ETH (Ethereum) is the native cryptocurrency of the Ethereum blockchain. It is used for various purposes within the Ethereum ecosystem, including:
- Transaction Fees: ETH is required to pay gas fees, which are used to process transactions and execute smart contracts on the Ethereum network.
- Store of Value: ETH, like Bitcoin, is often used as a store of value or an investment asset.
- Participating in dApps: ETH is essential for interacting with decentralized applications (dApps) that run on the Ethereum network.