Ethereum

Here is the Price of Ethereum relative to the USD in 2017:

Wow.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party.  (Ethereum.org)

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.  It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. (Wikipedia.com)

If you are thinking “I still don’t understand,” that is OK and perfectly normal!  This is what we at Blockely are here to help you understand.