ETH typically refers to Ethereum, a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. Ethereum allows developers to build decentralized applications (dApps) and execute complex contracts without the need for intermediaries.
Ethereum is also known for enabling the creation of NFTs (non-fungible tokens) and supporting DeFi (decentralized finance) projects. It uses a proof-of-stake consensus mechanism as of the Ethereum 2.0 upgrade.
