ETH stands for Ethereum, a decentralized blockchain platform that enables the development of decentralized applications (dApps) and smart contracts. Ether (ETH) is also the cryptocurrency used within the Ethereum network.
Elaboration:
Ethereum:
A decentralized blockchain platform that enables the development of decentralized applications (dApps) and smart contracts.
Ether (ETH):
The cryptocurrency used within the Ethereum network to pay transaction fees and run applications.
Smart Contracts:
Programs that run automatically and can operate on the Ethereum network without the intervention of a third party.
Decentralized Applications (dApps):
Applications that run on the Ethereum network and are not controlled by a single entity, such as a bank or government.
In other words, Ethereum is a platform that provides the infrastructure to build decentralized applications and services, while Ether is the currency used on that platform
