My online world is rife with cryptocurrencies, with Bitcoin being the most popular while other altcoins like Ethereum, Litecoin, Ripple, Iota are struggling to grow in market cap.
People have begun to compare Ethereum as a worthy competitor of Bitcoin. I am trying to tell you about the similarities or differences between Ethereum and Bitcoin.
Bitcoin appeared in 2009 leading the cryptocurrency world, while Ethereum became known in the digital world in 2015.
Although Ethereum is not as established proven as its predecessor, it possesses some attractive features which show that it has more potential than Bitcoin in some particular areas.
If you are looking for the most successful digital currency to use as a store of value, then Bitcoin takes the lead. It is by far the most valuable digital coin in the world being more popular, recognized, and acknowledged compared to other cryptocurrencies, and this makes it easier to purchase, resell and store.
Ethereum is the second most popular and recognized cryptocurrency, after Bitcoin.
From my point of view Ethereum is more likely to become number 1 cryptocurrency from all points of view. Let me tell you why I think so:
- The fees per transaction are lower than bitcoin's fees;
- Ethereum allows you to create digital tokens(those can be use to represent virtual shares, assets);
- Bitcoin average blocktime is around 10 minutes while Ethereum has a blocktime of only 12 seconds;
I would really love to see Ethereum accepted on each store. Paying with Ethereum is fast, secure & very low fees. Let me give you an example. You want to drink a coffee on 23th January 2046. Would you pay $5 for a coffee and $10 fees?
Of course we will never know what will happen in future, who knows? Maybe we will pay our coffee with Steem!
Thank you so much for reading, let me know your opinion on this topic. Your every upvote, comment & resteem is appreciated!
