From Cryptocurrency Check
cryptocurrency, but it's also much more than a cryptocurrency--it's an entire set of protocols that allow people to create and distribute Ethereum Tokens on the Ethereum network, used for various purposes, usually small in scope. It's kind of complicated, and most of it isn't terribly important for the consumer looking to buy Ethereum. Suffice it to say that, unlike Bitcoin and Litecoin, Ethereum has a much larger scope that includes being a cryptocurrency, but also having an entire network of tokens on the Ethereum network that are used to purchase things like processing power for intense-processing applications like Blender 3-D (this is the purpose of the Ethereum Token Golem.
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