EthereumBeginner

Ether

Ethereum’s native cryptocurrency, usually written as ETH, used for transaction fees and staking.

PLAIN-ENGLISH DEFINITION

In more detail

People often say they're buying Ethereum when they mean buying ether. ETH is the asset; Ethereum is the network. ETH pays for transactions on Ethereum and can be committed to validator staking. Tokens created by smart contracts are separate assets, even when they live on the same chain.

IN THE WILD

How you might use it

Your wallet has a token balance but no ETH, so you still need ether to pay for its transfer on Ethereum.

WORD NOTES
Short name
ETH
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By Crypto Dictionary · Published · Updated

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