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Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract capabilities. Provides a decentralized virtual machine (called the Ethereum Virtual Machine) to process peer-to-peer contracts through its dedicated cryptocurrency ether (also known as "Ether"). The concept of Ethereum was first proposed by programmer Vitalik Buterin after being inspired by Bitcoin between 2013 and 2014, roughly meaning "next-generation cryptocurrency and decentralized application platform", and started in 2014 through ICO crowdfunding development. As of June 2018, Ethereum is the second most valuable cryptocurrency by market capitalization, and Ethereum is also known as a "second-generation blockchain platform" after Bitcoin. Ethereum (English: Ethereum) is an open source public blockchain platform with smart contract capabilities. Provides a decentralized virtual machine (called the Ethereum Virtual Machine) to process peer-to-peer contracts through its dedicated cryptocurrency ether (also known as "Ether").