Q. What is the difference between ether and ethereum?
What is the difference between ether and ethereum?
answered by yaroslavforce
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed.
answered by chinnoye.okafar
Asked in CategoryEthereum
A virtual currency named ether grew alongside bitcoin. Ether is the fuel that powers Ethereum. Bitcoin and Ethereum are at times considered to be similar but that's not entirely true, as bitcoin is a cryptocurrency, whereas Ethereum is a development platform. Ethereum is considered to be the largest and the most well-established, open-ended decentralized software platform. Ether is like a vehicle for moving around on the Ethereum platform and is sought by developers to develop and run application inside Ethereum.
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