Is Ether the same as Bitcoin?

Modified on: 2017-06-13 14:57:14 -0400

Ether is similar to Bitcoin, in the sense that it is used as both a store of value and a method of payment to subsidize the costs of operating a decentralized network. The Ethereum network and the Bitcoin network are completely separate and do not have any direct relation to each other. Ethereum was created to expand on the initial decentralized concept of Bitcoin, and is used to create both simple and complex autonomous contracts and decentralized applications.

Did you find it helpful? Yes No

Can you please tell us how we can improve this article?