Ethereum is the second largest cryptocurrency platform by market capitalization, behind Bitcoin.
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It is a decentralized open source blockchainfeaturing smart contract functionality. Ether is the cryptocurrency generated by Ethereum miners as a reward for computations performed to secure the blockchain. As of May 2020, Ethereum serves as the platform for over 260,000 different cryptocurrencies, including 3 of the top 10 cryptocurrencies by market capitalization: Tether, Binance Coin and Ethereum itself.