Ethereum is another cryptocurrency, but when people speak of Ethereum, they are normally talking about “ether.” Ether is the currency or token part of the Ethereum system, which is a way to run computational applications across multitudes of nodes on the Internet, in an anonymous fashion. The ether in the Ethereum system is simply the token by which to accept a non-trusting arrangement. In other words, it allows a standardized transaction between 2 parties. Ethereum is the second-largest crypto currency across the Internet, as the Ethereum system has been up for several years. The market uses a smart wallet as most cryptocurrencies do, and it also is prone to speculation. However, a significant hack of the DAO, or the Decentralized Autonomous Organization in June 2016 had someone claiming $50 million in ether. Because of this, there was a split in we now have the original block chain called Ethereum Classic, and the newer block chain simply called Ethereum.