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

·        Smart contracts guarantee security.
·         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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