Ethereum vs. Ether (ETH)

Ethereum is a blockchain platform, while Ether (ETH) is its native cryptocurrency. Think of Ethereum as the operating system, and Ether as the fuel that powers transactions and applications on that system. Ether is used to pay for transaction fees (also known as "gas") and to execute smart contracts on the Ethereum network. 

Key Difference:

Ethereum is the platform, while Ether is the currency that facilitates activity on that platform. 

How much is $1000 in Ethereum 5 years ago?

• 1 year ago: If you invested $1,000 in Ethereum in 2024, your investment would be worth $784. 5 years ago: 
• If you invested $1,000 in Ethereum in 2020, your investment would be worth $11,049. 
• 9 years ago: If you invested $1,000 in Ethereum in 2016 when it traded at $5.92, your investment would be worth $421,215.

Ether (ETH):

The cryptocurrency that is native to the Ethereum network. It is used to pay for computational resources (gas) on the network and to transfer value. 

Interchangeable Usage:

While technically distinct, the terms "Ethereum" and "Ether" are often used interchangeably, especially when referring to the cryptocurrency. For example, you might hear someone say they "bought Ethereum" when they actually purchased Ether (ETH).