ELI5

Stands for “Explain Like I’m 5”, an explanation so simple that even a five-year-old can understand it.

Emission

Emission, also known as Emission Curve, Emission Rate, and Emission Schedule, is the speed at which new coins are created and released.

Enterprise Ethereum Alliance (EEA)

A group of Ethereum developers, startups, and large corporations working together to commercialize and use Ethereum for business applications.

ERC-20

A token standard for Ethereum, used for smart contracts implementing tokens. It is a common list of rules defining interactions between tokens, including transfer between addresses and data access.

ERC-721

A token standard for non-fungible Ethereum tokens. An Ethereum Improvement Proposal introduced in 2017, it enables smart contracts to operate as tradeable tokens similar to ERC-20 tokens.

Escrow

An escrow is a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions, agreed to by the transacting parties. This is possible to be automated using smart contracts on the blockchain.

Ether

The form of payment used in the operation of the distribution application platform, Ethereum, in order to incentivize machines into executing the requested operations.

Ethereum Improvement Proposal (EIP)

Ethereum Improvement Proposals EIP, Means describes standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards.

Ethereum Virtual Machine (EVM)

A Turing-complete virtual machine that enables execution of code exactly as intended; it is the runtime environment for every smart contract. Every Ethereum node runs on the EVM to maintain consensus across the blockchain.

Exchange

Cryptocurrency exchanges (sometimes called digital currency exchanges) are businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies.

Exchange Traded Fund (ETF)

A security that tracks a basket of assets such as stocks, bonds, and cryptocurrencies but can be traded like a single stock.