Is ETH better than BTC
Cryptocurrency is the future of blockchain technology. That's why so many people have shifted toward buying and trading in it, instead of Bitcoin. But, while many people have taken a fancy to Ethereum (ETH), there are just as many others who support Bitcoin Cash (BCH).
The question is, which one of these cryptocurrencies is better? And for what reasons? Let's find out below. Basic Info.
Ethereum (ETH) was launched in mid-2015, a year after the very first cryptocurrency – Bitcoin – was created. Although the ETH token itself wasn't released until July the same year, it was officially announced in November 2014. So far, since its launch in 2015, the crypto coin has had two major upgrade splits – and both were quite successful.
Today no one is arguing that ETH is better than BCH. The main question is what are the similarities between ETH and BTC, and what are their differences.
While there are many similarities between all cryptocurrencies and others, the main difference between BTC and BCH is the fact that BTC has been accepted by other stores. However, with the development of Ethereum, it has now become possible to have the same acceptance of BCH. To explain this is a bit of a complex process, it is the same protocol that allows ETH to be used as a store of value and as a means of exchange.
The emphasis here is on equal value because it's all based on supply and demand. If ETH can achieve this level of acceptance, it will depend on the company's ability to provide the necessary infrastructure, since a lot depends on the establishment of successful partnerships whose main goal is to promote ETH services as a medium for transactions. It is not yet known whether this partnership will truly succeed or be temporary.
However, at least from an economic perspective, ETH seems to be much more attractive than BTC simply because it can be transferred faster and more cheaply than Bitcoin. Without going into detail, the main difference between them is ETH was created to handle smart contracts, while BTC was created to transfer digital financial value.
It's no doubt that ETH has become a 2nd cryptocurrency to BTC, but not in the way we are used to. The market value of ETH has grown significantly over the year, as well as its popularity as an investment asset. The total capitalization of ETH approached $ 50 billion by mid-September 2017.
Right now, it can be argued that ETH has become a more useful cryptocurrency. It is a relatively more convenient financial platform for owners of the cryptocurrency, allowing them to exchange it for fiat money or other cryptocurrencies. BTC does not allow owners to use it in this fashion. Therefore, there are still some differences between the two cryptocurrencies.
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