$ETH

Alright!

$ETH is simply the symbol for Ethereum — the cryptocurrency and fuel of the Ethereum blockchain.

Here’s a super quick breakdown:

Name: Ethereum

Symbol: $ETH

Type: Cryptocurrency

Launched: 2015

Founder: Vitalik Buterin

Purpose:

Send/receive digital money

Power smart contracts

Run decentralized apps (DApps)

Pay for transactions ("gas fees")