“Ethereum” refers to the decentralized platform that runs smart contracts for “Ether”.

On the other hand, “Ether” is a Token used within the network and is created by computerized mining.

Users can send and receive Ether and it has its own value to be exchanged with other currencies like Bitcoin, USD and EUR.

Ethereum network was created in 2013 following the success of Bitcoin.

Its base protocol is very similar, but Ethereum is introduced with better protocol and service using more generalized computational platform.