$ETH

What is ETH (Ethereum)? – Explained Simply

Imagine the internet could run apps that nobody owns, but everyone can trust. That’s what Ethereum helps do.

And ETH (Ether) is the fuel that makes it all work.

Here's the simple breakdown:

Ethereum is like a huge computer in the cloud that anyone can use. But instead of being run by one company, it’s run by thousands of people all over the world.

ETH is the money used on this computer. You need ETH to pay when you want to use apps on Ethereum or send money to someone.

Why do people like ETH?

Send money fast: Like Bitcoin, you can send ETH to anyone in the world.

Smart contracts: You can create apps that work automatically (no middleman needed).

DeFi, NFTs & More: Ethereum is the base for tons of cool things like NFTs, games, and apps that let you borrow, save, or trade money—without banks.

Real-life example:

Think of Ethereum like a smartphone. ETH is the battery that powers it. The apps? They're things like games, finance tools, or art galleries (NFTs).