Ethereum

Deploy on Ethereum, the most established blockchain for smart contracts and DeFi. Compare Ethereum's Proof of Stake consensus, network costs, and enterprise readiness with SettleMint.

Ethereum is the world's leading programmable blockchain, pioneering smart contracts and serving as the foundation for most DeFi and Web3 applications. With over $60 billion in Total Value Locked (TVL) and the largest developer ecosystem, Ethereum remains the gold standard for enterprise blockchain deployment.

Which organizations should choose Ethereum?

DeFi & Financial Services

Banks, trading firms, and financial institutions building decentralized finance applications with maximum liquidity and composability.

Enterprise DAOs

Large organizations implementing decentralized governance, treasury management, and stakeholder voting systems.

NFT & Digital Assets

Creators, marketplaces, and brands launching non-fungible tokens with global reach and established infrastructure.

Web3 Applications

Developers building consumer-facing dApps that require the highest level of decentralization and network effects.

Best for: Established enterprises requiring maximum security, liquidity, and ecosystem maturity. Ideal when network effects and composability with existing DeFi protocols are critical.

What are Ethereum's key performance metrics?

Transaction Speed: 12-15 transactions per second (TPS)
Block Time: ~12 seconds
Finality: 12.8 minutes (2 epochs)
Uptime: 99.99% since launch (2015)

Average Gas Price: 15-50 gwei (varies by demand)
Transaction Cost: $1-50 depending on complexity
Market Cap: $300+ billion (ETH)
Daily Volume: $10+ billion

Validators: 900,000+ active validators
Staked ETH: 30+ million ETH ($60+ billion)
Network Hashrate: Most secure blockchain globally
Consensus: Proof of Stake (PoS)

Which Ethereum networks does SettleMint support?

SettleMint provides access to both Ethereum Mainnet and testing environments including Sepolia Testnet and Holesky Testnet.

Ethereum Mainnet

Production network where real-value transactions occur. Each transaction requires ETH for gas fees. Best for live applications and production deployments.

Sepolia Testnet

Primary testing environment with free test ETH. Ideal for development, testing smart contracts, and integration testing before mainnet deployment.

Holesky Testnet

Long-term testnet designed for validator testing and large-scale experiments. Perfect for testing staking mechanisms and validator operations.

Development Strategy: Start with Sepolia for rapid prototyping, use Holesky for validator testing, then deploy to Mainnet for production. This three-tier approach minimizes risk and maximizes testing coverage.

How do you connect to Ethereum on SettleMint?

Choose Your Network

Select between Ethereum Mainnet for production or Sepolia/Holesky testnets for development. SettleMint provides optimized RPC endpoints for all networks.

Configure Your Client

SettleMint uses Geth, the official Ethereum client written in Go. As the reference implementation with the largest user base, Geth ensures maximum compatibility and reliability.

Deploy Smart Contracts

Use Solidity to write smart contracts and deploy them using SettleMint's integrated development environment with built-in testing and deployment tools.

Monitor and Scale

Leverage SettleMint's monitoring dashboard to track transaction performance, gas usage, and network health for optimal application performance.

Technical Details: Geth is the most widely adopted Ethereum client, powering over 60% of Ethereum nodes globally. Its extensive tooling ecosystem and active development make it the ideal choice for enterprise deployments.

More information on Geth can be found on the official Geth website.

Why is Ethereum's Proof of Stake consensus ideal for enterprise?

Ethereum transitioned to Proof of Stake (PoS) in September 2022, delivering significant advantages for enterprise applications:

Energy Efficiency

99.9% reduction in energy consumption compared to Proof of Work, supporting ESG compliance and sustainability goals.

Economic Security

Over $60 billion in staked ETH securing the network, creating the highest economic security threshold in blockchain history.

Fast Finality

Transactions achieve probabilistic finality in 12.8 minutes, providing certainty for financial applications and enterprise workflows.

Predictable Performance

Consistent 12-second block times enable reliable application performance and user experience optimization.

How does PoS validation work?

Validator Selection: Validators are chosen through a randomized algorithm weighted by their staked ETH amount
Block Proposal: Selected validators propose new blocks containing validated transactions
Attestation: Other validators attest to the validity of proposed blocks
Finalization: Blocks become finalized after receiving sufficient attestations
Rewards & Penalties: Validators earn rewards for honest behavior or face slashing penalties for malicious actions

Enterprise Impact: PoS enables enterprises to participate in network security through staking, potentially generating yield on ETH holdings while supporting network infrastructure.

More information on the consensus mechanism can be found on the official Ethereum website.