- Ethereum is a blockchain that was developed to support scripting and the creation of decentralized applications and
'smart contracts' through its virtual machine (EVM).
- Ethereum's native token, Ether (ETH) is a cryptocurrency used to pay for the processing power of the EVM in order to run
smart contracts or other Dapps, in what is called 'gas'.
- Smart contracts have been used on Ethereum for a variety of purposes, from issuing ICO tokens to creating entire
decentralized autonomous organizations (DAOs).