Ethereum Blockchain is simply an advanced version of Bitcoin’s Blockchain which uses smart contracts to provide a platform that can be used by everyone to creates his own decentralized application. Ethereum blockchain enables a new web where there are no restrictions, censorship, downtime, and fraud.
Vitalik came up with an idea that Blockchain technology which belongs to the Bitcoin can be used more than a digital currency. Today with the help of Ethereum you can develop an application on the top of Blockchain Technology. There are 1875 Dapps working on Ethereum Blockchain.
Bitcoin and Ethereum are similar to some extent. Ethereum is also a public ledger just like Bitcoin but there is a difference in purpose and capability. Bitcoin is just a part of Blockchain Technology which enables a transactional system with the help of peer-to-peer and encryption by Blockchain Technology. Ethereum blockchain focuses on to provide the running of programming code for any decentralized application.
There is applied transaction fees which are called gas and every smart contract execution requires some amount of Gas which used to pay miners.
“Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example of a similar situation, e-mail is one particular use of the internet, and for sure helped popularise it, but there are many others.” Dr. Gavin Wood, Ethereum Co-Founder
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