What is Ethereum?
Ethereum is a public, decentralized peer-to-peer network or blockchain with its own cryptocurrency called Ether. Ethereum is also a platform on which smart contracts can be built and run.
Being started in August 2014 by fans from all around the world the Ethereum blockchain is designed to store different types of data. This data can be accessed and used by computer programs running on the Ethereum blockchain. These programs are called decentralized apps (DApps).
Ether is a type of altcoin that fuels the Ethereum network. Ether or ETH is also used to pay for transaction fees on the Ethereum network.
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