption\":\"what is ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/paybis.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/paybis.com\/blog\/#website\",\"url\":\"https:\/\/paybis.com\/blog\/\",\"name\":\"Paybis Blog\",\"description\":\"A Tribute to Blockchain Tech and Cryptocurrency Adoption\",\"publisher\":{\"@id\":\"https:\/\/paybis.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/paybis.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/paybis.com\/blog\/#organization\",\"name\":\"Paybis Blog\",\"url\":\"https:\/\/paybis.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png\",\"contentUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png\",\"width\":268,\"height\":72,\"caption\":\"Paybis Blog\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Paybis\/\",\"https:\/\/x.com\/paybis_com\",\"https:\/\/www.instagram.com\/paybis\/\",\"https:\/\/www.linkedin.com\/company\/paybis-com\",\"https:\/\/www.youtube.com\/c\/Paybis\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ethereum - Paybis","description":"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum - Paybis","og_description":"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.","og_url":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/","og_site_name":"Paybis Blog","article_publisher":"https:\/\/www.facebook.com\/Paybis\/","article_modified_time":"2024-04-17T12:19:52+00:00","og_image":[{"url":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@paybis_com","twitter_misc":{"Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/","url":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/","name":"Ethereum - Paybis","isPartOf":{"@id":"https:\/\/paybis.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage"},"image":{"@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage"},"thumbnailUrl":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png","datePublished":"2020-10-29T11:23:25+00:00","dateModified":"2024-04-17T12:19:52+00:00","description":"Are you looking to understand what is Ethereum and what its application are? Then read our post to find out.","breadcrumb":{"@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#primaryimage","url":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png","contentUrl":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2020\/10\/ethereum-price-action.png","width":2224,"height":1237,"caption":"what is ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-ethereum\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/paybis.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Glossary"}]},{"@type":"WebSite","@id":"https:\/\/paybis.com\/blog\/#website","url":"https:\/\/paybis.com\/blog\/","name":"Paybis Blog","description":"A Tribute to Blockchain Tech and Cryptocurrency Adoption","publisher":{"@id":"https:\/\/paybis.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/paybis.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/paybis.com\/blog\/#organization","name":"Paybis Blog","url":"https:\/\/paybis.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png","contentUrl":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png","width":268,"height":72,"caption":"Paybis Blog"},"image":{"@id":"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Paybis\/","https:\/\/x.com\/paybis_com","https:\/\/www.instagram.com\/paybis\/","https:\/\/www.linkedin.com\/company\/paybis-com","https:\/\/www.youtube.com\/c\/Paybis"]}]}},"_links":{"self":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary\/4285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/media?parent=4285"}],"wp:term":[{"taxonomy":"glossary_letter","embeddable":true,"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary_letter?post=4285"},{"taxonomy":"glossary_term","embeddable":true,"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary_term?post=4285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}