What is ETH (Ethereum) ?

ETH is a cryptocurrency. It’s a scarce digital currency that you can use on the internet – like Bitcoin. ETH lets you be your own bank. You can control your own funds with your wallet as proof of ownership – no third party required. If you are new to crypto,

Read About BTC

Here’s how ETH differs from conventional money.

Secured by cryptography

Internet world money may be new but it is protected by proven cryptography. It secures your wallet, your ETH and your transactions.

Peer-to-Peer Payments

You can send your Ethereum without any intermediary services like banks. It’s like transferring cash in person, but you can do it securely with anyone, anywhere, anytime.

There is no centralized control

It is decentralized and global. No company and bank can decide to print more ETH or change the terms of use.

Open to anyone

All you need is an internet connection and a wallet to receive it. No bank account needed to accept payments.

Sufficiently available

It is divisible up to 18 decimal places so you don’t need to buy 1 whole Ethereum. You can buy fractions at a time – as little as 0.000000000000000001 it if you want.

ETH powers and secures Ethereum

It is the lifeblood of Ethereum. When you send it or use an Ethereum application, you pay a fee in ETH for using the Ethereum network. This fee is an incentive for a block producer to process and verify what you are trying to do.

Verifiers are like Ethereum’s record-keepers—they check to make sure no one is cheating. They are arbitrarily chosen to propose a block of transactions. Those validators who do this are also rewarded with a small amount of newly-minted ETH. When you stake your Ethereum then it’s help to secure Ethereum and you earn rewards for it.

ETH is the foundation of the Ethereum financial system

Not content with payments, the Ethereum community is building a complete financial system that is peer-to-peer and accessible to everyone.

You can use it as pledge to generate completely different cryptocurrency tokens on Ethereum. You can also borrow, lend and earn interest in it and other ETH-backed tokens.

The usage of ETH increases every day
Because Ethereum is programmable, developers can shape it in numerous ways. In 2015, you only can do was send it from one Ethereum account to another.

Here are some of the things you can do today.

It’s Stream(opens in a new tab) – Pay someone or receive funds in real time.

Swap Tokens – You can trade it with other tokens including Bitcoin.

Earn dividends(opens in a new tab) – in ETH and other Ethereum-based tokens.

Buy Stablecoins – Enter the world of cryptocurrencies with a stable, low-fluctuation value.