Ethereum is one kind of digital currency or cryptocurrency, a medium of exchange that exists exclusively online. Ethereum is among the most popular cryptocurrencies, and ranks second in total size (as of October 2021), behind Bitcoin, a coin that’s become synonymous with crypto.
Cryptocurrency has created a lot of controversy, from those who hail it as the world’s next payment system to those who view it merely as a speculative bubble. Here’s what Ethereum is and how it works.
What is Ethereum?
Ethereum is one of literally thousands of cryptocurrencies that have sprung up over the last few years. As the brainchild of 8 co-founders, Ethereum made its debut in 2015. The cryptocurrency or platform is called Ethereum, while the individual unit is called an ether (2 ether, 17 ether, etc.)
