What is Ethereum and how is it different from Bitcoin?

[uptrendfinancialsignal]

I was just comparing Bitcoin and Ethereum last night, thinking one is just an upgraded version but it's not really clear like that. A guy explained that it's two different systems entirely, I was nodding like I understand what he's saying. Everybody is shouting ETH this, BTC that online, but difference doesn't just click instantly. Who can explain this in simple terms?

 

[Maya]

Ethereum is a blockchain platform that, unlike Bitcoin which is mainly digital money, also supports smart contracts and decentralized apps.

 

[Henry]

Ethereum is a blockchain platform that, unlike Bitcoin, which is mainly digital money, also supports smart contracts and decentralized apps.

I think Bitcoin is the foundation of all cryptocurrencies. Ethereum is one of the first coins that grew popular and has kept being popular since then. Eth will certainly follow all the actions that Bitcoin makes in the market in terms of price appreciating or deprecating.

 

[Maya]

I think Bitcoin is the foundation of all cryptocurrencies. Ethereum is one of the first coins that grew popular and has kept being popular since then. Eth will certainly follow all the actions that Bitcoin makes in the market in terms of price appreciating or deprecating.

A lot of coins were already popular before the launch of Ethereum blockchail and it's native token ETH. For example, LTC, XRP and Doge existed before ETH.