From Bitcoin to Ethereum

Return to Ethereum Syllabus

Bitcoin uses a global network of computers that maintain a shared ledger called a blockchain that keeps track of who owns bitcoin. Once blockchain technology was introduced to the world, people realized that blockchains could be used to keep track of anything of value. In 2013, a 19 year old named Vitalik Buterin introduced the Ethereum White Paper, which proposed an open source platform that would let programmers build blockchain applications that could facilitate the exchange of money, content, property, shares or anything of value. Much like with Satoshi Nakamoto’s paper, Buterin’s was met with widespread excitement from software developers around the world who began building toward the vision Buterin laid out.

Much like Bitcoin, Ethereum isn’t owned or controlled by any one person. Unlike Bitcoin, whose creator remains anonymous, Ethereum has a leader in Vitalik Buterin. While Buterin doesn’t control Ethereum in the way that a CEO does, his word carries tremendous weight in dictating the direction of the project – something that is considered a strength or a weakness, depending on who you ask.

3 Curated Resources

Compares almost every aspect between the two cryptocurrencies including their blockchain, mining, scalability, supply, development, distribution, and more!

Seen as the main 3, perhaps that’s only because they were the first listed on Coinbase. Understanding their differences will help you understand that there is room for multiple cryptocurrencies.

A nice article to explain how Ethereum works under the hood using a little knowledge of Bitcoin, since Bitcoin kind of started this whole industry. There’s some technical terms, but further resources are provided from Khan Academy to help explain.