A closer look at Ethereum

How does it differ from Bitcoin?

Ethereum is a decentralized blockchain that establishes a peer-to-peer network to securely execute and verify application code.

Clock LinkClock Link Icon08:45 mins
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Guest Speaker:Christine Kim, Vice President, Research

In Summary

A quick summary of the topics discussed in this lecture.

01

Ethereum is a blockchain-based technology enabling decentralized applications and smart contracts. It differs from Bitcoin, which is a blockchain-based technology primarily enabling payments.

02

Ethereum uses a Proof-of-Stake consensus mechanism whereas Bitcoin uses Proof-of-Work.

03

Ethereum is the second-largest cryptocurrency by market capitalization.

04

Ethereum is a general-purpose blockchain that can support a vibrant and diverse marketplace of financial services, games, and decentralized applications.

05

Ethereum is constantly evolving and has a vibrant community of developers and entrepreneurs.

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