What Makes Ethereum Special?

[elkafi]

As you have likely gathered at this point, Ethereum was built to be more than just a blockchain to hold the Ether cryptocurrency token and confirm transactions, Ethereum was built to be an open source and decentralized blockchain-based software creation platform that any developer can use.

At the core of this platform/network is a “blockchain-based smart contract system,” to which one contract type is the native cryptocurrency Ether (which trades under the symbol ETH). However, unlike with Bitcoin and its blockchain, Ethereum’s platform is designed to run code rather than just account for coins.

With that in mind, Ethereum can be used to do a range of things. It can be used make multiple unique cryptocurrencies, to do any type of contract, and even be used to create/store blockchain-based apps.

This can result in unique tokens/cryptocurrencies that aren’t Ether (but use the Ethereum network) like Augur, Golem, Aragon, etc, traditional contracts like insurance contracts (“contract” is a term that encompasses many things here; it goes beyond just basic contracts), and even software (like a Minecraft like game that is now hardcoded into Ethereum’s blockchain; a DApp).

With all that said, let’s go over some more Ethereum facts to move beyond what we have covered already:

    FACT: Ethereum-based tokens can be traded for Ether on the EtherDelta token exchange. This is useful for trading new tokens from ICOs as soon as they launch.
    Stoked on Ether yet? If not, check out this list of reasons to buy Ether.
    TIP: Ethereum is the system, ether is the token, despite this… most people refer to all of this as ethereum and use the terms ether and ethereum interchangeably.
    DID YOU KNOW? You can actually create your own token right now (via tokenfactory).
    FACT: Ethereum initially launched as an ICO. Meanwhile, many ICOs use the Ethereum network.
    FACT: Ethereum currently uses a Proof of work model of mining, but they are switching over to Poof of Stake. Learn more.
    FACT: Another name for a cryptocurrency is “token.” Ethereum’s native token is called “ether.” Ethereum’s “ether” token trades under the symbol ETH and it is what most people think of when they think of Ethereum. Learn more about ether from ethereum.org.
    TIP: Developers can “fork” off the Ethereum blockchain and create their own tokens (these may have different names in practice, for example KIN). Meanwhile “ethereum classic” is the original ethereum cryptocurrency. Ethereum classic still trades on cryptocurrency exchanges and can be used as cryptocurrency. A new investor probably just wants ETH (Ethereum’s ether) and a digital wallet like MyEtherWallet (or a coinbase account with a built in Ethereum wallet).[8]
    FACT: Ethereum is a popular choice for ICOs due to its capabilities. About 1/2 of ICOs use ether-based coins.

Ethereum is the queen of crypto currency. It is so popular now. Maybe It is the reason why makes ethereum special.

[Whate]

In my opinion, what makes Ethereum special is Ethereum is widely used to exchange tokens and smart contract platforms. Currently Ethereum is a good and very popular coin, its position is right under Bitcoin.

[Shanacute14]

Yes I agree that ethereum is special because it s easy to use and convenient. It is also has exchange tokens and smart contract platforms.