Ethereum is a decentralized platform based on blockchain technology and is completely open source. In addition, it is also a mining network. This network is designed according to the proof-of-work principle that should prevent centralization of the platform.At Ethereum there is one blockchain in which the cryptocurrency of the network itself is recorded and traded, but also that of many other cryptos and tokens (including ERC-20).
Ethereum can also record the development of other data and includes so-called smart contracts. Many of the newly released crypto coins (ICOs) use the Ethereum blockchain.
Because many companies want to establish themselves on the platform of Ethereum it is very interesting. Many financial institutions and companies offer the blockchain in their services.
The code language in which the smart contracts of Ethereum are programmed is called Solidity.