What is Ethereum and who is Vitalik Buterin?
Beginnings of the Ethereum Universe
Launched on 30th July 2015, Ethereum is a cryptocurrency based on the blockchain.
Founded by Vitalik Buterin and Joseph Lubin, it is sometimes considered a second version of Bitcoin.
Though Bitcoin and Ethereum are both decentralised currencies based blockchain, there are significant differences between the two.
What’s the difference?
A good way to understand the differences between the two is to recognise that each have their own goals and purpose. While Bitcoin was and still intends to be a digital currency based on the blockchain, Ethereum has sought to create an entire network within itself.
In fact, each Ether can be designed to represent a range of different things. It can represent currency, an asset, a digital share or even proof of membership in digital organisations.
According to the website, any user can build
- A tradable token with a fixed supply
- A central bank that can issue money
- A puzzle-based cryptocurrency
Additionally, this currency offers the opportunity to build entire organisations, associations and even countries if an individual desired. Yes, you read correctly. Countries.
To read more, please click on the link below…
Source: What is Ethereum and Who is Vitalik Buterin? – Bitcoin Australia
