Ethereum The Ultimate Guide For Beginner's
The popularity of Ethereum has risen so much over the years that many experts say that it is a better investment than Bitcoin.
What started as blockchain being synonymous with Bitcoin, is no longer the case
The popularity of the Ethereum coin has risen so much over the years that many experts say that it is a better investment than Bitcoin.
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In simple words – Ethereum coin is a digital currency that runs on a blockchain and executes smart contracts.
Smart contracts work like how traditional contracts work, that is execute the payment based on the fulfillment of pre-defined criteria.
Ethereum is the blockchain technology and Ether is the cryptocurrency that operates on it.
As an example, consider Ethereum to be the Internet and Ether to be one of the products emerging out of it.
The developer of the Ethereum coin blockchain is Vitalik Buterin who created Ethereum with the intention of it serving as the programming language to write applications on the blockchain
It is designed in such a way that developers can write software that automatically manages transactions and it’s outcomes. This is called a ‘Smart Contract’.
Once the conditions are fulfilled, the points mentioned in the Ethereum smart contract get automatically executed.
Through smart contracts, one can keep the deal completely transparent, avoid delays and fully automate the process without the need for human intervention repeatedly.
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