Ethereum is one of the cryptocurrencies that many people see as potentially overtaking Bitcoin as the dominant coin in the market. The coin value of Ethereum is known as “Ether”. Ethereum works in a similar way as Bitcoin. We can buy and sell it to other potential investors with confirmations for transactions handled over the blockchain. However, the major difference between these two currencies is that Ethereum is a ledger technology that firms can use to create and run applications, including smart contracts. Bitcoin, right now, solely is a digital currency which is designed to facilitate payment or store values.
Ethereum has cast an enormous shadow during its short time in the spotlight. The trading price of Ethereum was $1200 in January 2018. The price has grown thousands throughout last year. Besides, international corporations, such as JP Morgan Chase and Microsoft, are now encouraging their employees to learn more about Ethereum so as to leverage this technology to alleviate some of their existing problems of their clients.
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