If you’ve ever wondered, “what is Ethereum?” or “how to buy Ethereum”, then read on for more information about its founding team, how to buy it, and the differences between Ethereum and Bitcoin.
What is Ethereum?
Before jumping right to how to buy Ethereum, it’s important to know what it is. To understand Ethereum, let’s compare it to a currency we already understand – Bitcoin. Ethereum is a decentralized platform for applications. Both Bitcoin and Ethereum are decentralized platforms, but they differ in a few key ways.
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While Bitcoin is designed to process transactions and help people exchange money, Ethereum aims to function as a kind of decentralized computer, supporting a new type of application (a “dApp”) in the process. A good analogy is to think of Ethereum as the blockchain version of the “App Store”.
Additional links for Ethereum
Vitalik Buterin on Twitter
Official GitHub whitepaper
Image credit: Ethereum logo
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