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Ethereum (ETH) is an open-source, blockchain-based, distributed computing platform and operating system that features smart contract scripting, designed by programmer and cryptocurrency icon Vitalik Buterin. Ether is the native cryptocurrency of the Ethereum blockchain, which is used as medium of value exchange. In addition, ether is used to fund transactions on the Ethereum blockchain. Through the Ethereum Virtual Machine and smart contracts, developers are able to build and run decentralized blockchain applications known as DApps on Ethereum. These DApps vary from games like CryptoKitties, to decentralized cryptocurrency exchanges and are the building blocks of what many are calling Web 3.0.
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