It is a well-known fact in the industry that the Ethereum comes immediately after Bitcoin in the list of the best cryptocurrencies currently in use. Ethereum was launched by Vitalik Buterin six years after Bitcoin came to being, and ever since its release date in that year 2015, and it has risen over these past years. In the cryptocurrency industry, this coin is one of the most sought after currencies. Bitcoin and Ethereum are both hitting it big in the market. Although the latter differs from the former with its framework, the Ethereum framework is designed to support decentralized apps. This is the reason Ethereum users are open to great features like smart contracts and decentralized governance. The Ethereum is also different from Bitcoin through a manner called state transitions in which it operates via accounts and balances.
This cryptocurrency also stands different from all other cryptocurrencies in the market. Because its communities are one of the few most active developer communities across the globe, another distinctive characteristic of Ethereum is that a blockchain is responsible for the validity of each Ether. This blockchain is an open but yet secured ledger. It permanently records the transaction between two traders and keeps it safe. The blockchain, however, shows resistance to the modification of data. Ethereum is free of fraud, interference, and control from a third party. It is, therefore, not surprising to find reputable brands like Amazon and Microsoft Asure placing their bets on this coin.
