# Ether (ETH) 1. A type of [[Crypto (cryptocurrency)|cryptocurrency]] that is used for operating the [[Ethereum (blockchain)|Ethereum]] platform and is used to pay for [[Transaction Fee|transaction fees]] and computational tasks. In the platform, transaction fees are measured based on the [[Gas Limit]] and [[Gas Price]] and ultimately paid for in [[Ether (ETH)|Ether]]. 3. Is the minimum unit of [[Ethereum (blockchain)]], the second [[Crypto (cryptocurrency)|cryptocurrency]] after bitcoin by capitalization in the world. 5. Is the native [[Token(s)|token]] of the [[Ethereum (blockchain)]] blockchain which is used to pay for transaction fees, [[Mining Reward|miner rewards]] and other services on the network. 7. Ether (ETH) is the native token of the [[Ethereum (blockchain)]] blockchain, and the premier [[Crypto (cryptocurrency)|cryptocurrency]] that is used for operating the Ethereum platform. It is used to pay for [[Transaction Fee|transaction fees]], [[Mining Reward|miner rewards]], and computational tasks. In the platform, transaction fees are measured based on the [[Gas Limit]] and [[Gas Price]] and ultimately paid for in Ether. 9. The digital currency of the [[Ethereum (blockchain)]] network. Ether is used to pay the transaction and processing fees of Ethereum [[Decentralized Applications (dApp)|decentralized applications]] and [[Smart Contract|smart contracts]]. ETH is the short ticker symbol for Ethereum, which is often used on [[Cryptocurrency Exchange|exchanges]] and other financial platforms. Ethereum is a platform for creating and running smart contracts.