$ETH

ETH is the lifeblood of Ethereum. When you send ETH or use an Ethereum application, you'll pay a fee in ETH to use the Ethereum network. This fee is an incentive for a block producer to process and verify what you're trying to do.

Validators are like the record-keepers of Ethereum—they check and prove that no one is cheating. They are randomly selected to propose a block of transactions. Validators who do this work are also rewarded with small amounts of newly-issued ETH.