WHAT IS ETHEREUM?Ethereum is a technology first developed by Vitalik Buterin, a former Bitcoin programmer in 2013.
After Bitcoin, ether (the currency of Ethereum) is the second most valuable form of digital money.
Ethereum uses a decentralized payment network that allows payments to be sent anonymously across the internet without the need for a bank.
Transactions made through Ethereum are stored in a blockchain, where they are visible for everyone else in the network to see.
Ethereum has more than quadrupled in value from around $700 at the beginning of 2021.
Some analysts have said it could eventually overtake Bitcoin as the dominant coin in the market.
One ether is now worth roughly $3,300.