What is the difference between stETH and ETH?

3 answers

• Dec 25, 2021 · 3 years ago
  stETH and ETH are both cryptocurrencies, but they have some key differences. stETH is a token that represents a stake in the Ethereum 2.0 network, while ETH is the native currency of the Ethereum blockchain. stETH is specifically designed for staking on Ethereum 2.0, allowing users to earn rewards by locking up their ETH. On the other hand, ETH can be used for various purposes, including transactions, smart contracts, and decentralized applications. So, while both stETH and ETH are related to Ethereum, their functions and usage differ significantly.
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• Dec 25, 2021 · 3 years ago
  stETH and ETH are like two sides of the same coin. While ETH is the original cryptocurrency of the Ethereum network, stETH is a derivative token that represents a staked version of ETH. When you stake your ETH, you receive stETH in return, which can be used to participate in the Ethereum 2.0 network and earn rewards. This allows ETH holders to contribute to the security and scalability of the Ethereum network while earning passive income. So, the main difference between stETH and ETH is that stETH is specifically designed for staking, while ETH has broader use cases within the Ethereum ecosystem.
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• Dec 25, 2021 · 3 years ago
  When it comes to stETH and ETH, it's all about staking. stETH is a token that represents a stake in the Ethereum 2.0 network, while ETH is the native currency of the Ethereum blockchain. With stETH, you can participate in the Ethereum 2.0 network by locking up your ETH and earning rewards. This is a way to contribute to the security and decentralization of the Ethereum network. On the other hand, ETH can be used for various purposes, such as making transactions, interacting with smart contracts, and building decentralized applications. So, while both stETH and ETH are important in the world of cryptocurrencies, they serve different purposes and cater to different needs.
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