Ethereum is a cryptocurrency and blockchain platform that enables developers to build and deploy decentralized applications. It’s similar to Bitcoin in that it uses a distributed public ledger called “blockchain”, but also has some key differences.
Unlike Bitcoin, Ethereum allows you to run smart contracts: programs which execute exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Smart contracts are based on code written in Solidity (a language similar to JavaScript), Serpent (similar to Python) or LLL (a low-level Lisp-like language). If you want to learn more about them check out our article here. What makes Ethereum different from its predecessors? The most important difference is the fact that Ethereum runs smart contracts: applications which can be programmed using an international programming language called Solidity. Smart Contracts are based on code written in Solidity (a language similar to JavaScript), Serpent (similar to Python) or LLL (a low-level Lisp-like language). They run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference – so they are not controlled by any central authority like government agencies or banks but instead trustless peer-to-peer networks run by many users around the world simultaneously! This means there is no single point of failure for your contract like there would be if it was running on a centralized server hosted by one company. Instead it will continue running even when the entire network fails! This means your contract can never get hacked and all funds remain safe inside your wallet at all times – even if the whole network goes down! You can read more about this here: https://www.ethereumworldnews.com/ethereum/what_makes_ethereums_smart_contracts_different/. What is the difference between Ethereum and Bitcoin? While both are digital currencies, they serve very different purposes. Ethereum has a much broader use case than just being a currency: it can be used to codify, decentralize, secure and trade virtually any form of asset. This opens up the possibility to create truly innovative ways for organizations to structure their businesses on top of this technology stack – something that will have huge implications across many industries in the future. For example, you can read more about how this could work here: https://www.ethereumworldnews.com/ethereum-vs-bitcoin-what-is-the-difference/ How do I get started with Ethereum? There are two main ways you can get started with Ethereum: 1) You can mine it yourself (see below). 2) You can purchase it from an exchange like Coinbase or Gemini (which we recommend). If you want to start mining your own coins then check out our guide here! Otherwise if you want to purchase some ETH then check out our article here! . What is Ethereum mining? Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (and a “mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining.” This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. How do I get started with Ethereum mining? You can start by buying an ASIC miner – these are specialized computers designed specifically for bitcoin and ethereum mining, with high hash rates and low power consumption. However, you will need access to cheap electricity in order to be able to mine effectively at this level – if you want more information on how much power your specific hardware needs then check out our guide here! You can also join pools like Nicehash or Slush Pool which allow you mine directly against other miners around the world – however, these tend not only cost money but also require access to cheap electricity in order for them work well! If you want more information on how exactly this works then check out our article here: https://www.ethereumworldnews.com/ethereum-vs-bitcoin-what-is-the-difference/.
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