Ether (ETH) Definition: Ether is a type of cryptocurrency that’s one of the most popular options for crypto investors. ETH or Ether is on the Ethereum network and used as a form of a cryptocurrency payment. Ether is a transactional token that effectively facilitates and tracks transactions in the network. It’s often called the “fuel” of the network and functions as a standard cryptocurrency.
Ether offers many of the same properties as other cryptocurrencies and is often compared to Bitcoin. The technology in the Ethereum network utilizes the blockchain to store consumer details, financial records, and other information from transactions and internet companies.