Ether, Ethereum and Bitcoin
Contrary to Bitcoin; Ethereum is not only a digital currency. Ether is the digital currency, whereas Ethereum is the network. Ether powers the Ethereum network and acts as a decentralized software platform. In other words, this allows developers to build apps on the Ethereum network.
Bitcoin’s intended use is as an alternative to fiat money or even gold, though it remains a decentralized digital token. Nevertheless, the two largest cryptocurrencies are both linked to the blockchain technology.
In conjuction with the Ether rally – the cryptocurrency’s developers have been doing some work in the background. Last year, Ethereum saw a development in the network called Etheruem 2.0. The upgrade aimed to help both the Ethereum network and Ether the digital token.
In conclusion, CME (Chicago Mercantile Exchange) derivatives exchange announced the launch of Ether futures. The move aims to bring more institutional investors to invest in the digital token.
“Despite ongoing complaints about Ethereum network fees, it remains the go-to destination for all blockchain applications,” Chu added.
