What is Crypto?
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
What is Ethereum (ETH)?
Ethereum (ETH) is a leading public blockchain network that introduced smart contracts, decentralized applications (dApps), and other decentralized solutions to the cryptocurrency industry.
Check the Ethereum price page for more details on the current ETH value, trends, and price history.
The Ethereum network's native cryptocurrency, Ether (ETH), serves as the primary cryptocurrency for powering applications built on top of its blockchain.
Ether is the second-largest cryptocurrency by market capitalization, behind bitcoin (BTC). While many people often compare Ethereum and Bitcoin, the two are significantly different implementations of blockchain technology.
Unlike Bitcoin, Ethereum is not just for preserving or transferring value. Its blockchain provides powerful tools for developers to create and deploy their own interoperable, decentralized assets and services. A core concept behind Ethereum and its various applications is that there are no central authorities to enforce the network. This fact means the network users themselves control decisions made for the group.
The creator of Ethereum, Vitalik Buterin, once described Bitcoin as a pocket calculator and Ethereum as a smartphone. Bitcoin's design means it can perform a single function very well — transferring value. Ethereum developers, on the other hand, can create complex applications with nearly endless capabilities.