#yeldarena $ETH $ETH Exploring ETH: The Power Behind Ethereum

ETH (Ether) is the native cryptocurrency of the Ethereum network, one of the most influential blockchain platforms in the world. Launched in 2015 by Vitalik Buterin and his team, Ethereum introduced the concept of smart contracts—self-executing contracts with the terms of the agreement directly written into code. This innovation enabled the development of decentralized applications (dApps) and decentralized finance (DeFi) platforms, changing the landscape of blockchain technology.

ETH serves as both a digital currency and a utility token within the Ethereum ecosystem. It’s used to pay for transaction fees (known as "gas fees") and computational services on the Ethereum network. This ensures that users who interact with dApps, deploy smart contracts, or participate in decentralized governance are incentivized to contribute resources to the system.