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Ethereum is a "blockchain app platform", and a "world computer".

It has Ether as a volatile cryptocurrency, that drops when Ethereum holders read news headlines like "The founder of Ethereum died in a car crash", or "China bans ICOs", or "Brazil bans investment funds buying cryptocurrencies"; or exchanges are hacked or close down; or their are scams with initial token offerings, or ITOs or ICOs (initial coin offerings); then sell their Ether, and others jump on the bandwagon; while others who can afford to lose the capital "hodl" on to it. It slows down during ITOs, or when too many people play a game for trading digital cats, called Cryptokitties.

It goes up when Kim Jong Un and Donald Trump say hot air about launching nukes or threats of retaliation, or the US and South Korea conduct military drills, or NK actually launches nukes (albeit as "tests").

It's "a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

"These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

"This enables developers to create markets ... and many other things ... all without a middleman or counterparty risk.

"The project was bootstrapped via an ether presale in August 2014."
Alice: Have you heard of Ethereum?

Bob: Nope, what is it?

Alice: It's a blockchain app platform.
via giphy
by LotusDrop January 19, 2018
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