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Ether (ETH) is the native cryptocurrency for Ethereum, a blockchain platform designed for executing smart contracts

What is a decentralised oracle network (DON)?

A decentralised oracle network (DON) is a group of independent third-party services that actively seeks out real-world data such as weather updates or financial information and feeds it back to the blockchain, providing a bridge between the decentralised and centralised worlds.

1 minute read

What is an ERC-20 token?

ERC-20 tokens run on top of the Ethereum blockchain alongside its native currency – ‘Ether’ and can act similarly as either a currency or a representation of other tokens of value such as shares of a company, loyalty points or more.

1 minute read

What is the Consensus Layer?

Much like an upgrade to your operating system on your smartphone or laptop, Ethereum’s Consensus Layer is a series of upcoming upgrades to Ethereum’s blockchain that aims to improve its speed and capacity for transactions, reduce their cost and increase overall security.

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What is a beacon chain?

The Beacon Chain is one of the key upgrades at the heart of the new Consensus Layer and is responsible for managing the new proof of stake blockchain protocol.

1 minute read

What is sharding?

Created as part of the upcoming changes in the Consensus Layer, sharding was proposed by Ethereum developers to split the infrastructure of the Ethereum blockchain into smaller pieces to support more users, improve efficiency and speed up the verification process.

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What is Ethereum? A beginner’s guide

You can now buy and sell Ethereum with Luno.  Recently we’ve seen a renewed interest in Ethereum from our customers. Like Bitcoin, Ethereum (or ETH, the underlying currency) has soared to an all-new record high over the past few weeks as…

3 minute read