Is Ether a coin, a token, or a digital currency?

 are you an investor looking for premium Market opportunities presenting premium and exclusive service for investors by calki [Music] in a word the crypto space can be confusing others might choose the word enticing though the past 11 months have been anything but ethereum the second largest cryptocurrency project in terms of market capitalization and the second largest non-stable coin in terms of trading volume is a project that has equal parts confusing and enticing ethereum serves multiple purposes the platform itself is a developer's Haven allowing for the creation of literally thousands of different smart contracts which in turn create new crypto projects that's the platform itself but attached to ethereum is its native asset ether whilst Bitcoin is both a project and an asset ether is different from ethereum and in this video we'll take a look at what the most appropriate identifier for ether is whether that be labeling it as a coin a token or a digital currency ethereum.org the website supported by the ethereum foundation the founder of the blockchain network maintains that ether is a cryptocurrency the problem is that there is a lack of consensus on the actual meaning of the term cryptocurrency with many including the Australian taxation office using the term crypto assets but this debate aside the question is what actually is eth or ether and is it competing directly with Bitcoin ether is the money for ethereum's blockchain services if a developer wants to use the network to deploy a new decentralized app or to create a new non-fungible token the payment must be made using eth or ether by this measure ether is ethereum's internal payment mode and a store of value for people using the services ethereum.org states that other cryptos created using the network are tokens that is ethereum differentiates ether from other crypto assets created utilizing its platform these are the so-called erc20 tokens and they include popular names such as Shiba Inu shib is considered a meme token some other categories are gaming metaverse and of course stable coins ethereum itself however does not categorize ether as a token it specifically maintains that The Ether crypto is money within ethereum and by this measure it competes with Bitcoin which is meant to change the global payment landscape it's very hard to find consensus on most aspects of the cryptocurrency world in a short explainer on ethereum.org ether is considered not the same as tokens built on ethereum's blockchain instead it's labeled as a cryptocurrency so in the mindset of the makers at least ethereum is classified as a currency as opposed to a coin or a token let us know your thoughts in the comments below and don't forget to like and share the video for more content you can subscribe to the channel and press the Bell icon