Apr 3, 2025
Ibiam Wayas
The terms "Ethereum" and "Ether" are often used interchangeably. While related, they represent distinct concepts within the Ethereum ecosystem.
The term “Ethereum” refers to the blockchain network itself, which allows developers to build and deploy smart contracts and decentralized applications (dApps).
Ether, on the other hand, is the native cryptocurrency of the Ethereum - the blockchain. The symbol for Ether is ETH.
Users pay Ether to execute transactions and run smart contracts on the Ethereum network. These fees are known as "gas.”
Validators, who maintain the network's integrity, receive Ether as a reward for their work.
In casual conversation, people often say "Ethereum" when they mean "Ether," especially when referring to its price or trading.
However, it’s also important that people fundamentally understand the difference between the platform itself and the cryptocurrency for clarity purposes.
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