 TITLE: Bitcoin vs. Ethereum: What’s the Difference? CONTENT: How Does Ether Work?\n--------------------\nIn order to understand how Ether works, it's critical to understand the platform on which it's built: Ethereum. Ethereum is a decentralized software platform that uses blockchain technology like Bitcoin does—but with expanded capabilities.\nThe Ethereum platform uses blockchain technology to support multiple utilities, like the development of applications and programs, as well as powering cryptocurrencies including Ether. The platform does this through what are called \"smart contracts,\" which are essentially programs that can be stored and run on the Ethereum platform.\nWhile the name Ethereum is sometimes mistakenly or casually used to describe the cryptocurrency itself, Ether is the native and primary cryptocurrency built on the Ethereum platform. Ether is also the currency that fuels aspects of the platform. When transactions occur, the \"miners\" who run the computer programs around the world that power the network, are paid in Ether. END