Should You Invest in Bitcoin or Ethereum? – 7000GB™

The properties that make Bitcoin so unique are the fact that it’s limited supply creates a high demand, add to the fact that this currency is decentralized. Meaning it is not controlled by one single entity.
These factors make Bitcoin the strongest form of payment in the world, even above traditional currencies such as USD, Euro, precious metals like gold and silver or other crypto currencies like Litecoin, Dash and Monero.
So if Bitcoin is king of digital payment systems. What does Ethereum do?
At it’s core, Ethereum is disrupting legal contracts – stuff we use to buy in on organizations, courts and government owned institutes. Ethereum was built with a separate use case in mind, to be a programmable blockchain.
This means that developers can program and write smart contracts on top of Ethereum. Some examples of this have been Crypto Kitties and even other crypto’s are written overtop of Ethereum such as NEO.
Ethereum’s talented community of developers make it the best in class of programmable blockchains.
So Bitcoin is best at being a digital form of currency and Ethereum is best at being a programmable blockchain open sourced for anybody to create overtop of.
Another big difference to note is that Ethereum was founded and is lead by a young man named Vitalik Buterin. He is in charge of Ethereum’s future.
Bitcoin on the other hand, has no CEO and any changes to it’s Blockchain are decided upon democratically by the community.
Both crypto’s live naturally in their own habitat, Bitcoin doesn’t try to be a programable blockchain and Ethereum doesn’t try to replace government currency.
Published at Mon, 02 Dec 2019 12:47:17 +0000
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