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Why Ethereum, when we already have Bitcoin?
Part 2 of The Product Manager’s Guide to the Blockchain series as I continue to explore blockchains, Ethereum and the possibilities these technologies offer.
11 min readJul 7, 2017
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When evaluating or learning about a new shiny technology, one of the first things one should seek to understand are the problems that necessitated it’s development. So when I first learnt about a new blockchain called Ethereum, my immediate question was
Why do we even need Ethereum — another blockchain — when we already have a blockchain that powers Bitcoin?
Looking for answers, the thing I quickly realized was that this was not a very accurate question.
Ethereum wasn’t just another blockchain, its in fact much much more than that.
Ethereum is a Platform
Ethereum is a Platform. Underneath the platform is a custom-built blockchain that enables new…
