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- The nodes store and maintain a shared database called a blockchain.
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All products and services are presented without warranty. Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year.
However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact and more. In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value.
Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder.
- Ethereum created a more robust blockchain to Bitcoin, allowing developers to create their own digital value and agreements through smart contracts, and now hosts the majority of the altcoin market.
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Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether the actual monetary unit of Ethereum.
Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. Check it out. Table of Contents.