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Discussion on: Explain Ethereum like I'm five

isaacdlyman profile image
Isaac Lyman

Yeah, and there are a few differences in implementation. For example, the number of freshly-minted Bitcoin is reduced by half each year with a hard maximum of 21 million Bitcoin (there can never be more Bitcoin than that, because math). There's no hard maximum to Ethereum, though I've heard that they won't increase the amount they issue per year, but may decrease it (possibly to 0).

Ethereum also has DAOs, which as I understand it are democratic robot investment funds that run on an Ethereum script and choose how to invest their members' Ethereum dollars.