Definition
Ethereum is a decentralized blockchain-based protocol that supports its own native digital asset, Ether (ETH), and enables programmable agreements called smart contracts. It provides a shared network where data and value are recorded in blocks and secured by distributed participants, allowing many different applications, tokens, and transactions to exist on a common, public infrastructure.
In Simple Terms
Ethereum is a public digital network where people can send value and store information without a central company in charge. It has its own cryptocurrency, called Ether, and lets developers create programs that run on the network. All activity is recorded on a shared ledger that everyone can inspect.
Context and Usage
Ethereum is commonly discussed as a foundational blockchain protocol in the broader crypto ecosystem. It is referenced when talking about smart contract platforms, decentralized applications, and tokens that are issued on top of an existing network. Conversations about Ethereum often involve its native asset, how data is stored in blocks, and how transactions are recorded on its public ledger.