Created in 2015, Ether is known as the fuel for operating the Ethereum platform. Ether, like other digital currencies, can be used to pay for goods and services. But it is also used to support the development of applications on the Ethereum network.
Oftentimes, the word Ethereum is used to represent both the network as well as Ether.
To better understand the uses of Ether, let’s first look at the Ethereum platform.