الكاتب
Ethereum (ETH) is an open source software platform based on blockchain technology, which enables developers to build and release decentralized applications. It's actually more than just a digital currency, it's just one part of the Ethereum offering. So, then is it the same as Bitcoin? Well, the answer is yes and no!
Both Ethereum and Bitcoin share the fact that they were built using public, distributed network technology - known as blockchain or cascading blocks - but this is where the similarity ends. Bitcoin introduces a single app - a peer-to-peer digital currency system that allows online payments. It is actually a currency in its most basic form.
While Bitcoin uses blockchain technology to track who owns Bitcoin, Ethereum uses the blockchain as a platform to run almost any decentralized application. Bloomberg once described it as "a common program that can be used by everyone but is resistant to manipulation." Hence the possibilities are truly endless!
Where did Ethereum come from and who invented it?
Ethereum was originally created by Vitalik Buterin, a cryptocurrency researcher and programmer who previously worked on Bitcoin in 2013. An online crowdfunding crowd held in 2014 formed the main part of the platform's funding. The system went live on July 30, 2015, and was crammed with 11.5 million Ethereum coins ready for a trial.
How does Ethereum work?
In blockchain Ethereum, unlike from Bitcoin "mining", users are earning Ethereum, a type of digital currency that feeds a wider network. In addition to being a tradable cryptocurrency, Ethereum is also used by developers to pay for services on the Ethereum network.