Ethereum (ETH) is a Cryptocurrency, a distributed system in the field of financial technology, which offers the creation, management and execution of decentralized programs or contracts (Smart Contracts) in its own blockchain. Therefore it represents an alternative to the classic client-server architecture.
Ethereum uses the internal Cryptocurrency Ether (abbreviated to ETH, symbol: Ξ) which means payment for transaction processing, that is handled by participating computers.
Due to January 2019, Ether is the second-largest Cryptocurrency after Bitcoin.
Ethereum was originally described in late 2013 by Vitalik Buterin in the white paper "Ethereum: A Next Generation Smart Contract & Decentralized Application Platform" and presented in January 2014 at the North American Bitcoin Conference in Miami. Gavin Wood, co-founder of the project, published the formal specification and design of the Ethereum Virtual Machine (EVM) in April 2014 with the "Ethereum Yellow Paper." In July 2015, the Ethereum Network started operating. Just seven months later, on February 29, 2016, Ethereum's Cryptocurrency Ether reached a market capitalization of over $ 500 million. Two weeks later, on March 12, 2016, it has been already doubled and Ether had a market capitalization of over $ 1 billion. The development is managed by the Swiss Ethereum Foundation (Ethereum Foundation) based in Zug.
Official Webpage https://www.ethereum.org/