Ethereum: history and cryptocurrency features

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genius Vitalik Buterin created a cryptocurrency which was ranked second after Bitcoin in 2014.

Ethereum itself is a public peer-to-peer network or the blockchain, while the digital currency itself is called Ether.

The purpose of creating Ethereum is to become a platform where smart contracts can be created and run.

in short, created virtual currency Ethereum is to become a world computer.

If you prefer Ethereum rather than Bitcoin, then you can use a MyEtherWallet digital wallet that is made specifically for cryptocurrency Ethereum.

Ethereum was first revealed to the public in 2013 in a whitepaper by Vitalik Buterin, a Bitcoin developer at the time.

Because of the belief that Bitcoin is still narrowly used, Buterin intends to make a cryptocurrency that is easier to "adjust".

The aim is to create digital currencies that not only function like Bitcoin, but also have a smart contract feature that can be used to automatically determine when payments are made.

Because this project cannot be applied in Bitcoin, Buterin created Ethereum in 2014 to realize his dream.

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Many people wonder, what's the difference between Ethereum and Bitcoin? After all, cryptocurrency is the same.

The fundamental difference with Bitcoin is, Ethereum can not only process transactions, but also complex contracts and programs. This convenience makes Ethereum an extraordinary instrument perfect for the blockchain application.

In addition, Bitcoin is intended to keep a list of balances and transactions on the blockchain, while the Ethereum blockchain is designed to store various types of data.

Why Ethereum (ETH) can reach the highest value of $ 3000 - aren't there too many upcoming blockchain projects that all seem to claim to be "Ethereum killers". This has reached the point where people begin to think that there is no future for Ethereum (ETH). But does that really happen? While Ethereum has its drawbacks, it is still one of the most dense cryptos on the market.

However, Ethereum can surprise investors by appearing as one of the best players of the year. The signs are already there. For example, there is new news that South Korea can legalize ICO again. Considering that South Korea is one of the largest cryptocurrency markets in the world, this step will emerge in the number of ICOs launched on the EthEREum blockchain.