$ETH are the initials of Ethereum, an open-source blockchain platform that allows the creation of decentralized applications (dApps) and the execution of smart contracts.

What is Ethereum?

Ethereum is much more than a cryptocurrency. It is a platform that uses blockchain technology to provide a secure and transparent environment for the development of applications and the execution of smart contracts.

What is Ether (ETH)?

Ether is the native cryptocurrency of the Ethereum network. It is used to pay transaction fees and to power applications and smart contracts on the network.

How does Ethereum work?

Ethereum works through a decentralized network of nodes that verify and record transactions on the blockchain. Smart contracts are executed automatically when predefined conditions are met, ensuring transparency and security.

What is Ethereum used for?

Ethereum is used for a wide variety of applications, including:

* Decentralized Finance (DeFi): Loans, exchanges, and other financial services without intermediaries.

* Non-fungible Tokens (NFT): Unique digital representation of assets, such as artworks or collectibles. $BTC