What is Ethereum?

What is Ethereum?

Ethereum (ETH) is a platform created to develop decentralized applications that are based on blockchain using smart contracts. According to its structure, Ethereum is a single decentralized virtual machine, which has its own currency of calculations – Ethereum. It should be noted that the ETH rate is growing fast enough, which attracts users from all over the world.

It is also a programming language that opened completely new possibilities for developers of online applications and software. That’s why many users call Ethereum a next-generation technology. A significant advantage is that the kernel of the system was written by the most famous platforms for creating applications, including Go, Haskell, C ++, Python, JavaScript, node.js, Java, and the system is suitable for work with all operating systems, which is significant expands the scope of use.

What is the difference between Ethereum and Bitcoin?

In their structure, they are quite similar, while significantly different in the field of activity. The main idea of Bitcoin is the exclusion of centralized management of payment systems. At the same time, Ethereum is an extensive platform with flexible settings, which will be an ideal solution for developing applications with personal currency and decentralized services.

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