$ETH

ETH refers to Ether, the native cryptocurrency of the Ethereum blockchain. Ethereum is an open-source platform that allows developers to build and deploy decentralized applications (dApps) and smart contracts.1 It's the second-largest cryptocurrency by market capitalization, after Bitcoin.

Here's a breakdown of what ETH is and some information regarding its price:

What is Ethereum (ETH)?

Platform for Smart Contracts and dApps: Ethereum is designed to be a programmable blockchain. This means developers can use it to create self-executing agreements (smart contracts) and various decentralized applications that run without central authority. Ether (ETH) as "Fuel": Ether is the cryptocurrency that powers the Ethereum network. It's used to pay for transaction fees (often called "gas") and to incentivize validators who secure the network. Proof-of-Stake (PoS): Ethereum transitioned from a "Proof-of-Work" (mining) to a "Proof-of-Stake" consensus mechanism with "The Merge" in 2022. Now, Ether is generated as a reward for validators who "stake" their ETH to help secure the blockchain. Uses: Beyond transactions, ETH can be used as a store of value, for trading, for paying for goods and services at businesses that accept it, and as collateral in DeFi (Decentralized Finance) lending markets. It's also a popular blockchain for NFTs (Non-Fungible Tokens).

Current Price (as of June 11, 2025):

1 Ether (ETH) is approximately 21,090.84 GTQ (Guatemalan Quetzal). Note: Cryptocurrency prices are highly volatile and change frequently. This is an approximate value at the time of this response.