The year 2017 was a special year for Bitcoin and other digital currencies, but it is important to remember, that this is not just the beginning. Despite market assessments, key protocols remain incomplete in providing value to users. bitcoin, for example, requires high transaction fees and transaction times are slow, so they are hardly suitable for payments. Suffice it to say that its new location as a store of value is unstable, even if it is because of the huge rise in the price of the Bitcoin.While this will go hand in hand with many developers working to produce the best, the intricate versions of Bitcoin will be the most flexible alternative. As the road is widely open to the blockchan for the use of smart contracts, such as etherium. Such platforms are an operating system for decentralized finance and trade.
Comparison of Bitcoin and Ethereum
Imagine that Bitcoin acts as a " DOS " operating system while Ethereum is a Windows operating system or " Mac OS " . There is no error in the DOS system , it came first and was an essential part of the success of the computer. US geeks also grew up on the DOS system , but computers did not open doors to widespread deployment until Windows and Mac OS appeared . The system of the DOS is difficult to learn, it is certain specific programs and a few of the applications that are running. Windows and Mac systems encouraged and supported the creation of applications, but ultimately they were easier to use by people.Hence the ethereum serves as a Windows and Mac system, and as a result, developers have created thousands of applications. This is similar to the Internet revolution that took place in 2000, where thousands of new companies are now emerging with highly innovative business models and regulatory frameworks and new methods are being found to finance them. But on the other hand, most like Pets.com andWebvan will fail, while some will act as Amazon , eBay , or Google from the Blockchain generation.
The best way
The DevCon3 Conference, which took place last month, on the development of ethereum may be evidence of a different approach. With the presence of 2000 developers, each paying $ 1,000 plus spending to expand the limits of innovation in the technology of pluche, the future of etherium seems to be very safe. But what other intelligent technologies can enable intelligent contracts to be implemented?Sure, there are a number of people who pretend that there will be ethereal 2.0, but nothing has been proven so far as a quick innovation or improvement of ethereum, nor do they have a developer mentality. So none of them can be mentioned now, but on the other hand, Ethereum has shown sincere innovation in both cost and effectiveness, making it the main platform for the development of the applications of the buxine for years to come. They are already working on privacy and scaling, and that's what other blockchain networks dream of. In 2018 and beyond, ethereum and other technologies will continue to develop and push applications that will drive the era of technology to a new stage.