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Why Ethereum Succeeded Where Bitcoin Failed

July 22, 2016

Imagine that tomorrow you wake up and discover that you’ve been taken for all you’re worth by an anonymous hacker. The thief has managed to steal everything that belonged to you and a good deal of others—$56 million worth of a new virtual currency that you’ve invested in, to be exact. You have a month to decide what to do.

This might seem like an impossible situation, the kind of pressure cooker that breeds hasty decisions, but it’s exactly the dilemma that faced the developers and users of a new cryptocurrency and coding platform called Ethereum.

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