What Is Ethereum?

Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.

Ethereum has a native cryptocurrency called ether (ETH). It is purely digital, and you can send it to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company - it is decentralized and completely transparent. New coins (also commonly called tokens) are created only by miners and stakers who maintain the network.

Every action on the Ethereum network requires a certain amount of computational power. This fee is paid in the form of ether. This means you need at least a small amount of ETH to use the network.