#ETHCrossed2500 Ether (ETH) is the native cryptocurrency of the Ethereum platform. It serves as both a medium of exchange and a utility token within the Ethereum ecosystem.

Primarily, Ether is used to pay for transaction fees—known as gas fees—which are required to execute smart contracts and interact with decentralised applications (dapps).

Gas fees, paid in Ether, compensate network validators for processing transactions and help prevent the overuse of network resources.

This fee structure is a fundamental part of Ethereum’s design, ensuring that computational tasks are prioritised and that the system remains secure and efficient.