What is Ethereum (ETH)? Ethereum is a global, open-source platform for decentralized applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world.
Unlike the open blockchains that preceded it, Bitcoin, the primary purpose of Ethereum is not to be a digital currency payment network. Ethereum is designed to be a general-purpose programmable blockchain that runs a virtual machine capable of executing code as programmed. Because Ethereum is a decentralized network, these codes, called smart contracts, can run uninterruptedly from any third party closures and downtime. Ether (ETH) is the native currency of the Ethereum platform and also works as the transaction fees to miners on its network.