Eth is the abbreviation of Ethereum, and the tokens on the Ethereum blockchain are called Ethereum with the code of Eth, which can be traded in the foreign exchange market of many cryptocurrencies. It is also the medium used by Ethereum to pay transaction fees and operation service fees.

Ethereum is an open source public blockchain platform with intelligent contract function. Through its special cryptocurrency Ethereum, it provides a decentralized virtual machine to handle peer-to-peer contracts.

The concept of Ethereum was first put forward by a programmer inspired by Bitcoin in 20 13-20 14, which means "the next generation cryptocurrency and decentralized application platform", and 20 14 began to develop through ICO crowdfunding.