ETHER
- Ether having the ETH code and cryptocurrency used on the Ethereum Platform.
- It is used to pay for transaction fees and computational services on the Ethereum network. It’s the crypto-fuel(gas) for the Ethereum platform.
- ETH is traded on every exchange.
- Ether is the incentive ensuring that developers write quality applications and that the network remains healthy.
- Wei is the smallest ETHER denomination.
- 1ETH = 10 to the power of 18 wei (10 ^ 18 wei)
Video : Basics
Question / Answer
Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, is a Russian-Canadian computer programmer, and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011.
Bibliography/References
- None