What Is Ethereum in Simple Terms?

Blockchain
#1

Etherium, like any other blockchain, is a decentralized store of data that is meant to be impenetrable. The cryptocurrency Ether, or ETH, is used to execute blockchain transactions.
Unlike traditional databases, information in a blockchain is structured as a chronological “chain” of data “blocks.” Every transaction involving an Ether token, for example, must be validated and recorded as a new block on that coin’s blockchain. The practice of documenting each transaction in order is why a blockchain is sometimes compared to a ledger.
The Etherium blockchain maintains more than just Ether transaction records. It enables software developers to create and distribute games and commercial applications, known as dapps, to consumers. Those users wish to take advantage of the relatively low dangers associated with keeping sensitive data on the Internet.

#2

This flexibility makes Ethereum the perfect instrument for distributed computing. In February 2017, Ethereum organization announced the Enterprise Ethereum Alliance (EEA). It is aimed at developing enterprise-focused solutions with the open-source Ethereum as a basis but that are, in some cases, more privacy-oriented. Conversely, the idea is to create a kind of positive feedback loop that leads to improvements of the public blockchain protocol as well.