Ether, commonly known as ETH, is the native cryptocurrency of the Ethereum blockchain network. It functions as the gas fee for transactions and computational services on the network, powering smart contract execution and decentralized applications. Ether is the second-largest cryptocurrency by market capitalization and a fundamental component of the broader digital asset ecosystem.
Context
The transition of Ethereum to a proof-of-stake consensus mechanism, known as The Merge, significantly altered the dynamics of Ether, making it a yield-bearing asset through staking. This change has attracted increased institutional interest and reshaped its economic properties. Future developments for Ether include further scaling solutions and upgrades aimed at improving network efficiency and reducing transaction costs.
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