Is Ethereum Better Than Bitcoin?

Unlike the Bitcoin blockchain, the Ethereum blockchain was not created to support a cryptocurrency. The Ether cryptocurrency was created to provide an in-house currency for applications built on the Ethereum blockchain.

In other words, Ethereum has wider ambitions. It wants to be a platform for all kinds of applications that can store information safely.

Despite their differences, the two are the creators of virtual currencies that have become rivals in the investing world. And virtual currencies are just that: They are coins that have no physical existence but are represented by a string of codes that can be exchanged at a price agreed upon by a buyer and a seller.