So, you are planning for an startup idea and want to have digital cryptocurrencies as you payment processing methods, right. Don't worry, I'm here to guide and put some highlight over the best crypto currency coins i.e., Bitcoin or Ethereum... Which one should be the best choice, yeah that's hard to figure but not impossible so in this article you will find out the highlighted key points differenciating between Bitcoin and Ethereum.
Over the past couple months were the worst for online digital currencies because $125 million dollars had been been stolen and the communities of Bitcoin & Ethereum have been scrambling to pick up the pieces.
First there was the $50m Ether heist from The DAO, a company which had raised over $150 million based on the premise that its management was a distributed autonomous organization. That's why Ethereum brought a new coin here called Ethereum Classic ETC to pay those who got robbed by hackers but bad luck of robber they even couldn't get the coins because they were tracked down and hold for verification.
Now the Bitcoin community is faced with a $75 million loss from what was the largest exchange, Bitfinex. The thefts are roughly the same size, but there have been two completely different reactions from their respective communities.
Understanding these reactions are very important when thinking how to leverage one of these blockchains.
In my article, “Why The Bitcoin Blockchain Matters For Your Company Or Startup”, I explained the 4 main value additions a blockchain can provide as an infrastructure. The most important attribute of a blockchain I mentioned was asset settlement, the ability to directly move value nearly instantly and almost for free. This is something that has implications in the world of global payments and beyond with far superior transfer speeds and costs, but for the time being, this can only be done with payments through public blockchains.
The first blockchain is open, public, and its tokens are worth over $9 billion. This is the system that runs Bitcoin, and it has drawn over $1 billion in additional infrastructure investment in addition to its market capitalization. At the time of this writing, the Bitcoin blockchain is the only system that is secure enough and has the needed liquidity to run live commercial applications, such as our international wage payment & payment processor, Bitwage.