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Ethereum is powered by a fungible token, ETH, which is used to incentivize the physical computers that underlie the system. ETH is also the system’s native currency for transactions, like NFT purchases.

Ethereum, seven years old, is still the most versatile platform for smart contracts and initial coin offerings. Its software language, Solidity, is Turing-complete. Its coin—ether—commands the second-highest market cap among cryptocurrencies. Its “gas” metric specifying payments for use of energy in computation shields the system against spam and d

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For example, if you hold Ether you can stake it to help secure the network once Proof of Stake launches. In return for Staking your ETH, you get paid in more ETH, at a rate of about 5%.