Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is used to build decentralized applications (dapps) on its platform. It’s also used as a cryptocurrency, similar to Bitcoin.
In fact, Ethereum and Bitcoin are often compared because they’re both based on blockchain technology.
But there are also some major differences between the two. For one, Ethereum can process much more complex contracts and applications than Bitcoin.
This is because Ethereum uses a “Turing complete” programming language, which allows it to run any type of program.
This flexibility has led to the development of a whole host of Ethereum-based dapps, from decentralized exchanges to social networks. It’s also attracted the attention of some major corporations, including Microsoft and IBM.
Another key difference is that Ethereum has a built-in programming language, which makes it much easier to develop dapps on its platform. This is in contrast to Bitcoin, which requires developers to use a different programming language (like C++).
Finally, Ethereum plans to switch from a “proof of work” consensus algorithm to a “proof of stake” algorithm. This will make it much more energy efficient and could potentially make it faster and cheaper to process transactions.
So, can you mine Ethereum on Awesome Miner? The short answer is yes! Awesome Miner is a Windows application that can be used to manage and monitor mining operations for a variety of cryptocurrencies, including Ethereum.