#TradersLeagueWOTD $ETH • Ethereum (the platform): A decentralized blockchain with smart contract functionality. It's a platform where developers can build and deploy various applications.
• Ether (ETH, the cryptocurrency): The native cryptocurrency of the Ethereum platform. It's used to pay for transaction fees (known as "gas") on the network and as a reward for validators (who verify transactions and add blocks to the blockchain in the current Proof-of-Stake system).
How to Trade ETH:
You have a few primary ways to trade ETH:
• Buying and Selling on Cryptocurrency Exchanges:
• This is the most common method. You create an account on an exchange, deposit funds (fiat currency like USD, or other cryptocurrencies), and then buy or sell ETH directly.