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Ethereum is a decentralized cryptocurrency exchange platform that allows users to send digital assets anywhere for a small fee. Its onboard currency is Ether or ETH, second only to bitcoin in popularity. Ethereum's primary purpose is to allow participants to exchange digital assets and cryptocurrency privately. It creates a peer-to-peer network that executes a smart contract, which is an application code that gives users the ability to conduct transactions without the intervention of a government or financial institution. Ethereum is programmable and open-source and can be modified to allow the exchange of many types of digital assets, including Bitcoin. Ethereum is accessible over several applications and available worldwide to anyone with internet capability.

Both Ethereum and Bitcoin are cryptocurrencies built on blockchain technology. Ethereum is a blockchain ledger technology used to house and exchange digital assets, including smart contracts, DeFi, and Non Fungible Tokens (NFTs). Its primary currency is Ether (ETH), but it's also capable of housing and exchanging other cryptocurrencies. Bitcoin is strictly a cryptocurrency. It was designed to be used over the internet, free from governmental or institutional involvement. Its popularity and value have grown over the years, and it's becoming more widely used as a tool for investment. Each unit of Bitcoin carries its own built-in ledger with it, wherever it's transferred. Each time a unit is exchanged, a new ledger record is added to that unique Bitcoin, making counterfeiting nearly impossible.

Dapps are blockchain-driven applications that operate in a decentralized environment. The fundamental principles of Dapps are similar to those of cryptocurrency. The application exists on a blockchain and a series of "sidechains" that interconnect to form a fully-functional application. Traditional applications rely on a client-server relationship. You use an app on your device or computer, and the information synchronizes with a central server somewhere, making your data viewable by the company that owns the server. The code elements of a Dapp can exist across numerous computers. Any user who operates a Dapp also has to agree to allow Dapp elements for other users on their system, offering additional privacy. Scattering the assets across multiple, unrelated computers keeps users’ data from being viewable by anyone but them.