# What is ETH

**Published by:** [Leisa](https://paragraph.com/@tuopaiqujiu/)
**Published on:** 2022-05-23
**URL:** https://paragraph.com/@tuopaiqujiu/what-is-eth

## Content

Ethereum (English Ethereum) is an open source public blockchain platform with intelligent contract function, which provides decentralized Ethereum Virtual Machine to handle point-to-point contracts through its dedicated cryptocurrency Ethereum (ETH). The concept of Ethereum was first put forward by programmer Vitalik Buterin in 2013-2014 after being inspired by Bitcoin, which means "the next generation cryptocurrency and decentralized application platform". It began to develop in 2014 through ICO crowdfunding. As of February 2018, Ethereum is the second highest cryptocurrency in market value, second only to Bitcoin.

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