Ethereum, also known as the Queen of cryptocurrencies, takes the technology behind Bitcoin, Blockchain, and uses it to become more than just another Cryptocurrency. Ether, the token or currency generated by Etherium is used to power a decentralized, world-wide network and a completely independant app store. It allows people to enter into agreements through “Smart Contracts” which negate the need for a brokering party. All this helps to make Ether one of the strongest cryptocurrencies to date.
Ethereum aim is to make everyday life that bit more efficient and cost effective, by automating daily processes and creating a system without the middlemen. This could be used in not just the financial system, but also in the legal system, computer systems or more.
Bitcoin aims to be a digital gold if you will, that will eventually become a globally adopted currency which could replace or be an option to people to the conventional money. Ethereum is to become a platform based on smart contracts where decentralised apps can run.
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