Let’s clear the air on the world’s most misunderstood blockchain.
Step into the world of cryptocurrency, and also you’ll hear two names greater than every other: Bitcoin and Ethereum. Whereas most individuals have a fundamental grasp of Bitcoin as “digital gold,” Ethereum usually stays shrouded in thriller, resulting in a number of myths that may confuse even essentially the most enthusiastic newcomers. It’s the second-biggest participant, nevertheless it feels infinitely extra advanced, proper?
The reality is, a lot of what you might need heard about Ethereum is probably going outdated or simply plain flawed. Understanding the truth behind the rumors is step one to greedy why hundreds of thousands of individuals imagine it’s the way forward for finance, artwork, and the web itself.
So, let’s seize a espresso, get comfy, and bust seven of the most typical myths about Ethereum as soon as and for all.
That is maybe the most typical start line for rookies. It’s a easy analogy, nevertheless it utterly misses the purpose of what Ethereum is and does.
The Fable: Bitcoin is the shop of worth (gold), and Ethereum is a secondary, much less helpful model (silver) that’s simply…