The crypto-token ether sure looks like a forex. It’s traded on cryptocurrency exchanges underneath the code ETH. Its image is the Greek uppercase Xi personality. It is mined in a identical (but less power-intensive) system to bitcoin.
But ether isn’t a foreign money. Its designers describe it as “a fuel for working the distributed utility platform Ethereum. It is a type of fee made by way of the purchasers of the platform to the machines executing the requested operations.”
Ether tokens get you entry to some of the world’s most subtle distributed computational networks. It’s so promising that significant organizations are falling in every single place each other to increase realistic, real-world makes use of for it.