Top Forex Brokers – Currently cryptocurrency is a busy market in the world, the volatility of this instrument is huge every day. Making crypto an instrument that is of great interest to the world community.
As we know, cryptocurrency is a currency that adopts peer-to-peer decentralized Blockchain technology. This means that there will be no interference from third parties who can take advantage of the transactions carried out. In the end, blockchain technology is widely used by people today.-
– What is Ethereum ?
The increasing interest of the community in blockchain technology by the public has led to the emergence of many new cryptos with different project objectives and one of them is ethereum. What is ethereum ? what is difference between ethereum and Bitcoin , let’s discuss more.
Ethereum was founded by Vitalik Buterin in 2014 when he was 19 years old. Vitalik got to know cryptocurrency at the age of 17 years, at that time Vitalik was immediately attracted by the potential of the technology that supports bitcoin, namely blockchain technology.
Ethereum was founded with the aim of building a usable platform ecosystem and making it easier for a blockchain project to develop on the ethereum platform. In other words ethereum is a container for other blockchain projects. Since its inception the price of Ethereum has increased significantly and now has a market cap of $ 43 billion as of September 2020. Compared to all cryptocurrencies worldwide Ethereum is ranked second in terms of market capitalization below bitcoin.
– Different between bitcoin and ethreum
Basically ethereum is a crypto currency like bitcoin, both of which use a peer-to-peer network created by mining. Both are also decentralized crypto currencies. However, there are some basic things that set Ethereum apart
- The main purpose
Ethereum has the goal of removing the transaction limit between platforms
- Block Creation
Ethereum has an average creation speed of 1 block in 12 seconds, while Bitcoin has an average speed of 1 block in 10 minutes.
Ethereum uses a Turing Complete Code which allows sending a script with unlimited “loops”, whereas Bitcoin does not have that script.
- Transaction Fee
Ethereum has different fees depending on the computing power of each, while Bitcoin has a fixed fee.
By understanding the difference between Ethereum and Bitcoin you can use it appropriately. and you can choose which crypto you will use for your convenience. if you want to have ethereum or bitcoin you can buy it through platforms such as binance, poloniex, bitrex and others.