$ETH

$ETH

ETH is the native cryptocurrency of the Ethereum network and plays a fundamental role in the overall functioning of the platform. Unlike currencies like Bitcoin, which were created primarily to serve as a store of value or an alternative means of payment, ETH has a more versatile and technical function within the Ethereum ecosystem. It is used to pay for operations performed on the network, such as transaction fees (known as gas), and also to execute smart contracts. This means that each interaction with the Ethereum network requires a small amount of ETH, making it essential for the usability of the system.

Additionally, ETH also functions as an investment asset. With the migration to Proof of Stake, ETH holders can participate in block validation through the process known as staking, in which they deposit a minimum amount of 32 ETH to act as validators and, in return, receive rewards for maintaining the security of the network. This model strengthens decentralization and creates an additional economic incentive to keep ETH in circulation.