Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Editor's Pick

Is Bitcoin Different From Ether?

by
April 7, 2021
in Editor's Pick, Stock Analysis
0
Is Bitcoin Different From Ether?
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
ADVERTISEMENT

If you are new to cryptocurrency, you are going to be slightly confused when you hear people talking about bitcoin and ether. Indeed, they can sound like they are the same thing and perhaps just a different name.

While there are similarities between the two digital currencies, there are also a lot of differences. Knowing all about bitcoin and ether is going to be advantageous if you want to invest in cryptocurrency. So, let’s take a look at everything you need to know about bitcoin and ether.

What is Bitcoin?

 If there is one type of cryptocurrency that everyone has heard about it is bitcoin. It was first launched back in 2009 and by Satoshi Nakamoto. The purpose of its release was to create an online currency. This was one that did not have a central authority and no government was involved in its making. Over the years, it has grown in popularity. It was not the first type of cryptocurrency that was created. But, it has certainly been the one that is most successful and made people interested in crypto.

What is Ether?

Ether is a type of cryptocurrency that has emerged from the Ethereum network. It is very popular and one of the most sought-after cryptocurrencies. It was first created in 2015 and the Ethereum platform is regarded as now one of the biggest open-ended platforms you can use for cryptocurrency. It is also for decentralized applications, which is referred to as dapps. They can be built here and run and nobody is able to interfere with them.

The Similarities Between Bitcoin and Ether

Of course, there are some obvious similarities between bitcoin and ether. Namely, they are both digital currencies that have been created and they come under the umbrella term of cryptocurrency. You can trade them with other people online via an exchange. There are platforms where you can do this. They are also stored in a crypto wallet. They are both decentralized too, which means there is no bank or authority that regulates them. This makes crypto appealing to a lot of people.

The Differences Between Bitcoin and Ether

One of the main differences between bitcoin and ether is what their overall aim is and why they were created. For instance, the purpose of bitcoin was to be a digital currency that was an alternative to a government controlled national currency. However, the Ethereum network wanted to serve as a way to make applications and small contracts using its own digital currency.

Another difference between the two types of cryptocurrency is the speed of transactions. Namely, Ethereum is faster. This platform is able to process 10 to 15 transactions every second. This is compared to bitcoin that only processes three to five transactions per second.

But, there is somewhere that bitcoin beats ether and this is when it comes to price stability. It is found that it has about four times higher market capitalization. In other words, Bitcoin is less rocky than its price action.

To Summarize

So, to answer the question; is bitcoin different from ether? The answer is yes. While they are both decentralized types of cryptocurrency, they both have different aims and they were created for different reasons. While Bitcoin was created as a digital currency, ether was actually established for dapps and contracts. There are a few other differences between the two types of cryptocurrency, which include the speed and how stable they are. But, both can offer a good investment if you learn all about cryptocurrency. You can explore for yourself the better one for you.

Related Posts

5 Tips for Online Casino Promotions
Editor's Pick

5 Tips for Online Casino Promotions

June 29, 2022
What Is the Difference Between a Fire Door and a Normal Door?
Editor's Pick

What Is the Difference Between a Fire Door and a Normal Door?

June 29, 2022
How to save money when financing a car
Editor's Pick

How to save money when financing a car

June 29, 2022
Next Post
Tea can be fun. Really.

Tea can be fun. Really.

Is that a good egg? How chocolate makers rate on social and environmental measures

Is that a good egg? How chocolate makers rate on social and environmental measures

Pilipinas Shell eyes P20-B budget for next 5 years

Pilipinas Shell eyes P20-B budget for next 5 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

5 Tips for Online Casino Promotions

What Is the Difference Between a Fire Door and a Normal Door?

How to save money when financing a car

4 tips for dining on your travels

Turkey lifts veto on Finland, Sweden joining NATO, clearing path for expansion

Ghislaine Maxwell sentenced to 20 years for ‘horrific’ sex trafficking

Trending

PSEi ends lower on profit taking, Wall Street’s drop
Politics News

PSEi ends lower on profit taking, Wall Street’s drop

by
June 29, 2022
0

Philippine shares ended lower on Wednesday due to profit taking and losses on Wall Street amid the...

PHL, US firms ink deal for weapons assembly in Bataan

PHL, US firms ink deal for weapons assembly in Bataan

June 29, 2022
VP Robredo takes a bow with highest audit rating

VP Robredo takes a bow with highest audit rating

June 29, 2022
5 Tips for Online Casino Promotions

5 Tips for Online Casino Promotions

June 29, 2022
What Is the Difference Between a Fire Door and a Normal Door?

What Is the Difference Between a Fire Door and a Normal Door?

June 29, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.