Ethereum Is Changing India. Here’s How

Ethereum: The Backstory

The primary differences between Ethereum and Bitcoin

  • There are only a limited amount of Bitcoins in total (about 21 million). The annual supply of Ethereum is 18 million, which is equal to 25% of the initial supply.
  • Bitcoin is a form of decentralized currency. Ethereum, on the other hand, aims to decentralize the entire world. The goal is for it to be available to everyone in the world one day.
  • Ethereum, like Bitcoin, is not controlled or owned by anybody; it is an open-source project created by many people all over the world.
  • For mining, they each use different hashing methods. Bitcoin employs SHA-256, but Ethereum employs Ethash.
  • The typical duration for mining a block on Bitcoin is 10 minutes, but on Ethereum, it is 12 to 15 seconds.

The applications of Ethereum

Ethereum’s Future in India

Final thoughts

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