What Is Ethereum?
Ether is the native cryptocurrency of Ethereum. Released in 2015, Ethereum is designed to be a general purpose blockchain platform. That’s in contrast to Bitcoin, which excels in its single use case as a digital currency, but isn’t as extensible.
ETF.com Insight and Analysis
Ether is the native cryptocurrency of Ethereum. Released in 2015, Ethereum is designed to be a general purpose blockchain platform. That’s in contrast to Bitcoin, which excels in its single use case as a digital currency, but isn’t as extensible.
Vitalik Buterin, the creator of Ethereum, has likened Bitcoin to a pocket calculator and Ethereum to a smartphone.
In other words, a pocket calculator does its job well, but a smartphone can contain a variety of applications—one of which could be a calculator app. It’s this open-endedness that has put Ethereum squarely at the center of much of the innovation currently taking place in the crypto space. From decentralized finance (DeFi) to nonfungible tokens (NFTs) to decentralized autonomous organizations (DAOs)—a lot of the excitement in crypto is happening on Ethereum