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What is Ethereum?

Ethereum is an open-ended blockchain platform that functions based on numerous systematic algorithm computations where Ether, the functional currency, is generated. Expressly, Ethereum is viewed as a decentralized platform, whereas Ether a cryptocurrency. 
Ethereum’s brainchild is Vitalik Buterin, a Bitcoin enthusiast and Toronto programmer. Notably, he released a white paper in 2013 detailing the alternative usage of blockchain technology. He had the idea that Ethereum could serve both as a mode of payment (financial instrument) and decentralized platform for developers to create applications. In August 2014, Ethereum ended its ICO and raised $18.4 million.  
By 2015, Ethereum was fully functional as a cryptocurrency. We can view Ethereum at a glance as shown below: