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.