In the crypto world, ETH is short for Ethereum. Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. Smart contracts are computer programs that run automatically when certain conditions are met. They can be used for a variety of purposes, including decentralized finance, identity management, and gaming.
The native token of the Ethereum platform is called Ether (ETH). Ether is used to pay transaction fees and to power smart contracts. Ether can also be used to buy other tokens and assets on the Ethereum platform.
Ethereum is the second largest cryptocurrency by market capitalization, after Bitcoin.