What currency does Ethereum belong to?

Ethereum is both a cryptocurrency, known as Ethereum (ETH), and a blockchain platform that allows developers to build and deploy smart contracts that automate processes without middlemen.

#What currency does Ethereum belong to?

Ethereum is a cryptocurrency and a blockchain platform.

Cryptocurrency:

• The cryptocurrency of Ethereum is called Ethereum (ETH).
• Ethereum is a decentralized digital currency used to pay transaction fees and execute smart contracts on the Ethereum blockchain.

Blockchain platform:

• Ethereum is a decentralized blockchain platform that allows development People build and deploy smart contracts.
• Smart Contracts are autonomous programs that execute predefined rules and are used to automate processes and protocols without middlemen.
• Ethereum’s blockchain is open and transparent, and all transactions and smart contracts can be viewed and verified by anyone.

Therefore, Ethereum can be described as:

• A cryptocurrency that uses Ethereum as its cryptocurrency.
• A blockchain platform that supports smart contracts and decentralized application development.

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