Definition of Ethereum: Introduced in 2015, Ethereum is a blockchain-based decentralized open source software platform used for its own cryptocurrency, Ether. It allows the creation and execution of smart contracts and distributed applications (s apps) without the hassle of time, fraud, control or third party interference.
- Ethereum is an open source computing platform and operating system.
- It also has its own cryptocurrency.
- One of the major projects around Ethereum is a partnership with Microsoft Consensus.