Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Ethereum is a platform for creating distributed applications (dApps) and smart contracts. It is powered by the Ethereum Virtual Machine (EVM), which is a blockchain-based distributed computing platform. Ethereum enables users to create and run decentralized applications (dApps) and smart contracts without any third-party interference.
For example, Ethereum could be used to create a decentralized crowdfunding platform. This platform would allow people to create projects and accept donations from the public in a secure and transparent way. All donations would be stored in a smart contract, and the money would only be released to the project creator when certain conditions are met. This would eliminate the need for a third-party to manage the funds, and would ensure that the funds are only released when the project is completed.