Ether is the second largest cryptocurrency by market capitalisation behind bitcoin. Its current
market cap stands at $223 billion, representing approximately 18% of the total cryptocurrency
market1
.
Conceived in 2013 and created in 2015, the blockchain network Ethereum has grown in
innovation and utility. Different from Bitcoin’s primary function as a peer-to-peer electronic
cash system and anti-fiat asset that could act as a hedge in another banking crisis, Ethereum
invents a new world of peer-to-peer applications.
Before we dive into details, it’s important to distinguish ether (ETH) from Ethereum. Ether refers
to the cryptocurrency used on the Ethereum blockchain. Ethereum refers to the blockchain