Ethereum is a decentralized platform that aims to build perfect applications that run exactly as designed i.e. there is no downtime, censorship, fraud, or any kind of interference.
These faultless applications are “housed” within a shared, global infrastructure that can move value around and represent ownership of property, which creates an ocean of utilities that don’t require middlemen.
Ethereum is a decentralized platform that runs smart contracts. The ethereum wallet allows you to store and spend digital value tokens like ether that are generated on Ethereum, as well as write and deploy smart contracts.
This project is the work of the Ethereum Foundation, and was funded by proceeds of ether pre-sale, as well as the contributions of a global fan-base.