What is Ethereum?


Get to know Ethereum(ETH) & Bitcoins(BTC)

About the Ethereum

Ethereum was built to be a sort of new and improved version of  Bitcoin (BTC) and to do things that Bitcoin couldn't and do the original aim with  Ethereum   was to create not just a  decentralized money but essentially a decentralized global computer that could do computational problems

Ethereum has its own currency called ether (ETH). 

The ether there are really there to serve as sort of gas for the computations that are going on on this network of computers that are running Ethereum. 

Ethereum  is a decentralized application platform its parent bitcoin is more of a platform for transmission and storage value so bitcoin was essentially a   an experiment in monetary theory gone wildly successful.

You can think of  Ethereum as a decentralized world-wide-web (WWW) it will eventually be able to run all the different kinds of applications that we see on the worldwide web the end of the day  it's kind of fabric for working with somewhat   you colonel was described as being a kind of new internet infrastructure eventually run a Facebook like application the differences that it would be peer-to-peer   decentralized rather than a client-server type architecture ownership of data ownership of communications  or informational emissions will rest with the users of the system rather than the owners of a company like Facebook i think metallic knows what that he's building a giant globally distributed re-programmable supercomputer on a scale of mankind has ever seen before and he's doing it through a mechanism which initially supports this concept of smart contracts and issues a token just like Bitcoin so there's value being created by the mining that we're doing but the biggest difference is that if they're in produces minds that are re-programmable.

Two tasks that we don't necessarily know what they're gonna they're gonna do yet one of the highest ambitions of Ethereum.

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What is Ethereum?

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