When it comes to Ether and Ethereum, there is a lot of confusion surrounding these two digital assets. For the most part, this is because they are often used interchangeably.
While they are both based on blockchain technology, there are some key differences that set them apart. Here is a closer look at the difference between Ether and Ethereum.
Ethereum is a decentralized platform that runs smart contracts. These contracts are applications that run exactly as programmed without any possibility of fraud or third-party interference.
NOTE: WARNING: It is important to note the difference between Ether and Ethereum. Ether is a cryptocurrency, while Ethereum is a decentralized platform that runs smart contracts. If you are investing in either of these, be sure to do your research and understand the risks associated with investing.
Ether is the native cryptocurrency of the Ethereum network and is used to pay for transaction fees and gas.
While both Ether and Ethereum are based on blockchain technology, Ethereum has much more functionality than just being a digital currency. The Ethereum network can be used to create decentralized applications and run smart contracts.
This makes Ethereum much more versatile than just being a digital currency like Bitcoin.
The main difference between Ether and Ethereum is that Ether is only used as a currency on the Ethereum network while Ethereum has a wide range of uses beyond just being a digital currency.
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In the cryptocurrency world, Ethereum and Ether are often used interchangeably. However, they are not the same thing. Ether is the native cryptocurrency of the Ethereum network.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ether is the native cryptocurrency of the Ethereum network. It is used to pay for transaction fees and computational services on the Ethereum network. Ether is used as a fuel for smart contracts on the Ethereum network.
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 how the Internet was supposed to work. It is a censorship-resistant platform where developers can build next-generation applications without having to worry about fraud or third-party interference.
Quorum is an enterprise-focused version of Ethereum. It’s a permissioned blockchain platform that’s ideal for building enterprise applications. Quorum is a fork of the Go Ethereum client, and it’s developed by JPMorgan Chase.
As of September 2018, the highest price ever for Ethereum was $1,417.38. This record was set on January 4th, 2018. While Ethereum prices have fluctuated since then, this high point represents a significant milestone for the cryptocurrency.
