Bitcoin is the king,no doubt.Bitcoin is the talk of every town. However, there might be some who are still wondering what it is. Well, Bitcoin is the first ever digital currency that is used and distributed electronically. It is a decentralized currency as the control does not lie on any central authority.
According to economics, if something is both scarce and useful, it is considered valuable. Likewise, Bitcoin is scarce, useful and its value is determined on the basis of the market’s supply and demand. The supply of Bitcoin is capped at 21 million with 16.2 million currently in circulation. Thus, its supply is visibly limited making its scarcity transparent.
In simplest terms, bitcoin is a currency just like the dollar, the Euro, and other traditional currencies. It can be used to buy goods and services, hold value, and do many other things a currency typically does.
However, Bitcoin has no physical existence; it only has a digital existence. There are stark differences between bitcoin and other currencies.
Ethreum is the queen.,Its the darling coin of the market . Since its first release in 30 july 2015, its showing great growth rate in the market.It got seperated in 2016 as a Ethreum and Ethreum classic. The market cap of Ethreum is $ 45.41 B.
Ethreum has the advantage of precedence. So whoever is comes into the space will have read about ethreum and pump money into it..
In recent business industries started their business projects using latest ethereum platform because ethereum better than bitcoin. In developer side, ether is better because they have smart contract and dapps which is application can run in the blockchain. So developer just focus on their application development.
if BITCOIN is the FATHER and ETHREUM is the darling MOTHER,Bitcoin Cash should be the SON. Bitcoin Cash offers what made Bitcoin so great in the first place: fast, cheap, peer to peer transactions that are also, incidentally, a store of value. It has been growing in price and market cap daily and has achieved in a couple months what it took Bitcoin years to do.
hat is not to say that Bitcoin Cash is the only competitor to Bitcoin. There are others, but Bitcoin Cash has the network affect, the branding, and the track record (seeing as it functions as Bitcoin did for most of its history), to be the most serious contender.
Bitcoin Cash transaction are conducted on blockchains – a digital decentralized pubic ledger used to record transactions across the Bitcoin community. Think of a block as a vehicle which carries transactions from one place to another and once the block reaches its destination, the transaction is completed and chain concludes. Larger the block, more transactions it can hold and eventually faster the processing time. Bitcoin Cash increased the block size from 1 MB to 8 MB and also removed the concept of Segregated Witness.