Ethereum is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts. It was proposed by Vitalik Buterin in late 2013 and launched in July 2015. Unlike Bitcoin, which primarily serves as a digital currency, Ethereum's main focus is to provide a platform for developers to build decentralized applications (DApps) on top of its blockchain.
One of the key features of Ethereum is its native cryptocurrency called Ether (ETH). Ether is used to facilitate transactions within the network and incentivize participants to perform computational tasks. It can also be traded on various cryptocurrency exchanges.
Ethereum has gained significant popularity due to its ability to support complex applications and programmable money. Its robust infrastructure allows developers to create innovative solutions across various industries, including finance, gaming, supply chain management, and more.