Ethereum is an industry-agnostic blockchain platform, that can be used to create token-based cryptocurrencies or blockchain-enabled decentralised applications, otherwise referred to as Dapps.
Ether, on the other hand, is the cryptocurrency token that is bought and sold on Ethereum, which in turn powers the Ethereum platform.
Ether shares many of the same features as Bitcoin, in that it is purely digital, and can be sent to anyone, anywhere in the world, instantly.
And just as with Bitcoin, as well as other cryptocurrencies, the supply of Ether is not controlled by a central governing body, such as a government or company - it is instead decentralised and scarce.
Ether is one of the most popular of all cryptocurrencies and is used by people all over the world to make payments, as a store of value, or as collateral.
Getting back to Ethereum
As with Hyperledger, Ethereum does not limit its users to one set of pre-defined operations e.g. facilitating cryptocurrency transactions. Ethereum is programmable, which means that developers can use it to build new kinds of decentralized applications. Many of which you can use today, for example:
- Financial applications that let you borrow, lend, or invest your digital currencies
- Decentralized markets, that let you trade digital currencies, or even trade “predictions” about events in the real world
- Games where you own in-game assets, and can even make real money
And much more..