Ethereum is a programmable blockchain. Its smart contracts can support applications that execute according to published code, although users still need to understand the risks of the application and its dependencies.
What ETH does
ETH is Ethereum’s native asset. It is used for transaction fees and to participate in the network’s proof-of-stake security. Application tokens are separate assets with their own design and risks.
Understanding layers
Layer 2 systems aim to handle activity outside the main execution environment while using Ethereum in different ways for settlement or security. Their assumptions and withdrawal processes vary.
Before connecting a wallet
Read the application’s documentation, verify the domain, and understand the permissions you are approving. A smart contract audit is useful evidence but does not eliminate risk.
For educational purposes. Views should be assessed against their evidence and publication date.
