The purpose of Ethereum is to create 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 distributed public blockchain network. Ether, the platform’s native cryptocurrency, is mined and used to pay for transaction fees and services on the Ethereum network.
Ethereum’s smart contracts are powered by a Turing-complete programming language, which allows developers to build a wide range of applications that go beyond simple payments.
The Ethereum platform has been used to create a wide variety of decentralized applications, including:
DAOs and tokenized platforms
And much more…
The possibilities are endless with Ethereum smart contracts. Developers can create any type of application they can dream up, and users can interact with these applications in a trustless, secure environment.