Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a programmable blockchain. It allows users to create their own decentralized applications (dapps) and run them on the Ethereum network.
Ethereum is often described as a digital currency and smart contract platform, and it is the second-largest blockchain by market capitalization after Bitcoin.
The native cryptocurrency of the Ethereum network is called Ether (ETH). ETH is used to pay transaction fees and gas prices.
Gas is a unit of measurement used to determine how much computational power is needed to execute a particular task on the Ethereum network.
The price of ETH has fluctuated widely since its launch in 2015. The all-time high price was reached on January 13, 2018, when ETH was trading at $1,417.38.
The all-time high price represents a more than 1,700x return on investment from Ethereum’s ICO price of $0.31.
Since the all-time high, the price of ETH has declined significantly and is currently trading at around $180. Despite the large decline in price, Ethereum remains one of the most popular blockchain platforms in the world with a strong community of developers and users.