Context for the CTO, CIO, CISO and Data Scientist Bitcoin was the first implementation of a working blockchain technology. The idea has been built on with several other implementations.
One of the most exciting is Ethereum. In some instances Ethereum’s coin, Ether, is compared with Bitcoin, and you see both cited in cryptocurrency value listings.
But Ethereum’s implementation of blockchain goes far beyond the one behind Bitcoin. Ethereum is also a way of running distributed applications.
Applications can be programed to leverage the Ethereum blockchain in ways that bring the power of an open and secure distributed ledger and data store to bear in very powerful ways. At a minimum, we recommend everyone, especially executives, know that Ethereum provides a fabric for distributed applications.
For most it will also be good to know a few other details, but that is the most important point. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Read more from ctovision.com…
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