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Unlike bitcoin, which is primarily designed as a digital cash system, Ethereum is programmable, giving developers the ability to build decentralized applications (dapps) and services on its network.[2]
These decentralized applications leverage the transaction capabilities of cryptocurrencies, the programmability of smart contracts, and blockchain technology. They are reliable and predictable, meaning that once they are deployed (mined) on Ethereum, they will always execute as programmed.
They can control digital assets to create new types of financial applications. They can be decentralized, meaning no single entity or person controls them.
Some applications of Ethereum include:
Cryptocurrency wallets for making payments with Ether (ETH) or other assets (tokens).
Financial applications for borrowing, lending, or investing digital assets.