What is the Difference b/w Ethereum & Ether
In this blog, we will discuss about the difference between Ethereum & Ether.
Ethereum: - Ethereum is a type of cryptocurrency- like bitcoin. Ethereum is an open software platform built on blockchain technology. It enables developers to create and deploy decentralized applications using smart contracts. Ethereum Token is also known as ERC20. many companies provide erc20 token creation service at affordable prices.
5 Advantages of using Ethereum
· It's not regulated by government entities.
· It's developed with open source.
· It's very hard to fake.
· It's cheaper.
6 Ethereum Token Standards That You Need to Know
Ether: - Ether is also called programmable money. Cryptocurrency used to power the Ethereum network is called Ether. Ether is used to run applications on the ethereum blockchain. Ether used in DApps, generating tokens in ICOs, facilitating transactions on the ethereum blockchain. Ether is the solution to the issue of payment. In cash, it doesn't require a third party to process or approve transactions
Advantage of Ether
Ether has been a good investment
Ether helps developers to start new blockchain projects.
Full support the crypto industry
Ether is the solution to the issue of payment
Little difference between Ethereum v/s Ether
Ethereum is the platform and Ether is the fuel that powers the platform
Ether is bought & sold – not Ethereum.
Ethererum has various applications.
Ether has only one application = enable operations on the Ethereum blockchain
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