Since its introduction in 2009, Bitcoin's virtual currency has attracted many internet users, including in Indonesia. Many parties are trying to rival the popularity of Bitcoin, but no one has succeeded in doing so.
Until 2014, Vitalik Buterin, then 20 years old, took the initiative to create a platform called Ethereum. The platform also has a virtual currency like Bitcoin, which is named Ether. With the help of several colleagues, he managed to raise $ 18 million in crowdfunding to fund the development of the platform.
Currently, the value of all Ether in the world has reached $ 905 million. Far outperform other virtual currencies, such as Ripple $ 261 million and Litecoin $ 147 million. Ether only lost to Bitcoin whose total value is currently $ 6.5 billion.
Bitcoin and Ethereum are actually using a system called Block Chain. In this Block Chain system, data recording and transactions are performed on multiple servers that are connected to each other. That way, if there is one server that is damaged, the data can still be accessed on other servers.
What distinguishes Ethereum from Bitcoin is Smart Contract implementation, which allows you to program transactions, before you do it. For example, you can create an arisan program that will automatically move the Ether belonging to each participant to the winner's account each month.
This Smart Contract feature which, according to Joseph Lubin, Co-Founder of Ethereum, is not accommodated by Bitcoin. "Bitcoin has presented a great vision, and Ethereum is here to clarify how to realize that vision,"
Implementation of this Smart Contract is collected on the Dapps website. There, you can see the various projects created by developers with the Ethereum platform, such as the creation of the crowdfunding system, the money lending system, as well as the gambling system.
The Ethereum Coin platform is already supported by 6400 interconnected servers. This figure does not vary much with the Bitcoin support server whose number is 7,400.
Development of Etherium is currently still in its early stages, marked with their first full version of the newly launched end of February 2016 ago. But with the potential possessed by Ethereum, some big companies have tried to use it.
The future of Ethereum coin seems to have to be considered with prices that continue to soar may be for several years ahead ethereum will beat bitcoin as the world's largest virtual currency