PROTOCOLS & PLATFORMS
Ethereum
Definition
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It's the primary blockchain for DeFi applications due to its programmability and established ecosystem.
Example
Example
Most DeFi protocols like Uniswap, Aave, and Compound are built on Ethereum's blockchain.
Risks to Consider
Risks
- High gas fees
- Network congestion
- Scalability limitations
Common Questions
Why is Ethereum so important for DeFi?
Ethereum is the most widely adopted smart contract platform, as well as a maximally decentralized network with a unique history (PoW=>PoS transition).
