What is Ethereum? Well, Ethereum is an open software platform based on a blockchain technology for building and deploying decentralized applications. Shortly speaking it is a distributed public blockchain network. In the Ethereum blockchain the miners work on the exploration of Ether, which is some kind of a crypto token that can be compared with a fuel for a network. Ether is used by applications developers to pay for transactions and services on the Ethereum network as well.
We should get away from the dry terminology and look a little bit at the statistics: Ether is the third most valuable digital currency on the Crypto Market after Bitcoin. The value and indexes of Ether have been growing significantly these days. Many of the Crypto professionals and enthusiasts have concentrated on this coin and show a real interest in this Market. Let’s throw the light on the Ethereum and sort everything out.