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
4
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

A Guide on How to Avoid Overdraft Fees
Editor's Pick

A Guide on How to Avoid Overdraft Fees

July 7, 2022
Government’s failure to deliver on Net Zero is not only to blame for the UK not meeting targets     
Editor's Pick

Government’s failure to deliver on Net Zero is not only to blame for the UK not meeting targets     

July 7, 2022
UK export revenues decline by 6% in the past year
Editor's Pick

UK export revenues decline by 6% in the past year

July 7, 2022
Next Post
Nuggets pound Pistons for sixth consecutive victory

Nuggets pound Pistons for sixth consecutive victory

Filipino tennis wunderkind Alex Eala impressive in W60 tournament debut

Filipino tennis wunderkind Alex Eala impressive in W60 tournament debut

National boxers set for ramped-up, extended training

National boxers set for ramped-up, extended training

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

SC suspends metro court judge over homophobic remarks   

Ex-Defense chief Lorenzana to head BCDA 

House bill on mandatory bank secrecy waiver for gov’t officials, workers refiled

Fuel excise tax suspension will induce more economic activities — Poe 

Marcos meets Energy team without a chief 

Hearing for Marcos ill-gotten wealth case moved by court

Trending

PSEi down on profit taking after three-day climb
Politics News

PSEi down on profit taking after three-day climb

by
July 7, 2022
0

BW FILE PHOTO PHILIPPINE STOCKS fell on Thursday on profit taking and data showing more Filipinos were...

Davao City records 30 new COVID-19 cases, positivity rate at 6.3%

Davao City records 30 new COVID-19 cases, positivity rate at 6.3%

July 7, 2022
Baguio mulls centralized parking for weekend tourists, use of hop on-hop off bus service

Baguio mulls centralized parking for weekend tourists, use of hop on-hop off bus service

July 7, 2022
SC suspends metro court judge over homophobic remarks   

SC suspends metro court judge over homophobic remarks   

July 7, 2022
Ex-Defense chief Lorenzana to head BCDA 

Ex-Defense chief Lorenzana to head BCDA 

July 7, 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.