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.
Related Terms
Uniswap
Uniswap is a decentralized exchange (DEX) on Ethereum and compatible blockchains, enabling peer-to-peer trading of digital assets through automated market maker (AMM) liquidity pools.
Hyperliquid
A high-performance Layer-1 blockchain and decentralized exchange (DEX) optimized for perpetual futures trading of digital assets with on-chain order books.
Dual-Offline Payment
A feature allowing transactions without internet for both parties, using NFC or similar tech.
Consensus Layer
The protocol layer responsible for achieving agreement among nodes on the state of a blockchain network.
Rug Pull
A scam in the digital asset space where developers or promoters of a project abandon it after raising funds, leaving investors with worthless tokens or assets.
Concentrated Liquidity
A DeFi mechanism allowing liquidity providers to allocate capital within specific price ranges for higher efficiency.