It is really important to notice what the biggest differences between the top 2 coins are. We try to give a simple explanation for all of those who are just joining in the crypto community. This way, you can gather information and learn more about some of the world’s most popular coins. Hopefully, it will help you with your dilemma, BTC or ETH?
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Bitcoin
The simplest way to explain Bitcoin is to refer to it as a “digital dollar”. It is exactly that but without the bank and government regulations. It’s just money held in a digital form. The price of Bitcoin depends only on supply and demand, so based on the supply and demand of the tokens, their price will either increase or decrease. Bitcoin was not crowd-funded, but it was released on the market and the first miners now own most of the coins that are mined. Sustaining on the market for eight straight years, Bitcoin is the cryptocurrency with the biggest liquidity.
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Ethereum
Ethereum is another digital currency which was crowd-funded and a lot of people see its potential in outdoing Bitcoin. The coin value of ETH is called “ Ether” and also with it, you can use it to buy, sell and invest. The difference between Ethereum and Bitcoin is in its technology. While bitcoin is just another digital cryptocurrency, ETH is a brand new technology that companies invest in so they can create new programs. Also, its blockchain technology is developed on a 2.0 platform allowing other applications to be built on it. Ethereum can also make faster transactions taking 14 to 16 seconds. This cryptocurrency is great because of the many opportunities it offers. You can even build your own tokens on top of its blockchain.
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