What can ETH do?

There are many cryptocurrencies and lots of other tokens on Ethereum, but there are some things that only ETH can do. ETH is the lifeblood of Ethereum. When you send ETH or use an Ethereum application, you'll pay a fee in ETH to use the Ethereum network. This fee is an incentive for a block producer to process and verify what you're trying to do.

What is Ethereum (ETH)?

Ethereum itself is a blockchain technology platform that supports a wide range of decentralized applications (dApps), including cryptocurrencies. The ETH coin is commonly called Ethereum, although the distinction remains that Ethereum is a blockchain-powered platform, and ether is its cryptocurrency.

How much does 32 ETH cost?

At the time of writing in mid-September 2021, the Ethereum price now for 32 Ether is roughly $116,029. The amount of money earned by Ethereum validators right now is a return of 6% APR, which equates to around 1.91952 ETH, or $6960 in Ethereum price today.

Can I use ETH as collateral?

You can use ETH as collateral to generate entirely different cryptocurrency tokens on Ethereum. Plus you can borrow, lend and earn interest on ETH and other ETH-backed tokens. DeFi is the decentralized financial system built on Ethereum. This overview explains what you can do.