Ether is used for transaction fees and computational services on the Ethereum network.

Claim

Name

Ether is used for transaction fees and computational services on the Ethereum network.

Types

Quotes that support the claim

"Ether is a decentralized digital currency, also known as ETH. In addition to being a tradeable cryptocurrency, ether powers the Ethereum network by paying for transaction fees and computational services. Ether is paving the way for a more intelligent financial platform."

Sources

Mastering Ethereum

Tags

Understanding Ethereum's Technology

Referenced by

Mastering Ethereum

Crypto