Ether (ETH)
Ether(ETH) is the native digital asset of the Ethereum blockchain, used to pay for transaction fees and computational services.
What is Ether (ETH)?
Ether (ETH) is the native coin of the Ethereum network, serving as both a cryptocurrency and a utility token. It is used to compensate validators for processing transactions and executing smart contracts on the Ethereum blockchain.
Users pay transaction fees, known as “gas,” in ETH to interact with dApps or transfer assets.
Ether’s supply is not capped, and its issuance is governed by Ethereum’s proof-of-stake consensus mechanism, with additional dynamics introduced by EIP-1559, which burns a portion of transaction fees to manage inflation.
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