While for the most of us Bitcoin is a more familiar option, Ethereum is also a big player in the world of cryptocurrency and his value has spiked in the past few months. Although they look the same on the surface, their biggest is in the technology they are using.
Ethereum’s data processing is extremely faster than Bitcoin’s because Ethereum does automatic applying of the terms and conditions of a contract once it has been made. If it seems to you that Ethereum is inferior to Bitcoin because of its price, you should think again. Having a lower price is surprisingly a good thing for future investors who are looking for another option besides Bitcoin. The lower the price, the more investors it may attract. The only problem might be that Ethereum is not as well established as bitcoin.
Another difference is that Ethereum is a TOKEN. What Ethereum does for contracts, Bitcoin does for money. Also, Ethereum transactions are confirmed in seconds rather than bitcoin where it may take a couple of minutes, and they also use different algorithms.
In general, they mostly differ in purpose. Therefore, saying which one will ‘surge or sink’ is something that no one knows. What’s true is that both cryptocurrencies are being implemented in many industries as we speak.
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