Ethereum and Ether. What do you need to know about it?
What is Ethereum and what is Ether?
In everyday usage, Ether and Ethereum are synonyms, although they are not exactly the same.
Ethereum is a complex decentralized platform of applications based on the blockchain technology. In simple words, Ethereum is a big database with a publicly available source code. The official web-site of the platform is ethereum.org.
Ether (ticker: ETH) is a token directly connected with Ethereum. In particular, operators (miners) that support the network operation receive Ether as remuneration. Ether is often called ‘cryptocurrency’, although it is more correct to call it ‘token’, which gives the right to use services provided in the Ethereum platform.
You can find basic information about Ethereum and Ether in this article:
- Ethereum network history;
- how the network operates;
- where Ethers are taken from;
- what the difference between Bitcoin and Ether is;
- what smart contracts are;
- whether it makes sense to buy Ether;
- where to learn about the Ether capitalization;
- what the current ETH/USD exchange rate is;
- Ethereum prospects;
- why the ETH price changes;
- exchange rate forecasts.