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What is Ethereum (ETH)

Ethereum is the first worldwide smart-contract platform. As its creator, Vitalik Buterin, said: "If you imagine that Bitcoin is a folding knife, then Ethereum is a Swiss knife”. Ethereum is the first decentralized platform, where the transfer of payment funds between users can be performed according to arbitrary, user-programmed logic. It implements the concept of a world computer that allows anyone to build applications in a decentralized manner; while all states and data are distributed and publicly accessible. For nowadays there is an extensive list of all-kinds of decentralized apps (dapps) that are built on Ethereum.

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