Ethereum takes a more comprehensive approach towards tackling societal, economical, and political deficiencies through one giant computational network, while the Bitcoin network tackles just a
particular application of blockchain technology — payment.
2017 was a breakthrough year for the crypto market for major coins such as Bitcoin, Ethereum, and Ripple, increasing awareness by the mainstream market, and innovative
new applications of Blockchain technology drove impressive returns.
And while Thomson Reuters has long tracked bitcoin prices, and last year made a push
into applications of blockchain technology broadly, this week's launch marks the firm's formal entrance into products made specifically for cryptocurrency traders.
On the early stages of blockchain development, IBM was intuitive enough to forecast the bright future behind it and made huge strides towards the all - important real
world application of blockchain technology.
For a more in - depth look at what Blockchain may be able to offer authors and publishers in the future, The Alliance of Independent Authors has written a very good article on the
possible applications of Blockchain technology for books.
Bitcoin offers one
particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments, the Ethereum blockchain focuses on running the programming code of any decentralized application.
According to a press release from the government of Dubai's media office, the Global Blockchain Council will explore and discuss
potential applications of blockchain technology, with the goal of highlighting how it could come to impact domestic financial and non-financial business sectors.
The benefit of the code that can be written on Ethereum blockchain is that it can not be modified, altered, and more importantly — hacked, and this tamper - proof feature ensured by cryptography makes it an
interesting application of the blockchain technology.