#MarketNewHype

Ether (ETH) is the native cryptocurrency of Ethereum, a decentralized blockchain platform that allows users to create and run applications without a central authority:

What is Ethereum?

Ethereum is a global, open-source platform that allows users to create, run, and use applications without a middleman. It's often called the world's computer.

What is Ether?

Ether is the cryptocurrency used to pay the network to execute smart contracts, which are contracts that automatically execute when certain conditions are met.

How does it work?

Users send and receive transactions from Ethereum accounts, and must sign transactions and spend Ether to process them.

How is it secured?

Ethereum is secured through a consensus mechanism, where validators create new blocks and attest to their validity. Dishonest validators are punished by having their Ether burned and removed from the network.

How is it valued?

Ethereum's value is set by markets like any other asset.

How was it launched?

Ethereum launched its native token, Ether, in August 2014 through an initial coin offering (ICO).

How big is it?

Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin.