But Ethereum is probably not worse than Bitcoin either.I think the two are roughly the same.Mainly because:Bitcoin is a more proven store of value, has more proven security, has the benefit of being around longerand is more stable and reliable.Ethereum so far has a better community, better smart contract platform, is more focused on scaling and partnerships with industry and is better as a launching pad for ICOs.Bitcoin has a lot of infighting over scaling vs.security.But Ethereum may go through the same thing soon as transactions grow to a volume higher than the system can handle.Transactions may go unconfirmed and get backlogged.There’s a lot of unrealized potential on both coins - but especially Ethereum.Bitcoin is more established.Less downside risk with less upside.Risk-adjusted, I’m not sure I’d prefer one over the other.But be aware that both are VERY risky speculative trades you can make.They should not be called investments.Even if you just buy and hold.Lots of people bought and held until zero during the dot com bust.Bitcoin as the trading default currency.Did you know most everyone uses Bitcoin to “buy” (really swap) other cryptocurrencies?When the ICO bubble bursts, people will be selling their altcoins and convert to Bitcoin.Will they then dump their Bitcoin for US dollars or other fiat currency?Maybe not.Do they want a clearly taxable event?Bitcoin may go up when virtually all the altcoins crash.On the other hand -“Take me to your leader!”Around December of 2015 I’m at a Bitcoin event in San Francisco.A comic is making jokes about Bitcoin.He quips:“Take me to your leader!”Because no one knows who Satoshi Nakamoto really is.Satoshi is a made-up name for the person who created Bitcoin.Satoshi is the Linus Torvalds of Bitcoin.Except Satoshi disappeared shortly after launching Bitcoin.We don't know if he died or is hiding in plain sight.Now there’s massive infighting among the Bitcoin miners, merchants, wallets, exchanges, investors, users and developers.Over scaling and security.Both are important but different people weigh each differently.If Bitcoin had a leader like Linux does with Linus Torvalds to weigh in on tough decisions or help a super majority reach consensus, then maybe Bitcoin wouldn’t have all these scaling problems.Bitcoin Is Mired In A Civil War.

Can This Proposal Save It?Additional DisclaimerI am an investor in Purse - Discount Shopping and Bitcoin Wallet which helped create Extending Bitcoin into Enterprise & Production.Bcoin is the subject of the Forbes article I linked above.Is the lion better than a shark?Why or why not?It depends on how do you compare them and what do you want to use them for.Ethereum is better than Bitcoin and Bitcoin is better than Ethereum at the same time.They’ve made several completely different design choices and as with every choice it opens some oportunities and closes dosens of others.I would highlight a couple of main differences:PurposeBitcoin is a currencyEthereum is a platform for running decentralized apps (aka smart contracts)SupplyBitcoin is deflationalThe overall amount of BTC ever produced is limitedEthereum is inflationalThe ETH supply in unlimitedSecurityBitcoin is simple and limitedThe built-in language is stask-based and statelessThat’s why you can not express a loop and it’s not Turing-complete (this means, that there are some programs, that are impossible to write)Ethereum has a rich programming language built-inThe built-in language is Turing-complete (this means that you can code anything you want)More complexity implies more opportunities to make an errorAdoptionBitcoin has a first move advantageMy mom knows what Bitcoin isThe community is a lot biggerIt’s easier to get startedThere are already a lot of places where you can pay with BTCEthereum is less known and youngerIt uses “move fast and break things” mottoIt learned from Bitcoin and fixed a couple of issues in it’s designThe community is smaller and therefore has more developers than speculatorsTo sum up:They’re not competitorsThey coexist and solve different types of problemsEthereum is written in a Turing Complete Language - Bitcoin was written in a stack based language that isn't Turing Complete.A Turing complete language means anything can be done with it given enough time and enough computing power.This means that Ethereum has a broader base to build on and a broader market to enter - as it isn't locked to being a value transfer ledger - which is where the analogy of ethereum as a tcp/icp in comparison to bitcoin as your email comes in.roll bitcoin gratis

Although Bitcoin could be built upon to allow the functionality that Ethereum has - it would be clunky!The major difference is the simplicity on building on top of ethereum.For example some very smart guys at Slock.it have built a device that unlocks for a period of time on the condition of payment to a  particular wallet.So can you imagine paying for an air b and b to turn up at the door swipe your phone and enter - no key handovers but a bit of a bummer if your phone has no juice.The other set of differences comes in the way Ethereum and bitcoin are built.split bill bitcoinEthereum uses ethash instead of sha-256 - which means that individuals can compete in mining it (Ethash is memory hard meaning it needs memory to run - which in turn means it works more efficiently on a GPU ) whilst Bitcoin has ASIC chips that have led to a moore's law race and concentrated mining power!Ethereum also has a shorter block time than Bitcoin - due to some clever hacking using the ghost protocol - which basically means that forks in the chain are rewarded but don't cause to much of an issue!bitcoin segwit release

So Ethereum a transaction should be confirmed in under 20 seconds and with bitcoin 10 minutes... less waiting around.Another difference is the economic model and plans.Ethereum plans to move from proof of work to proof of stake and at present has a continual stable block reward.Bitcoin on the other hand has a block reward that halves every four years until 2140.Even though the supply rate is different, in essence they are both deflationary.(Time to get into your arguments on the Austrian School of Economics!)There are other differences too - you can read about them here in our article.Why is Ethereum different to Bitcoin?litecoin miners wikiEthereum (ETH) - Overview, Forum, Live Streaming Markets, Charts and Tradesbitcoin casino ioThe CrushTheStreet Staff Is Consistently Researching The Most Important Investment Research.ethereum coinbase blog

Our Goal Is To Magnify Your Financial Education At These Critical Times.Gain Immediate Access To Our Wide-Range of Top-Conviction Reports As the altcoin bubble intensifies, the number two digital currency, Ethereum, continues to break barriers and gain new all-time highs!Currently, Ethereum trades for around $70.00.Ethereum faced difficulties during the latter half of 2016, following the DAO hack and several DDoS attacks on its network, which resulted in Ethereum hard forking more than once.kurs bitcoin liveHowever, this seems to only strengthen Ethereum in the long run, while providing investors with excellent buying opportunities.bitcoin diplomaEthereum is a hub of innovation.backup a bitcoin walletAlthough similar to Bitcoin, Ethereum can do more than be a currency.

By using “smart applications,” users can build upon Ethereum’s blockchain, essentially creating applications within applications.This gives Ethereum the potential to be used not just in monetary terms, but in other industries that need innovation and automation to be able to move forward.It is well known that Microsoft shows interest in Ethereum, as well as many other large tech and financial companies.Many long-term investors and tech enthusiasts believe Ethereum will be the platform in which the Internet of Things will eventually move to, dubbing Ethereum as Internet 2.0, a realistic possibility now that Ethereum has formed an “alliance” around itself with some of the most influential companies in the world.The Enterprise Ethereum Alliance Could Be Why There’s a Price Rally!Enter the Enterprise Ethereum Alliance (EEA).This is quite possibly one of the biggest developments for blockchain development, with companies such as Microsoft, JP Morgan, UPS, and many other movers and shakers.

The only cryptocurrency working with more banks than Ethereum is Ripple (XRP).With an almost infinite amount of resources and investment capital behind it, Ethereum’s bullish run can be a direct reaction of this alliance, as it is more likely than ever that Ethereum is here to stay for the long-term and will likely have an important role in the development of blockchain technology and the Internet of Things in the foreseeable future.It is also likely that news of this has attracted outside capital from investors that otherwise wouldn’t have invested in Ethereum.Outside investment is an extremely likely factor as to why Ethereum’s price and market cap have grown so fast.Other members of the Alliance launch include: Could There Be a Market Pump and Manipulation?As many have made fortunes trading and investing in Ethereum during this rally, the possibility of traders pumping the price of Ethereum is another likely indicator of Ethereum’s price increase.Ethereum’s volume has increased rapidly and always been the highest after Bitcoin’s.

Even in relatively calm periods for cryptocurrency, traders are likely using long margin positions to gain substantial profits, pushing the price of Ethereum up higher and preventing it from having a healthy correction.Eventually, what goes up must come down.Ethereum is no exception, despite the positive progress that has been made since the start of 2017.With a much-needed correction, new investors would have a chance to buy low and not be stuck in a bull trap, however, some are saying Ethereum could reach the $100 area, which is something that remains to be seen.Does Ethereum Deserve Its $7 Billion Market Cap?In conclusion, until Ethereum corrects (at least slightly) and flushes out pump and dump traders and weak hands, we cannot know accurately what its market cap should be.Another key point is that Ethereum isn’t being used in any mainstream applications, which is perhaps an unfair statement giving that it is still extremely young and in the development stage, but it is important to note this.