Ethereum (ETH) is an innovative blockchain network, that introduced in 2015, which used as a cryptocurrency. It has the second largest market capitalization of all the cryptocurrencies, though it’s a distant second to Bitcoin which is 19 times larger.. While Bitcoin was developed as a currency, to be used like regular money, Ethereum is also a platform and programming language that can be used to build and run applications on. As such, Ethereum has different purposes.
Miners, who contribute computing power either towards the creation of new blocks or the processing of transactions, are rewarded with new crypto-tokens called ether. Ether can be traded and used to run applications. As a tradable instrument, Ethereum has done well and has grown into the biggest altcoin on the market. Ethereum units can be bought or sold against other cryptocurrencies or fiat currencies like the USD or the EUR.