what is ether?-Definition of all finance terms

Definition of Ether

Ether is a cryptocurrency emblem or token provided by the ethereum which is the main element in the running of the distributed block chain based application.

Breif Explanation of Ether

It is one of the forms of payment which can be transferred from one node to another for operating this distributed computing platform. These tokens have been transferred between different accounts. The purpose of transferring these token is to compensate recipient nodes.

This token is in a physical form like a security. It also has some limitations like all other digital currencies tokens have. Ether has a comparatively lower limitation than a bitcoin.

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