What is Ethereum (ETH) - How to Accept and Donate to Charity - The Giving Block

What is Ethereum (ETH)?

Discover the key facts about Ethereum (ETH).

About Ethereum

Ethereum is a community-built technology that provides access to digital money and data-friendly services. Ethereum is widely considered the second cryptocurrency, after Bitcoin. Still, the two have some big differences. Ethereum is programmable, so it can be used for lots of different cryptocurrencies, even Bitcoin. It is also a marketplace of services, games and apps. Ethereum has paved the way for the Decentralized Finance (DeFi) system, Non-Fungible Tokens (NFTs), and Decentralized Autonomous Organizations (DAOs). Ethereum’s native cryptocurrency is ether (ETH).

Learn more about Ethereum

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What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more

What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more

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Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more

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