Ethereum coins typically refer to two main types of cryptocurrency related to the Ethereum blockchain:
1. Ether (ETH)
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain.
It's used to pay for transactions, smart contracts, and decentralized applications (dApps) on the Ethereum network.
ETH is also used as "gas" fees, which are required to process and validate transactions on the network.
2. Tokens Built on Ethereum (ERC-20 and ERC-721)
Ethereum allows developers to create custom tokens using smart contracts.
Common types:
ERC-20 tokens – Fungible tokens like USDT, LINK, SHIBA, etc.
ERC-721 tokens – Non-fungible tokens (NFTs) used for unique assets like digital art or collectibles.
These are not ETH, but they rely on the Ethereum network to operate.
So, when people say "Ethereum coins", they usually mean Ether (ETH), but it can also refer to Ethereum-based tokens depending on the context.
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