What Is Ethereum in Simple Terms?

Ethereum is a blockchain platform that allows people to build and run applications, not just send money.

It has its own digital currency called Ether, which is used to make transactions and power those applications.

What makes Ethereum different is something called smart contracts. These are programs that run automatically when certain conditions are met, without needing a middleman.

This is what allows things like apps, payments, and even agreements to run directly on the blockchain.

In simple terms, Ethereum is:
A platform to build and run applications
A system to send and receive digital value
And a network that works without central control

Is Ethereum something you’re still trying to understand, or have you already used it in some way?

— CNF Team