Ethereum vs. Bitcoin: Which Crypto Is Better?
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Loading... - Adelino Langa
- 29 Jul 2022
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Cryptocurrencies, also known as digital currencies, were all the rage in 2021 — and likely will be in 2022 as well. Coins like bitcoin have skyrocketed in recent years, and financial institutions are starting to get on board. Two of the largest and most popular coins are ethereum and bitcoin. This article explores and compares both currencies and will help you understand the pros and cons of each so you can determine which one might be right for you.
About Cryptocurrencies
A cryptocurrency is a secure, virtual currency that is nearly impossible to counterfeit. These digital coins are assets that exist on distributed networks. The networks’ decentralized nature means that governments and other central authorities can’t control them.
Blockchain technology, which is a technology based on a distributed ledger database, underpins cryptocurrencies. Cryptography and encryption techniques secure the network and prevent tampering. Every transaction is stored as a separate block on the chain, and those records are guaranteed to be accurate and immutable.
Ethereum vs. Bitcoin
Ethereum and bitcoin are arguably the most popular cryptocurrencies on the market today. They certainly are the largest by market cap. Bitcoin’s market cap is over $560 billion, while ethereum’s market cap is around $242 billion. Read More...
