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 mined.
Sustaining on the market for eight straight years, Bitcoin is the cryptocurrency with the biggest liquidity.
is another digital currency which was crowd-funded and a lot of people see its potential in outdoing Bitcoin.
The coin value of Ethereum 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, Ethereum is a brand new technology that companies invest in so they can create new programs. Also, Ethereum blockchain technology is developed on a 2.0 platform allowing other applications to be built on it.
And last, Ethereum makes faster transactions taking 14 to 16 seconds.
See more about the differences between Bitcoin and Ethereum
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