Ethereum

 

Ethereum is a computing platform running on computers all over the world. To run programs on the network you pay Ether (ETH); you can program on the Ethereum network using a language named Solidity.

 

Ethereum is the next level shit .. (excuse my language)

It’s not hard to understand though, so don’t be scared by all of the terminology! Here are a few keywords to get started.

  • Decentralized – computers located all over the world, working together, if half of the computers are turned off, the other half will continue operating as if nothing happened.
  • Cryptocurrency – a kind of digital money that gets its value from having computers do hard math problems.
  • Computing Platform – this is a fancy way of saying a network of computers that run programs together.

Ok! So now we’re going to put all those terms together to try and explain what Ethereum is.

Ethereum is a decentralized computing platform that executes programs anyone can create. In order to pay for the computing power used to execute these programs you pay with a cryptocurrency called Ether.

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