Erigon (Ethereum client)
Erigon is an advanced Ethereum client designed for efficient blockchain data storage and retrieval, offering a significant reduction in disk space requirements compared to other Ethereum clients. Originally known as Turbo-Geth, Erigon has been rebranded and optimized to support the Ethereum network by providing faster synchronization times and lower resource consumption. Technical Advancements and Features...
Erik Voorhees
Erik Voorhees is an American entrepreneur known for his significant contributions to the cryptocurrency industry, particularly in Bitcoin and blockchain technology. He is the CEO of ShapeShift, a company that offers global trading of a variety of digital assets via web and mobile platforms. Early Contributions and ShapeShift Erik Voorhees has been a prominent figure...
Escape Hatch
An "Escape Hatch" is a term used to describe a safety mechanism or contingency plan designed to protect investors or users in the event of a failure or crisis. In the context of the financial and tech industry, it often refers to a feature in smart contracts that allows for the recovery of funds or...
Escrow
A financial arrangement where a third party holds and manages assets or funds on behalf of two parties in a transaction until predetermined conditions are met. Escrow services are commonly used in blockchain-based smart contracts to ensure trust and fairness in peer-to-peer transactions.
ETH Staking
ETH staking is the practice of participating in the validation of transactions on the Ethereum 2.0 network for rewards in Ether or ETH. The concept of ETH Staking has become increasingly important and popular with the launch of Ethereum 2.0, otherwise known as 'Serenity'. It serves as a beacon to the future of Ethereum, with...
Eth1 / Eth2
The terms "Eth1" and "Eth2" refer to two distinct phases in the development of the Ethereum blockchain. Eth1 denotes the original Ethereum blockchain that operates using a proof-of-work (PoW) consensus mechanism, while Eth2 signifies the new Ethereum blockchain architecture that transitions to a proof-of-stake (PoS) system. This evolution aims to enhance scalability, security, and sustainability...
Ether (ETH)
The native cryptocurrency of the Ethereum blockchain. Ether is used to pay for transaction fees and computational services on the network. It can also serve as a digital asset for investments and is an integral part of the Ethereum ecosystem, powering smart contracts and DApps.
Ethereum
A decentralized blockchain platform and cryptocurrency that enables the creation and execution of smart contracts and decentralized applications (DApps). Ethereum introduced the concept of a programmable blockchain, allowing developers to build a wide range of applications on its platform. It uses its native cryptocurrency called Ether (ETH).
Ethereum Gas
A unit of measurement for computational work required to execute operations on the Ethereum network. Gas is used to determine the transaction fees required for smart contract execution and transaction processing. Users pay gas fees to incentivize miners to include their transactions in the blockchain.
Ethereum Mainnet
Ethereum Mainnet is the primary and original blockchain of Ethereum where all live transactions occur. As the most rigorously tested and secure version of Ethereum's technology, it serves a critical role in the blockchain ecosystem. In recent years, Ethereum Mainnet has garnered a lot of attention due to some fascinating developments, primarily involving DeFi or...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
