What is Ethereum, in layman's term?

What is Ethereum, in layman's term?

Barrie

In the simplest of terms, Ethereum is an open-source software platform based on blockchain technology. It enables developers and tech teams to build apps upon it. These apps are decentralized, so they are commonly referred to as DApps.

Ethereum is a system on the Internet where people can make deals. Ether is type of money which uses the Ethereum system to make sure that every person gets the right amount in every deal. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.

Nowadays all cryptocurrency are transper by using by exchange. Like by using exchanger24 easily transfer ethereum to paypal

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