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 EthereumThe Ethereum community is building a whole financial system that’s peer-to-peer and accessible to everyone.
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. Because Ethereum is programmable, developers can shape ETH in countless ways.
Back in 2015, all you could do was send ETH from one Ethereum account to another. But now you can do many more things with it such as;
• Stream ETH. You can pay someone or receive funds in real time.
• Swap Tokens. You can trade ETH with other tokens including Bitcoin.
• Earn Interest. You can earn interests on ETH and other Ethereum-based tokens.
• Get Stable coins. Access the world of cryptocurrencies with a steady, less-volatile value.
Moreover ETH’s valuable in different ways to different people.
•For users of Ethereum, ETH is valuable because it lets you pay transaction fees.
•Others see it as a digital store of value because the creation of new ETH slows down over time.
•Many also see it as an investment, similar to Bitcoin or other cryptocurrencies.
More recently, ETH has become valuable to users of financial apps on Ethereum. That’s because you can use ETH as collateral for crypto loans, or as a payment system.
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