Main differences Ethereum vs BTC.For many people new to the cryptocurrency it is quite difficult to explain the differences between certain digital currencies. Ethereum and Bitcoin are the two most prominent players in the crypto trade plus they have the highest market capitalization values. Bitcoin was the first digital currency to ever be successfully adopted by society and show that secure P2P transactions between trustless parties, without the need for a third-party intermediary, could be achieved.
The Ethereum blockchain consists of interlinked blocks that can hold and execute code snippets. These code snippets can be bundled together to build applications. This single quality differentiates it from Bitcoin, its immediate counterpart.
And people still keep holding Bitcoins?
Ethereum is popuar with som big name companies:
In comparition to accepting payments via Bitcoin, the payments via Ethereum aren’t really this huge, seems as if Ethereum hasn't caught the attention of the merchants. You can make a difference insisting to start backing Ethereum and you are in good company. Companies backing Ethereum:
Ethereum's smart contract enforces the rules between to contractors, collect the money, and immediately send the profits to whoever wins the bet. This is all done automatically and through triggers set throughout the internet and blockchain – whether it be checking scores on multiple websites or verifying funds.
Ethereum provides a platform for creatives to develop their own use cases for smart contracts. It allows for any kind of smart contract to be programmed using their coding language Solidity, giving the community the power to use this powerful technology in any way they see fit. Ethereum also contains its own currency, called “Ether”, that represents the “gas”, or computing power that enables smart contracts to be verified and automatically executed by the network.
Ethereum has proven its versatility and application to society is superior to Bitcoin, but until they can prove the use cases to the masses and the ability to scale them appropriately, with more retailers accepting Ethereum a more advanved blockchain can take over. Care to return home? Click here to return to index.
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