The cryptocurrency of the Ethereum network — the second-largest crypto by value, used to pay for transactions and power apps on Ethereum.
Think of it like the fuel that powers a massive digital app store — you need ETH to do almost anything on the Ethereum network.
Ethereum hosts the majority of DeFi, NFTs, and other crypto applications, so ETH is essential for participating in much of the crypto ecosystem.
Watch out for high gas fees when the Ethereum network is busy — a simple transaction can sometimes cost more in fees than the amount you're sending.
A small fee you pay to process a transaction on a blockchain, which goes to the people running the network.
A program stored on a blockchain that automatically executes an agreement when specific conditions are met, without needing a middleman.
A separate network built on top of a Layer 1 blockchain to make transactions faster and cheaper, while still relying on the main chain for security.
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