Cryptocurrency Q&A
What is the real world use of ETH?
What is the real world use of ETH?
Sofia
Fri Jan 03 2025
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5 answers
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I've been hearing a lot about Ethereum and its token ETH, but I'm struggling to understand its practical applications in the real world. Can someone explain the real-world use of ETH and how it can be beneficial?
5 answers
alexander_watson_astronaut
Sun Jan 05 2025
Ethereum has emerged as a pivotal player in the decentralized finance (DeFi) space.
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CryptoVanguard
Sun Jan 05 2025
One notable application of Ethereum in DeFi is the development of decentralized lending and borrowing platforms.
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RubyGlider
Sun Jan 05 2025
Platforms like AAVE and Compound leverage Ethereum's blockchain technology to facilitate peer-to-peer lending and borrowing.
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Bianca
Sun Jan 05 2025
Users can lend their crypto assets to others through these platforms and earn interest on their holdings.
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GwanghwamunGuardianAngelWings
Sat Jan 04 2025
Alternatively, individuals can borrow assets by depositing collateral, which acts as a guarantee for the loan.
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