What is Ether?

Ether (ETH) is the native cryptocurrency of the Ethereum network. It is the world’s second largest cryptocurrency surpassed only by Bitcoin (BTC).

ETH is used to pay for transaction fees and to incentivize miners and validators. Moreover, ETH can be traded on various cryptocurrency exchanges and is used by developers to build decentralized applications (dApps), smart contracts, and make regular peer-to-peer payments on the Ethereum network.