Ethereum was officially announced on the Bitcointalk forum in 2014. In addition to Buterin, Ethereum was co-founded by Mihai Alisie, Anthony Di Iorio and Charles Hoskinson. Buterin also announced that he was working with developer Dr. Gavin Wood and Joseph Lubin.Ether is used broadly for two purposes: it is traded as a digital currency exchange like other cryptocurrencies and is used inside Ethereum to run applications and even to monetize work. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.”
Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. … In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network.
With respect to permissioning, Ethereum is a public, permissionless blockchain. … Some groups, mostly industry consortia, have adapted Ethereum’s open-source protocol to run their own permissioned, private instance of Ethereum.Oct 31, 2017