Ethereum 101

Ethereum is the second largest cryptocurrency behind Bitcoin. Learn the basics through this comprehensive beginner-friendly Ethereum course.
0/5 Rating
4 Lessons
Beginner
20 mins
Written by: Harry Atkins
December 19, 2019
Updated: January 12, 2021

What you'll learn

  • Who created Ethereum and why
  • The relationship between Ethereum and blockchain technology
  • What the 'ether' cryptocurrency is

Key course lessons

  • What Ethereum is
  • How Ethereum works
  • How to buy Ethereum

What is Ethereum?

Before investing in Ethereum, it’s important to understand it. That’s why we’ve made this plain-talking guide and created a list of where to go in order to help you buy Ethereum responsibly. This guide lays out the basics: what ether is and the multiple ways it can be used.

Make better choices with Ethereum.

Course overview

1. What is Ethereum

What is Ethereum?

1a – What is ‘ether’? Ether is the cryptocurrency supported by the Ethereum blockchain. The term ‘Ethereum’ is commonly misused to refer to both the cryptocurrency and the blockchain. This is not the case: ‘ether’ is the digital currency that is used and transacted on the ‘Ethereum’ blockchain. The Ethereum…
Beginner 4 min read Cryptocurrency Courses

2. How ethereum works

How does Ethereum work?

2a – How is ether transferred? Imagine sending someone (e.g. your friend Gemma) an email that reads ‘1 ether’. You would: Log into your email accountEnter Gemma’s email addressType ‘1 ether’ into the body of the emailHit sendGemma would receive a message reading ‘1 ether’ An ether transfer works in…
Beginner 9 min read Cryptocurrency Courses

3. How to buy and store ether

How to buy and store Ethereum

3a – How do I buy ether? If you are looking to buy ether using the money in your bank account, the best and easiest option is to use a brokerage. An ether brokerage is essentially an online bureau de change for ether. Brokerage platforms sell ether at a fixed…
Beginner 4 min read Cryptocurrency Courses

4. Ways ethereum can be used

How to use and spend Ethereum

4a – What is ether used for? Ether has two main usage purposes: to use as ‘gas’ to fuel smart contracts, and for ordinary everyday use like a ‘regular’ currency. ‘Gas’ is simply a unit of ether that is necessary for the successful operation of a smart contract on the…
Beginner 3 min read Cryptocurrency Courses

Related courses

What is Bitcoin? Before getting involved in bitcoin it is important to understand it. This guide lays out the basics: what Bitcoin is and the different ways it can be used. Ultimately, we’re all here to learn, so don’t be afraid – get stuck in and we’ll help you. With…
What is Tron? Before investing in tron, it’s important to understand it. That’s why we’ve created this plain-speaking guide to inform you on whether tron is a sound investment choice. This guide lays out the basics: What Tron is and the various ways you can use it. Make better…