What is Ether?
Ethereum's Ether is the second most popular cryptocurrency behind the famous Bitcoin.
Some information about Ethereum's:
The Ethereum Project created Ether coin in 2014.
A token whose purpose is to pay for computation and is not intended to be used as or considered a currency, asset, share or anything else.
Since last year Ehter value increased over 1400% more.
Ether has been very volatile recently, plunging from ~$300 to just $0.10 and back up again in just one day.
Blockchain users from buying or selling during the roller coaster.
Ether relies on blockchain technology, a powerful global data infrastructure that transfers values and ownerships online.
Transactions are publicly logged online and thus prevents counterfeiting and fraud.
What makes Ether even better than Bitcoin is it's "Smart Contact" technology?
It allows users to custom design contractual agreements that automatically trigger without the need for service providers like lawyers, banks etc.
This could revolutions all kinds of transactions and organizations as we know it, making them more personalized, automatic, efficient and accessible to people.
Ether is becoming very popular among big corporations like Barclays who trades derivatives with Ethereun's smart contacts.
So while Bitcoin is a new digital currency, Ethers are token used to power a new digital economy.
What's The Difference?
It seems both will be useful in the future.
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