Layer 1 blockchain

Ethereum

Proof-of-stake smart contract blockchain with ETH as its native currency.

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Facts checked Sep 26, 2026

Ethereum key facts

CategoryLayer 1 blockchain
PlatformsMainnet, RPC
LaunchedJuly 30, 2015 (Frontier)
TokenETH
Open sourceYes (go-ethereum, LGPL-3.0 and GPL-3.0)
CompanyEthereum Foundation (non-profit; does not control Ethereum)
About

What is Ethereum?

Ethereum is a proof-of-stake smart contract blockchain. Its Frontier release went live on July 30, 2015, and The Merge on September 15, 2022 moved it from proof-of-work to proof-of-stake. Time is split into 12-second slots, and validators deposit 32 ETH to take part.

Layer 1 blockchainMainnetRPC

Ethereum pros and cons

Pros
  • Fixed 12-second slots under proof-of-stake
  • Open-source clients, including Go Ethereum (geth)
  • Proof-of-stake since The Merge on September 15, 2022
Cons
  • Running a solo validator requires a 32 ETH deposit
  • Validators run three pieces of software: execution, consensus and validator clients
  • Staked ETH can be destroyed (slashed) for rule violations

Ethereum FAQ

What is Ethereum?

Ethereum is a proof-of-stake smart contract blockchain. Its Frontier release went live on July 30, 2015, and The Merge on September 15, 2022 moved it from proof-of-work to proof-of-stake. Time is split into 12-second slots, and validators deposit 32 ETH to take part.

Sources

  1. Ethereum: official site
  2. Ethereum: History of Ethereum
  3. Ethereum: Proof-of-stake docs
  4. Ethereum: go-ethereum GitHub repository
  5. Ethereum: Ethereum Foundation

How this page works

Sources: Ethereum: official site, Ethereum: History of Ethereum, Ethereum: Proof-of-stake docs. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.