$ETH

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What is $ETH?

$ETH refers to the cryptocurrency Ethereum, which is the second largest cryptocurrency in the world after Bitcoin in terms of market capitalization. The symbol "$" before ETH is usually used to indicate the price or financial value of Ethereum in the markets, such as "$ETH = 3000$" meaning that the value of one Ethereum is equal to 3000 US dollars.

Ethereum was launched in 2015 by the Russian-Canadian programmer Vitalik Buterin, and it is not just a cryptocurrency, but a decentralized platform that allows developers to build smart contracts that run on the blockchain network. This is what makes Ethereum different from Bitcoin, as the latter focuses solely on financial transactions.

It is used to pay transaction fees on the Ethereum network, and is a key tool in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). As the Ethereum ecosystem evolves, the currency plays a major role in the future of the decentralized internet.

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