Ethereum (ETH)


What is Ethereum ?

Ethereum is a distributed public blockchain network that enables smart contracts and decentralised applications (Dapps) to be run and accessed by anyone in the world. 

How is it different than bitcoin?

Bitcoin was a pioneer in the blockchain revolution by establishing a public, permissionless, distributed ledger system to validate, store, and replicate transaction data on computers all over the world. 

Ethereum expands these concepts by harnessing the underlying idea of a decentralised network, but expanding it to service computer code.  

While Bitcoin offers one particular application of blockchain technology, a peer-to-peer electronic cash system, Ethereum allows users to develop applications on the platform that offer services such as voting, gaming, managing medical & financial records etc.

What is ether?

Ether is a decentralised digital currency, also known as ETH. In addition to being a tradable cryptocurrency, Ether powers the Ethereum network by paying for transaction fees and computational services. 

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