Ethereum (ETH) is the second-largest cryptocurrency by market cap and the leading smart contract platform. Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced the idea of programmable money and decentralized applications (dApps).
What is ETH used for?
ETH is the native coin of the Ethereum network and is used to:
- Pay transaction fees (gas) on the network
- Run and interact with smart contracts and dApps
- Secure the network through staking (Proof of Stake)
- Serve as a store of value and medium of exchange
Ethereum powers thousands of decentralized projects, including DeFi platforms, NFT marketplaces, DAOs, and more.
What makes Ethereum unique?
- Pioneer of smart contract functionality
- Supports a vast ecosystem of dApps and tokens (e.g. USDC, MKR, LRC)
- Transitioned to energy-efficient Proof of Stake (The Merge)
- Constant innovation through community-driven development
ETH on Floin
Floin supports ETH on the native Ethereum blockchain. You can hold, send, and receive ETH – and use it to interact with Web3 services, smart contracts, and a growing digital economy.
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