Bitcoin Vs Ethereum

Since 2009 after the launch of bitcoin, several other cryptocurrencies have emerged in the market. In 2011 ethereum was launched which is now the second-largest cryptocurrency in the market.

Bitcoin created by Satoshi Nakamoto is seen as a promising online currency that uses blockchain technology with a decentralized public ledger. This blockchain technology is quite useful as you can only add more data to the block and you won’t be able to alter or delete any of the data that is already there making it tamper-proof.

Over time, many of the government and private entities have accepted bitcoins as a form of currency, still, bitcoins are not seen as a legal way for payments. Despite all this, bitcoins are still one of the most prominent cryptocurrencies that are available in the market.

On the downside, all the transactions through bitcoins are really slow as compared to other cryptocurrencies.

Othe the other hand launched in 2011, ethereum is another prominent cryptocurrency that is available in the market. It is the largest open-ended decentralized platform in the market. With DApps you can use ethereum for the deployment of small contracts without any technical downtime or online fraud. As it comes with its own language which is programmable, it allows developers to build and run their own distributed apps.

Ethereum is basically used for currency exchange and running applications on the network. You can use ethereum to redesign and alter its code making it more suited according to your needs. You can find more about Microsoft partnership which uses the ethereum blockchain service by clicking on the link.

In the end, both these cryptocurrencies offer different features and services and you can choose what’s best according to your needs. You can choose more popular bitcoin or you can go with a highly customizable ethereum.

Dawn

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Dawn Malicdem is a graduate of AB Communication Arts in De La Salle University. She is a media enthusiast, journalist and a photographer. She also plays golf during her free time.