One notable benefit of Ethereum is that it has better technology. The technology is so advanced that it is immune to third party interventions. Another benefit is that there is more usability with Ethereum. It is more diverse in its use cases and applications, meaning that it is a great option for those who are avid online shoppers and gamblers. Using it for online gambling means faster deposits than alternative methods, including other cryptocurrencies, as well a cheaper alternative to things like Bitcoin. The currency is also extremely mobile-friendly, meaning it can be used and accessed by almost any device.
Ethereum is characterized by its unique nature as it is a completely decentralized system, meaning not controlled by any one specific entity and it is fully autonomous. It was created in 2013 by a cryptocurrency developer and then sold in the form of crowd selling later in 2014.
Though many people confuse and compare Bitcoin with Ethereum, they are in fact not comparable at all. Ethereum leveraged the technology used to power and create Bitcoin and vastly expanded its capabilities and functionality. It is not a cryptocurrency, but an entire network with its own characteristics and autonomous governance.
As mentioned, Ethereum is a standalone, entirely decentralized system. This in and of itself makes it unique. Some other unique elements and characteristics of the system worth noting include:
Vitalik Buterin is the brains behind Ethereum. He first noted and put his idea on paper (quite literally) in a white paper that was only seen by and shared with a few friends. When these friends shared with other friends, interest started to be peaked in developing the concept
It took about a year to get the project out in front of the public. It was first presented at a Bitcoin conference in January 2014 by Buterin and some of those who helped him develop the concept. A few months after the announcement, a crowd sale occurred to help fund the idea.
Cryptocurrency gambling at mobile casinos has been around for a couple of years now. In the beginning, only tech-savvy bettors used cryptocurrencies when betting on a handful of online casinos. Luckily today, several online mobile casino apps accept cryptocurrencies .
