What is Ethereum and how does it work?

What is Ethereum and how does it work? Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

Is bitcoin better than Ethereum?

Ethereum is technologically smarter while Bitcoin is not as sound and lacks decentralized applications. This makes Ethereum better than Bitcoin. Ethereum is technologically sound . The number of coins Since Ethereum is a relatively new platform there is much more availability of coins. Bitcoin in comparison is a lot scarcer.

Does Ethereum have a cap like Bitcoin?

Unlike Bitcoin, Ethereum has no limits on its total amount. There is a max cap on Bitcoin of 21 million, but such restrictions do not apply to Ethereum. Over 116,000,000 ETH are in circulation as of May 2021. However, there are still some limits on the supply of Ethereum that means it would be incorrect to say it has an 'unlimited supply'.