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Ether

TradingKeyTradingKeyTue, Apr 15

Ether (ETH) is a type of cryptocurrency used to power the Ethereum platform . It’s what users pay in to cover the costs of transactions and other computing tasks on the network.

On Ethereum, the cost of a transaction depends on two factors: the gas limit (how much computational work is needed) and the gas price (how much ETH users are willing to pay per unit of gas). In the end, all fees are paid in ether , making it essential for anyone using the Ethereum blockchain.

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