Ethereum

Ethereum is a decentralized, peer-to-peer permissioned blockchain platform that executes and validates a secure cryptographic application, but is known as a fair smart coin. Smart contracts allow participants to transact with each other without the need for a trusted honest authority. Transaction records are immutable, identifiable, and securely distributed across the network, allowing participants to have full ownership and visibility into data transactions. Transactions are sent from and received by user-created Ethereum accounts. The sender must sign the transaction and use Ether, Ethereum's native cryptocurrency, such as the cost of processing transactions on the network.