Ethereum is a decentralized network that uses blockchain technology to run programs and process transactions. Ethereum has its own native digital currency (Coin), which is known as Ether (ETH). The Ether cryptocurrency is basically used to secure the network and pay wages.

Ethereum is a public, open-source, blockchain-based distributed computing platform for smart contracts. The platform provides Ethereum's Turing-complete virtual machine and executes scripts using an international network of public nodes.