Ethereum is currently the second most valuable digital currency after Bitcoin. The technology used by Ethereum was first described in 2013 by the then-19-year-old Vitalik Buterin - a Bitcoin programmer. Buterin saw it as an improved version of Bitcoin. Decentralized payment system with its own cryptocurrency (ether), which enables anonymous payments over the Internet without the intervention of a bank or a third party. The transactions are stored in a decentralized ledger that can be viewed by anyone, this is the so-called blockchain technology. Ethereum is not only a strictly digital currency, it is much more than that. It functions as a platform where smart contracts run. There are no transaction fees. This can be especially important for those who live in countries where the legal system is corrupt or inefficient.
The following wallets support Ethereum:
Geth: Client implementation in Go
Jaxx: Web wallet
KeepKey: Hardware wallet
Ledger Nano S: Hardware wallet
Mist: Desktop wallet
Parity: Client implementation in Rust
Ethereum, like other cryptocurrencies, is known for being completely anonymous and safe from fraud and theft, as transactions are recorded in a digital ledger. Users can move huge amounts of money without paying fees to intermediaries.
Ether can be spent in a handful of online stores and with the help of cryptocurrency bank cards (Mastercard, Visa), which convert our cryptocurrency into easily spendable money.