What is Ether (ETH)

Ether (ETH) is a cryptocurrency and the native token of the Ethereum blockchain. Ethereum is an open-source, decentralized platform that enables the creation and deployment of smart contracts and decentralized applications (dapps). ETH is used as a form of payment for transaction fees and computational services on the network. It is also used as a unit of account for exchanging other cryptocurrencies and for participating in decentralized finance (DeFi) applications.

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