What is Ethereum Foundation and Enterprise Ethereum Alliance?

Ethereum is often controlled by the Ethereum foundation. However, there is also the Ethereum alliance which is confusing many new users. Instead of getting confused between both of them, it is a good idea to know more about them. Once you know about the members of both of these groups, it will automatically become easier for you to understand the functioning of both the groups as well.

Ethereum foundation:

As the name itself suggests, Ethereum foundation consist of the founding members of Ethereum and some of the development members as well. It also consists of the founder of Ethereum, Vitalik Buterin. The main aim of the Ethereum foundation is to make Ethereum more and more popular. They consistently work on increasing the awareness about the Ethereum blockchain. As a result, they are trying to increase the usage of not just the blockchain but the other features in the blockchain as well like decentralized applications and even smart contracts. Also, they oversee the development of the Ethereum blockchain as well. As a result, they are able to consistently overcome the threats which are facing the Ethereum blockchain.

Enterprise Ethereum Alliance

The Ethereum alliance was founded by the Fortune 500 companies. The alliance also consists of start-ups as well as technology vendors. Each and every person who believes in the power of the Ethereum blockchain is associated with the alliance. Moreover, many members of the alliance are working together in order to develop better applications on the Ethereum blockchain. Even though, they do not have any direct impact on the development of the blockchain together but they are actually developing a lot of different applications of the blockchain. It consists of many Fortune 500 companies and therefore, the resources which are going into the development of various applications are significant. Some of the companies include BP, Accenture, Credit Suisse, ING, Intel and many more. As a result, they are able to make a lot of headway in terms of the sizing the various applications on the Ethereum blockchain.

The next time around, you hear about the terms Ethereum foundation in Ethereum alliance; you will be able to easily understand what the difference between both of them. The foundation consists of the founding members and often decides about the development of the blockchain itself whereas, when you look at the alliance, they actually work on the applications on the blockchain. They are both an integral part of the Ethereum community.

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