Ethereum is an open software platform based on blockchain technology that runs smart contracts which eliminate downtime, censorship, fraud or third party interference, and allows for developers to create dApplications of any kind. In the Ethereum blockchain, Ether a type of crypto tradable token is obtained by mining. Ether is also used for transaction fee so that application developers can pay for services on the Ethereum network. One can create a tradable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all, on the Ethereum network with the use of a language called Solidity. With Ethereum anyone is able to create a democratic autonomous organization and to provide services with a 100% up-time guarantee, thanks to the decentralized network of the platform.
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