A digital, global money for our digital future. It is scarce digital money that you can use on the internet – like Ethereum. If you’re new to crypto, here's how i.e. ETH is different from traditional money:
- ETH lets you be your own bank. You can control your own funds with your wallet as proof of ownership – no third parties necessary.
- Internet money may be new but it's secured by proven cryptography. This protects your wallet, your ETH, and your transactions.
- You can send your ETH without any intermediary service like a bank. It's like handing cash over in-person, but you can do it securely with anyone, anywhere, anytime.
- You only need an internet connection and a wallet to accept ETH. You don't need access to a bank account to accept payments.
Ethereum is home to thousands of tokens. Anyone can create new kinds of assets and trade them on Ethereum. These are known as 'tokens'. People have tokenised traditional currencies, their real estate, their art, and even themselves – some more useful and valuable than others. Developers are constantly building new tokens that unlock new possibilities and open new markets:
Stablecoins Tokens that mirror the value of traditional currency like dollars. This solves the volatility problem with many cryptocurrencies.
Governance tokens Tokens that represent voting power in decentralized organisations.
Sh*t coins Because making new tokens is easy, anyone can do it - even people with bad or misguided intentions. Always do your research before using them!
Collectible tokens Tokens that represent a collectible game item, piece of digital art, or other unique assets. Commonly known as non-fungible tokens (NFTs).