Ethereum is an open-source, decentralized blockchain platform that includes ETH cryptocurrency.
Ethereum (ETH) is a platform based on an open-source, Proof-of-Stake blockchain. Unlike Bitcoin and Litecoin, Ethereum is primarily used as a computing platform rather than a payment system. It provides developers with the ability to build and deploy decentralized applications, utilizing the platform's processing power. Additionally, Ethereum serves as a platform for launching new cryptocurrencies, with the Ethereum Foundation defining the ERC20 token as a standard that developers of other currencies can use as a template for fundraising through an initial coin offering (ICO).