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Ethereum is a digital platform that adopts the blockchain technology established by bitcoin and expands its use to a wide variety of applications. It should not be confused with ether (the underlying cryptocurrency of the network) which is also commonly called ethereum.
The Ethereum platform was created in 2015 by the programmer Vitalik Buterin, with the perspective of creating an instrument for decentralized and collaborative applications. Ether (ETH) is a token that can be used in transactions that use this software. Like bitcoin, ether exists as part of an autonomous financial system of peers, free of government intervention. Also as bitcoin, the value of ether has been triggered in a short period of time.
In January 2016, ether traded around $ 1. In September 2017, this price was over $ 290 - although its value has been shown to be volatile, with frequent intraday fluctuations. Therefore, although this is only one of hundreds of cryptocurrencies, it is also one of the few that have a significant market capitalization, along with its two major rivals, bitcoin and bitcoin cash.