Ethereum is a decentralized, open-source, and distributed software platform based on blockchain technology.12 It has its own native cryptocurrency called Ether and a programming language called Solidity.2 Ethereum enables users to make transactions, earn interest on their holdings through staking, use and store nonfungible tokens (NFTs), trade cryptocurrencies, play games, use social media, and more.3 Unlike Bitcoin, Ethereum is intended to be much more than just a medium of exchange or a store of value.4 It is a network of computers all over the world that follow a set of rules called the Ethereum protocol. The Ethereum network acts as the foundation for communities, applications, organizations, and digital assets that anyone can build and use.5

Footnotes

  1. https://consensys.net/knowledge-base/ethereum/

  2. https://www.techtarget.com/whatis/definition/Ethereum 2

  3. https://cointelegraph.com/learn/what-is-ethereum-a-beginners-guide-to-eth-cryptocurrency

  4. https://www.forbes.com/advisor/investing/cryptocurrency/what-is-ethereum-ether/

  5. https://ethereum.org/en/what-is-ethereum/