Thursday, August 10, 2017

The ultimate, 2000-word, plain English guide to Ethereum

Although ‘Bitcoin’ and ‘Ethereum’ are terms that are often paired together, the reality is that they are vastly different. The only thing Ethereum shares with Bitcoin is that it’s a cryptoasset running on top of blockchain. Instead of being just a cryptocurrency, like Bitcoin, Ethereum also has features which effectively makes it a huge decentralized computer. To understand Ethereum, one must understand how blockchain works. If you already understand it, or have already read my ultimate guide to understand blockchain, feel free to go directly to the next section. What is a blockchain? A blockchain, simply put, is a database. It’s…

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