Ethereum is a decentralized technology released in 2015 by its founders, Vitalik Buterin, Gavin Wood and their team. Just like Bitcoin, Ethereum has its own publicly distributed network called the Ethereum Blockchain. However, the capability and purpose of Ethereum and Bitcoin are also vastly different.
Generally, Bitcoin offers a particular application of Blockchain as in peer-to-peer digital payment system, Bitcoin payments. The Bitcoin Blockchain is also used in tracking Bitcoin ownership. On the other hand, the Ethereum Blockchain's main function is to support decentralized programming. On the part of mining, Ethereum also shares the ability to be mined like Bitcoin, the product of mining is Ether (ETH) which is a cryptocurrency that can be used as a trading currency, transaction fee, and many other services on Ethereum network. Currently, Ether has no mining limits, which is the opposite of the Bitcoin limit of 21 million BTC.
One of the most powerful features of Ethereum is the smart contract which is not a function available in Bitcoin. Smart contracts help facilitates and automates the exchange and transfer of anything coded into the contract. Moreover, the ability Smart contract is not limited only to the exchanging of something, but there are limitless possibilities as Ethereum allows developers any kind of applications they want.
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