Ethereum (ETH)

Ethereum is a decentralized blockchain platform that creates a peer-to-peer network for safely executing and validating smart contract application code. Participants can do business with one another using smart contracts without the need for a reliable central authority. Participants have complete ownership and visibility over transaction data since transaction records are immutable, verifiable, and securely distributed across the network. Ethereum accounts that users have created both send and receive transactions. The transactional token that makes use of the Ethereum network is called Ether (ETH), Ethereum's native cryptocurrency. Anyone can use Ethereum to develop any secure digital technology. There is a token built into it specifically for usage on the blockchain network, but users may also use it to pay for tasks done on the blockchain. Network users need to use Ether as payment in order to carry out their requested actions on the network.