Vitalik Buterin conceived and executed Ethereum after realizing the potential of blockchain and bitcoin. Ethereum aims to employ blockchain to enable the effortless creation of decentralized apps (dApps). The platform is considered to be a Turing complete system whose digital token is Ether. Gas is another currency offered by this network, and it is used in exchange for the network's services.
The network was split into Ethereum and Ethereum classic when a cyber attack led to a loss of $50 Million in Ether.