Sentient Labs

Ethereum is a blockchain technology used for building apps and organizations, holding assets, transacting, and communicating without going through a central authority or middle man. Users keep control of all their own data, and choose what to share. Ethereum has its own cryptocurrency, known as ether (ETH), which is used to pay for certain activities on the Ethereum network.

Ethereum’s Cryptocurrency, ether (ETH)

Ether, Ethereum’s cryptocurrency, is often what people think of when they talk about buying ETH. If someone asks, “what is the price of Ethereum?”, what they are really asking is, ‘what is the price of ether?’. While the naming can be a little confusing at first, it is worth knowing the difference between the technology stack which is Ethereum and the cryptocurrency that is ether. Every action on the Ethereum network requires a bit of computational power. The fee to compensate for that power is paid for in ether. This means that you always need some ETH available to use the network.

Newsletter Sign Up

Subscribe to our email newsletter to receive updates on projects, breaking news, new blog notices, happenings around Sentient Labs, and more. You may unsubscribe at any time.

Learn Terms

Staking

Whether we are talking about an NFT or a cryptocurrency, the staking process works similarly. The term staking refers to locking up non-fungible tokens or

Non-Fungible

Non-fungible assets are unique, irreplaceable, and non-interchangeable. Being non-Fungible means that individual items can not be mutually substituted without a change in value. Artworks, concert

Learn Security

What is Message Signing?

with editing by taxil What is signing? Signing is a cryptographic operation involving a message and your private key. You use your private key to

Hardware Wallet Setup Recommendations

Hackers are constantly looking for new ways to compromise your security and gain access to your crypto currencies and NFTs. Protecting your tokens can seem

Further Reading

Dimension X Featured Image

Dimension X Public Sale Launches on Gaia

The Dimension X public sale launched today on the Gaia marketplace. Dimension X is a Free-to-Play, Play-to-Earn strategic role playing game on the Flow blockchain

Polygon

What is Polygon?

Polygon is a decentralized “layer two” or “sidechain” Ethereum scaling solution that enables developers to build scalable user-friendly dApps. The blockchain prides itself on having