Ethereum
Official Website：ethereum.org
Token： ETH
Launched in 2015, Ethereum is a decentralized open-source blockchain with smart contract functionality.
Ether is the native cryptocurrency on the Ethereum network, usually abbreviated as ETH, which is also its stock code. Just like Bitcoin, Ethereum currently uses a so-called Proof-of-Work mining model. In proof-of-work, miners are decentralized computers using their computing power to process and verify transactions. On Ethereum, new transactions are being added to blocked” every 15 seconds.
Miners are built mechanisms on the Ethereum blockchain and are rewarded with ETH.
ETH is used to pay transaction fees (called gas fees) on the Ethereum blockchain. Coinstorenft has no say about setting gas fees-- which are determined by supply/demand and fluctuate with network usage.
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