What is it?
Ethereum blockchain is a smart contract platform that allows building decentralized applications (DApps), with ether (ETH) being the platform’s native digital currency.
First conceptualized by Vitalik Buterin in 2013, Ethereum blockchain introduced a concept of smart contracts, a self-operating computer program that executes by itself when specific conditions are met, all without any possibility of downtime, censorship, fraud or third-party interference.
The Ethereum platform is used to build DApps, which can be anything ranging from issuing new assets and creating web apps to building decentralized autonomous organizations that anyone can freely join at any time.
Ethereum’s native currency ether is also useful as a means of payment as it can be sent to anyone in the world in seconds. That’s one of the reasons why ether is being used as a currency for making or accepting online payments more often than ever before.
CoinGate not only allows to buy, sell or accept ethers but also provides ways to spend them casually.