Ether Vs. Ethereum: What Is The Difference?
Ether vs. Ethereum: What Is the Difference? by Frederick Reese 1,191 Investors read this Ethereum is a blockchain platform and Ether is the token that powers the network built on that platform. The novelist L.M. Montgomery once wrote, Its dreadful what little things lead people to misunderstand each other. In the altcoin world, these misunderstandings tend to occur when trying to make sense of the multitude of similar terms that exist. One common headache is the casual interchangeability of terms like Ethereum, Ethers, and ethers even though they all mean something different. In the simplest terms, Ethereum refers to the decentralized platform where developers can write smart contracts , specialized programs that can perform specific acts on the Ethereum Virtual Machine, in order to perform and verify transactions to the Ethereum blockchain. Ether refers to programmable tokens that are used as currency on the Ethereum platform. This, of course, becomes confusing when you realize that ether (ETH) can also be a denomination of ether , referring to one tradeable unit, or 1,000,000,000,000,000,000 individual ether or weis. This article clarifies the differences in Ethereum terminology. To understand what Ethereum is, consider a comparison to the American economy. The Ethereum platform can be compared to the American economy in general, and the American banking system specifically. It is the rules-keeper and the referee; it is both the forum where the various transactions that make up the economy happen and the final arbitrator to those transactions validity. As there is no specific singular thing as the economy, there is no singular instance of Ethereum. Ethereum refers to the Ethereum Virtual Machine, the users computers that form the nodes of the Ethereum network, and th Continue reading >>
Bitcoin Cash, Litecoin, Ether, Oh My! Whats With All The Bitcoin Clones?
Bitcoin Cash, Litecoin, Ether, Oh My! Whats With All the Bitcoin Clones? An explainer on what exactly are altcoins, why they exist and what makes them different Bitcoins wild ride has gotten a huge amount of attention. But over the past two weeks, some of its crypto cousins, like litecoin and Bitcoin Cash, have muscled their way into the spotlight. On Tuesday, for instance, bitcoin-services company Coinbase announced it would list and support Bitcoin Cash, which is an alternative version of bitcoin that launched onAug. 1. The news sent prices of bitcoin down and Bitcoin Cash skyrocketing. Copyright 2018 Dow Jones & Company , Inc. All Rights Reserved.
Bitcoin Vs Ethereum: Differences Between Ether And Bitcoin
Bitcoin vs Ethereum: Differences between Ether and bitcoin Bitcoin vs Ethereum: Differences between Ether and bitcoin BITCOIN and Ethereum have both soared in value over the past 12 months, securing the top two spots in the cryptocurrency market. But what is the difference between bitcoin and Ether? Bitcoin (BTC) is the biggest and best-known cryptocurrency on the planet, but many experts are now tipping its main rival Ethereum to start challenging it for pole position in 2018. Ethereums digital currency, known as Ether (ETH), has soared in value over the past 12 months, appreciating by nearly 12,500 percent. This time last year, a single Ether token was worth less than ($10), compared to more than ($1,240) today (January 12). Despite its remarkable rise, Ethereum still trails far behind bitcoin, which is now worth more than ($14,000) per coin. Bitcoins market capitalisation is also almost twice as much as Ethers - ($227billion) compared to ($120billion). For those new to cryptocurrency, here is a handy guide outlining the main differences between bitcoin and Ethereum. What is Ethereum? Second largest cryptocurrency SOARS Whats the difference between bitcoin and Ether? Both bitcoin and Ether are digital currencies based on blockchain technology that can be used to send money across borders without the need for a traditional bank. The cryptocurrencies can also both be mined, unlike Ripple tokens, meaning users can earn bitcoin and Ether from home - provided they have the right equipment. Click on the following link for more information on bitcoin mining: HOW TO MINE BITCOIN However, bitcoin and Ethereum have fundamentally different purposes. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks Bitcoin was created back in 2009 as an alternative to Continue reading >>
Bitcoin, Ripple, Ether, Litecoin - Week Ahead Price Charts And Analysis
Bitcoin, Ripple, Ether, Litecoin - Week Ahead Price Charts and Analysis March 02, 2018, 02:00:00 PM EDT By Nick Cawley, DailyFX Bitcoin, Ripple, Ether, Litecoin - News and Talking Points - Bitcoin looks positive for the week ahead - Ether, Ripple and Litecoin all testing important support levels. Looking ahead, the updated BTC chart is showing signs of a further move higher as the digital token continues to trade and close above the recent downtrend with the chart also showing five 'higher highs' in a row (just at time of writing). Downside protection should kick-in at the bottom of Zone Two on the chart at $10,716, although a break below does see the top of Zone One at $9,900 come into view. A break above the 61.8% Fibonacci retracement at $10,971 leaves $11,650 the next target. The stochastic indicator has also turned higher, underpinning the current move higher. We discuss a range of cryptocurrency charts and price set-ups at our Weekly Cryptocurrency Webinar every Wednesday at 12:00 GMT. Bitcoin (BTC) Price Chart in US Dollars(September 24, 2017 - March 2, 2018) Ripple (XRP) Price Chart Showing Little Sign of Life In contrast to the momentum seen in other cryptocurrencies, the price of XRP has barely moved over the last nine trading sessions highlighting investor exhaustion and uncertainty. The main worry is that with XRP stuck in and just above an important support zone between $0.85 and $0.92, any moderate selling could force the price back down to the next level of weak support around $0.57, a sharp 30%+ loss. Lower highs are also being made, although the trading ranges currently are very tight, while the stochastic indicator is seemingly unwilling to budge from oversold territory. DailyFX analyst Paul Robinson looked at Ripple and Ethereum earlier and came away Continue reading >>
Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies
By now, you've no doubt heard about the massive bitcoin rally this year . And you may also have read about other cryptocurrencies, such as litecoin and Ethereum , surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them. All market cap and year-to-date rise figures are accurate as of December 14. But because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it "digital gold" and said it could be a long-term store of value. At the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too . But there is little evidence of widespread use of bitcoin for payments. Ethereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Take a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error. But a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed. Many major organizations are exp Continue reading >>
Trying To Overtake Bitcoin, Ether Is Chased Down By A Different Rival
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Trying to Overtake Bitcoin, Ether Is Chased Down by a Different Rival Bitcoin offshoot surging after Coinbase enables trading Ether pursuit of top spot among cryptos on hold for now The pursuer is about to get caught from behind. Bitcoin cash, a spinoff that emerged in August following a heated debate in the cryptocurrency community over how to make transactions more efficient, is on the brink of overtaking ether as the second most valuable digital coin by market value. It wasnt supposed to go like that. For months, Ethereum enthusiasts have been waiting for what they call the flippening, the day when ethers market value overtakes bitcoin. Now, its bitcoin cash thats tracked down ether, with its price surging 62 percent since Coinbase enabled trading in it Tuesday. That pushed its market cap as high as $73 billion today, compared with ethers $79 billion valuation, according to data on Coinmarketcap.com. Thats not to say ethers been slumping. Its value has soared by $50 billion since the end of October. Bitcoin, though, has almost tripled in that time to just under $300 billion. Bitcoin spinoff gains on crypto cousin ether For Roger Ver, one of the earliest promoters of bitcoin, the offshoots rise has only started -- and bitcoin itself had better watch out. By next Continue reading >>
What Is Ether?
Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>
7 Answers - What Is The Difference Between Ether And Bitcoin? How Can They Co-exist? What Is Supporting Their Price Rise, In Case It Is Not A Bubble?
What is the difference between Ether and Bitcoin? How can they co-exist? What is supporting their price rise, in case it is not a bubble? Its the same as the difference between a row-boat and a ship. Both are modes of transport. Both float on water. Yet, both have different use-cases; some of which might overlap (like transporting people). Basically, if Bitcoin is a decentralized ledger (a book containing transactions), then Ethereum is a decentralized computer (something that not only contains transactions, but can execute code called smart contracts). Bitcoin was invented first. At the time, it was a great invention. But some other geniuses borrowed the idea from bitcoin and tried to improve upon it. So, they invented Ethereumjust like our boat and ship. Both have their own niches. Thats why they coexist. Its like asking how pocket calculators and smart phones can coexist. What is supporting their price rise, in case its not a bubble Right now, less than 1% of internet users know about Bitcoin. That number has nowhere to grow but up. As more people become aware of Bitcoin and Ethereum, more of them are going to want to buy. Thats why there is solid support for their price rise. What is the difference between Ether and Bitcoin? Both are crypto currencies that are based on blockchain technology. However, both crypto currencies are independent from each other. Each of them is based on a different blockchain. Note the difference between blockchain technology as a term for referring to a general technology and the term a blockchain or a specific blockchain as a way to refer to one specific kind of using blockchain technology. This is similar to our use of the term car or cars to refer to any kind of cars and a VW or a Mercedes to refer to a specific kind of car. BitCoin a Continue reading >>
Gdax | Ethereum Faqs
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum uses a public blockchain similar to bitcoin, but also enables advanced programmable transactions types. Ether (ETH) is the primary currency on the Ethereum network. Much like bitcoin (BTC), it is created by computerized mining. Ether can be sent from one address on the Ethereum network to another, and can also be used in other transactions called "Smart contracts. Ethereum was proposed by Vitalik Buterin in a white paper . Since then many people have contributed work to the project. GDAX provides order books for both ETH/BTC and ETH/USD. You can create an account on GDAX to buy and sell ether with bitcoin, or US dollars. Bitcoin was conceived as a "apurely peer-to-peer version of electronic cash,"focusing on payments, and value transfer as its primary applications. Ethereum extends the ideas bitcoin is built on in order to provide a more generalized computational platform. This enables the creation of smart contracts, decentralized applications, and even decentralized governance applications. No. Bitcoin and Ethereum are separate protocols, and it is not possible to complete a transaction from one to the other. However, you can buy and sell ether and bitcoin separately. What happens if I send my ether to the wrong address? Dont do this. Unfortunately if you send ether to an incorrect address, it may be lost forever. Ethereum network addresses do not have the safety measures, so it is possible to lose ether if you enter an address incorrectly. Bitcoin addresses have built-in verification to prevent errors like this. A smart contract is an executable program stored on the E Continue reading >>
Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends
Cryptocurrencies can be a little confusing. Are they digital money or more like gold? Are they a new way to pay for things online or a way to store value? Those arent easy questions to answer when youre talking about hundreds of different cryptocurrencies, some old, some new, and some very different from the rest. When you focus Ethereum vs. bitcoin, though, there are some stark, obvious differences. Their age is the most obvious, with bitcoin having entered this world as the very first global cryptocurrency in 2009 and Ethereum only showing up in 2015 as a potential alternative. Although it is less proven than its predecessor, Ethereum does have a few nifty features which give it a lot more potential than its older sibling in some key areas. For the purpose of this guide, well look at two shared aspects of the cryptocurrencies: Their ability to act as a store of value and as transactional mediums. Well also take a look at some of the unique features which make them stand apart. If you want a more general look at cryptocurrencies, or the steps for how to buy , sell or trade bitcoin and Ethereum, have a read of some of our other guides. The most successful cryptocurrency for storing value continues to be bitcoin. As the most valuable coin in the world by quite some margin and the progenitor of the entire cryptocurrency revolution bitcoin has proven itself. Its far more recognized than any of its peers, and that makes it easier to buy, store, and sell. Thats not to say that Ethereum and its coin, Ether, have been ineffective. For such a young currency, Ethereum has proved to be one of the most popular. At the time of writing its market value and 24-hour trading volume are second only to Bitcoin. The actual monetary value for a single ETHhowever, is less than five percent Continue reading >>
What Is Ether? - Coindesk
CoinDesk Launches 2017 Year in Review Opinion and Analysis Series As we explored in " What is Ethereum? ", ethereumaims to function both as a kind of decentralized internet and a decentralized app store, supporting a new type of application (a "dapp") in the process. But while no one owns ethereum, the system that supports this functionality isn't free. Rather, the network needs 'ether', a unique piece of code that can beused to pay for the computational resources needed to run an application or program. Like bitcoin, ether is a digital bearer asset (similar to a security, like a bond, issued in physical form). Just like cash, it doesn't require a third party to process or approve a transaction. But instead of operating as a digital currency or payment, ether seeks to provide "fuel" for the decentralized apps on the network. While this might sound complicated, you can think of a more concrete example of how tokens might power a user experience. Let's go back to the example of a decentralized online notebook. To post, delete or modify a note, you need to pay a transaction fee in ether to get the network to process the change. In this way, 'ether' has sometimes been called 'digital oil', and taking this analogy further, ethereum transaction fees are calculated based on how much 'gas' the action requires. Each action costs an amount of gas that's based on the computational power required and how long it takes to run. A transaction costs 500 gas, for example, which is paid in ether. As an economic system, the rules for ether'seconomy are a bit open-ended. While bitcoin has a hard cap of 21 million bitcoins, ether does not have a similar limit. Of the ether that does exist, 60m was purchased by users in a 2014 crowdfunding campaign. Another 12m ether went to the Ethereum Fo Continue reading >>
Why Hodl Wont Save Bitcoin, Ether, Or Other Cryptos
Why HODL Wont Save Bitcoin, Ether, or Other Cryptos by David Rodriguez ,Quantitative Strategist Big data analysis, algorithmic trading, and retail trader sentiment. Bitcoin , Ether , Ripple , and other currencies continue to plummet for the second-consecutive weekthreatening critical support levels which seem likely to spark bigger declines. Our IG Client Sentiment continues to warn that holdings remain remarkably one-sided in the cryptocurrency space. According to IG order books, a remarkable 72 percent of traders with open positions are long Bitcoin, 96 percent are long Ripple (XRP), 89 percent are long Ether (ETH), and 85 percent are long Litecoin (LTC). We have historically used such sentiment extremes as a clear contrarian signalif everyone is long we prefer to sell and vice versa. And yet it is critical to highlight that cryptocurrency traders have thus far held onto these Bitcoin, Ether, and other cryptocurrencies with virtually no respite. This muddies our analysis of IG Client Sentiment since it is clear that a passionate core of traders seem intent on holding (or HODLing) Bitcoin, Ether, Ripple, and others as long as possible. How do we ultimately use this information in our analysis? Bitcoin Positioning Warns of Continued Weakness as Majority of Traders Continue to Buy Data source: IG Client Sentiment as shown on DailyFX.com Without clear precedent we need to fall back on what we know historically to be true: if everyone has bought there is no one left to buy. It is certainly possibleif not likelythat cryptocurrencies will rebound after posting dramatic declines. And yet the long-term picture of such heavily one-sided sentiment is worrying. Current Bitcoin and Ether traders can continue to HODL, but unless new money comes in and bids prices higher we might e Continue reading >>
What Is Ethereum? How Bitcoin's Major Rival Works | Money
Bitcoin gets the lions share of the attention in the cryptocurrency space. But Bitcoin isnt even the best-performing cryptocurrency around especially now that it has lost 40% of its value from its peak at the start of this week to around $12,000. That means Bitcoin is up around 12-fold this year. By comparison, rival Ethereum has seen its value jump more than 60 times from $8.40 at the beginning of the year to around $530, and thats counting Fridays big across-the-board slide in cryptocurrency prices. What is Ethereum? And does it deserve the same exuberance (rational or otherwise) that Bitcoin is garnering today? Heres everything you need to know. 1. Ethereum is the second-largest cryptocurrency in the world. The total value of Ether in the global marketplace is more than $53 billion . While that still pales in comparison to the $205 billion value on Bitcoins circulating around the world, ethereum is well ahead of other major digital currencies such as Ripple ($21 billion), Litecoin ($10 billion), and IOTA ($9 billion). 2. Ether can be mined like Bitcoin, but with a key difference. Both Ethereum and Bitcoin rely on so-called blockchain technology , a system in which transactions are not recorded and verified by a central bank or institution but rather by a decentralized network of cryptocurrency users. As incentive for those users to serve this function, they are allowed mine for new Bitcoin or Ether to create wealth. However, the total number of Bitcoin that is allowed to circulate in the system is capped at 21 million . And right now, its estimated that there are roughly 16 million Bitcoins in circulation. So from that perspective, Bitcoin is maturing fast. Ethereum, on the other hand, does not have a similar overall cap. There is, however, an annual limit on new is Continue reading >>
Bitcoin Vs Ethereum: Driven By Different Purposes
Bitcoin Vs Ethereum: Driven by Different Purposes Ethereum has received a lot of attention since its announcement at the North AmericanBitcoinConference in early 2014 byVitalikButerin. The natural consequence of its rising popularity has been its constant comparison toBitcoin, the first virtual currency. It is important for investors to understandthe similarities and differences between BitcoinandEthereum. Bitcoin, the first virtual currency, was born seven years back. It introduced a novel idea set out in a white paper by the mysterious SatoshiNakamoto:Bitcoinoffers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies . There are no physicalBitcoins , only balances associated with public and private keys. Over these years, the acceptance of the concept of a virtual currency has increased among regulators and government bodies.Althoughit isnt a formally recognized medium of payment or store of value, it has managed a niche for itself and continues to coexist in the financial system despite being regularly scrutinized and debated. The attempts to understandBitcoinmoreclosely resulted in the discovery of blockchain , the technology that powers it. Theblockchainis not just the hottest topic in theFinTechworld but also asought after technology in many industries. Ablockchainis a public ledger of all transactions in a given system that have ever been executed. It is constantly growing as completed blocks are added to it. The blocks are added to theblockchainin linear, chronological order through cryptography, ensuring they remain beyond the power of manipulators. Theblockchainthus stands as a tamper-proof record of all transactions on the network, accessible to all Continue reading >>
Ethereum - Wikipedia
This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality.  It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed.  "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.   Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014.  The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale.  This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).    Ethereum was initially described in a white paper by Vitalik Buterin ,  a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>