Etherum is not a simple alternative to Bitcoin itself, but is a platform that takes advantage of the blockchain technology (also used by Bitcoin) not only to offer another alternative payment method similar to Bitcoin, Ether, but it is a Software development platform that helps in the creation of cryptocurrency systems that share a chain of blocks, better known as blockchain, where the records that are introduced cannot be edited or modified at any time.
Since the birth of Ethereum, the platform has been directed to the creation of smart contracts. Smart contracts, as a rule, include a financial transaction, act transparently on both sides, and operate very similarly to the programming codes.
Ether, like Bitcoin, is not controlled by any financial institution, so its value or quotation is not linked to the stock market, real estate or currency. The value of Ether is determined in the open market according to the buying and selling operations that exist at that time, causing its price to change in real time.