Ether (ETH)
The native cryptocurrency of the Ethereum blockchain, used to power smart contracts and pay for transactions.
The native cryptocurrency of the Ethereum blockchain, used to power smart contracts and pay for transactions.
Ether (ETH) is the native cryptocurrency of the Ethereum platform, which is a blockchain-based platform for decentralized applications (dapps). Ether is primarily used to incentivize miners who secure the network and validate transactions, and to pay for fees associated with executing smart contracts and conducting transactions on the network. Unlike Bitcoin, which is primarily used as digital money, Ether is often used within the Ethereum ecosystem to power dapps and other functions of the platform. It is also often used as a "gas" to power transactions and smart contract interactions.
For example, if a user wants to interact with a decentralized exchange (DEX) built on Ethereum, they would need to pay a fee in Ether to make a trade.
