What is the process of obtaining new coins on the Ethereum network?

The process of obtaining new coins on the Ethereum network is known as mining. Mining involves using computer hardware to solve complex mathematical equations in order to validate transactions on the network and add them to the blockchain. Miners are rewarded with newly minted coins as well as transaction fees for their efforts. Additionally, coins can also be obtained by purchasing them on cryptocurrency exchanges or receiving them as payment for goods and services.

Mining