What Is Ether?

What Is Ether?
Ether (ETH) is the main token of the Ethereum blockchain and the world’s second-largest cryptocurrency by market capitalization. Just like the largest cryptocurrency, bitcoin, ether can be used to send payments directly to another person without the need for an intermediary such as a bank.The long-term vision for Ethereum is to power more than just financial transactions. Software developers are able to build applications on Ethereum, ranging from decentralized platforms for lending money to social media networks.For any Ethereum-based app, ether acts as the primary “fuel.” Any activity on the blockchain requires an amount of ether to power it, also…