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Ethereum, which was created in 2015 by Vitalik Buterin, is a cryptocurrency that provides ether tokens. This is equivalent to the bitcoins in the Bitcoin network . Ether is used to build and deploy decentralized applications whose back-end code is placed in a distributed peer-to-peer network.

The difference between Ethereum and Bitcoin is the fact that Bitcoin is nothing more than a currency, whereas Ethereum is a ledger technology that companies are using to build new programs . Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum’s is far more robust.

Well, the world’s second-largest crypto has a slightly different set-up from bitcoin. Whereas only 21 million BTC will ever exist, ether’s circulating supply currently stands at 120 million .