#ETH

This article is from the Binance platform in 2020

What is Ethereum?

Ethereum is a decentralized computing platform. You can think of it as a laptop or a personal computer, but it does not run on a single device. Instead, it operates simultaneously on thousands of devices around the world, meaning it does not have a specific owner.

Ethereum, like Bitcoin and other cryptocurrencies, allows you to transfer digital money. However, it has much more potential than that – you can deploy your own code and interact with applications created by other users. And because it is very flexible, all kinds of sophisticated programs can be launched on Ethereum.

Simply put, the main idea behind Ethereum is that developers can create and launch code that runs across a distributed network instead of being hosted on a central server. This means that, theoretically, these applications cannot be shut down or monitored.

What is the difference between Ethereum and the Ethereum currency (ETH)?

This may seem strange, but the units used in Ethereum are not called Ethereum or Etherems. Ethereum is the protocol itself, but the currency that powers it is simply known as the Ethereum currency (or ETH).