[2016-03-28] ET: Is Ethereum, a new virtual currency, the new Bitcoin 2.0

[polynesia]

Is Ethereum, a new virtual currency, the new Bitcoin 2.0?

http://economictimes.indiatimes.com/news/international/business/is-ethereum-a-new-virtual-currency-the-new-bitcoin-2-0/articleshow/51582644.cms

A new virtual gold rush is underway.

Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the past three months.

Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0.

[bitcoinisfurture]

What is the major difference between Bitcoin and Ethereum?  And also bitcoin is worldwide accepted there are so many other altcoins but are they even 10% of bitcoin used?

[polynesia]

What is the major difference between Bitcoin and Ethereum?  And also bitcoin is worldwide accepted there are so many other altcoins but are they even 10% of bitcoin used?

Ethereum is a platform for "smart" applications -applications which run exactly as programmed. It is supposed to eliminate the need for lawyers, judges, etc in the enforcement of contracts. Others may be able to throw more light on this.