"What is Ethereum?" and other answers to basic questions about the Ethereum network

  • What is Ethereum?
    • Ethereum is a distributed public block chain network that focuses on running the programming code of any decentralized application. More simply, it is a platform for sharing information across the globe that cannot be manipulated or changed.
  • How is it different than bitcoin?
    • Bitcoin was a pioneer in the block chain revolution by establishing a public, permissionless, distributed ledger system to validate, store, and replicate transaction data on computers all over the world. Ethereum expands these concepts by harnessing that same block chain capability for computer code. While Bitcoin offers one particular application of block chain technology, a peer-to-peer electronic cash system, Ethereum allows for scripts of code to be run as a global computational network. This concept has a wide range of potential applications such as voting, global supply chains, medical records, the financial system -- the opportunities are endless.
  • What is ether?
    • Ether is a decentralized digital currency, also known as ETH. In addition to being a tradeable cryptocurrency, ether powers the Ethereum network by paying for transaction fees and computational services. Ether is paving the way for a more intelligent financial platform.
  • Why is this interesting and valuable for me to be involved in? 
    • You asked -- we listened! Many of our users have expressed interest in expanding their access to other digital currencies. The addition of ether as a new currency in our wallet enables you and millions around the globe to transact, save, and hedge their way to a better financial future.
  • Where is the value in Ethereum derived from?
    • Ethereum is useful and valuable because of its ability to have a wide variety of intelligent applications built on top of it, including anything from financial contracts to voting and governance applications. Today, the authentication for these processes can take days or even weeks. With Ethereum, verification is almost instant. As the platform grows, it could continue to change the way we do business and transact on a daily basis. We want to give you the opportunity to start using ether on the Ethereum block chain now, so you'll be ready for what the future brings.
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