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Ethereum, What is it? - https://youtu.be/j23HnORQXvs

Ethereum is a distributed blockchain computing platform for smart contracts and decentralized applications. Its native token is ether (ETH), which primarily serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance (DeFi) sector.

Ether is used to pay gas fees on every transaction. Once migrated to Eth2, validators will stake the tokens to participate in consensus and receive block rewards.

With the Beacon Chain in production, users can deposit their ETH into the Deposit Contract to claim a validator slot on the Ethereum 2.0 network. Validators have the right to stake ETH on the Beacon Chain to participate in block production and earn staking rewards.

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