What does "ETH" stand for in cryptocurrency? 🔊
"ETH" stands for Ethereum, which is a decentralized blockchain platform enabling smart contracts and dApps (decentralized applications). It provides a cryptocurrency known as Ether, used for transactions and as a medium to monetize decentralized services. Ethereum's flexibility in developing robust applications has made it a foundational technology in the world of cryptocurrency and beyond, fostering greater innovation in fintech and various sectors requiring a decentralized approach to computing.
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