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Token ETH: what is it and what is it used for?
ETH ( is the native Token of the Ethereum blockchain, one of the most popular decentralized platforms in the world. It is used to pay transaction )gas fees(, as well as a means of exchange and investment asset.
Main features of ETH:
Paying commissions - each transaction on the Ethereum network requires a certain amount of ETH to cover computational costs.
Staking - in Ethereum 2.0 version, users can freeze ETH to secure the network and receive rewards.
Smart contracts - Ethereum supports smart contracts that automate agreements without intermediaries.
Decentralized finance DeFi – ETH is used in many financial services such as loans, stablecoins, and liquidity.
NFT - ether is the main currency for buying and selling non-fungible tokens )NFT(.
ETH is not just a cryptocurrency, but a key element of the Web3 ecosystem that powers decentralized applications and financial services.