$ETH

ETH, or Ether, is the native cryptocurrency of the Ethereum blockchain, which is one of the most prominent and widely used blockchain platforms in the world. Here's a quick breakdown:

What is Ethereum?

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was proposed by Vitalik Buterin in 2013 and went live in 2015. Ethereum extends the functionality of blockchain beyond simple transactions, allowing developers to build programmable applications.

What is Ether (ETH)?

Ticker Symbol: ETH

Purpose: Ether is used primarily as:

1. Fuel for transactions: Users pay gas fees in ETH to process transactions or execute smart contracts on the Ethereum network.

2. Store of value: Many people hold ETH as an investment.

3. Collateral and utility: ETH is widely used in Decentralized Finance (DeFi) protocols, staking, and Non-Fungible Tokens (NFT) ecosystems.