Digital currencies have gained prominence in recent years. The advance of technology, the greater use of digital tools and the fall in the confidence of paper money and central banks, are leading currencies such as bitcoin and ether to gain adherents and increase their market capitalization. However, not all of these currencies are the same and the characteristics of some may end up imposing on the digital currency market.
As emphasizes from invertirenbolsaweb.net, despite the success of bitcoin, ether comes stomping, growing very fast, which threatens bitcoin dominance. Here are some differences between ether and bitcoin:
Five differences between ether and bitcoin
Ethereum goes beyond being a virtual currency, it is a protocol, a platform, a programming language and a virtual currency that allows users to perform transactions safely. The wide range of possibilities offered by ehtereum is the main advantage or difference that takes the well known bitcoin and become the main reason to unseat it, point from invertirenbolsaweb.net.
Ethereum allows a wide range of new applications or smart contracts based on virtual currencies that can go beyond not only for financial use but in other applications such as betting, crowdfunding, voting, investing in gold, among others.
In addition to those that already exist there are more in development such as for any asset (vehicles, apartments) to be locked or unlocked digitally and converted into income through rent or, for example, also for online betting.
-Ether, unlike bitcoin, is unlimited. That is, its creation can be infinite while the bitcoin has a limit of 21 million, from there you can not create more.
- Governments like China have shown their interest in a future use of cryptones, and consider ether more promising than bitcoin. Russia is also studying the possibility of using this instrument as a measure to diversify its economy, beyond oil and gas, which highlights the success of the ether.
-In recent days investors are already operating a larger daily volume of ethereum than bitcoin. According to coinmarketcap.com, for example ethereum handled on June 26 a daily volume of 2,081 million dollars against the 1.663 billion dollars of bitcoin. Hence, many traders see a great opportunity to make profits by trading and investing in ethereum.