Ethereum

By definition, the Ethereum is a software platform that is intended to act as a decentralized Internet as well as a warehouse of decentralised application. Such a system needed a coin to pay the computer executing a program or application resources. This is where 'Éther' comes into play.

The ether is a digital active carrier and requires no third party to process the payment. However, it not only works as a digital currency, also acts as a "fuel" for decentralized network applications. If a user wants to change something in one of the applications within the Ethereum, they will have to pay transaction fees for what the network can handle the change.

Transaction costs are automatically calculated the quantity of "gas" action requires. The amount of fuel required is calculated on how much computing power is needed and how much it takes to run.