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Ethereum runs on a different blockchain to Bitcoin has gone up by around 2,000 per cent this year alone.

The cryptocurrency rise was only launched in 2014 and since then has seen its popularity soar.

Ethereum has coins like its rival but is more focused on everyday transactions and allows holders to move value around, as well as store registries of debts or promises without a middle man or counterparty risk.

The currency has also been designed for limited human intervention during transactions, and was developed by a Swiss nonprofit and crowdfunding campaign.

Ethereum has strong corporate support, which has helped propel its rally.

It comes after bitcoin hit a record high this week.

The digital currency has been around for far longer than ethereum, and it's now seven years since what is thought to be the first ever transaction using bitcoin.

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Five pound notes with low serial numbers, especially those beginning with AA01, can be worth 200

Japan helped bring Bitcoin into the mainstream by passing legislation that allows it to be accepted as a legal currency.

It has limited supply, has also seen it reach safe haven status - like gold.

The ascent of bitcoin has helped fuel demand for other cryptocurrencies, such as Ethereum.

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The future of money Cryptocurrency Ethereum's value soars by more than bitcoin - Express.co.uk