Bitcoin vs. Ethereum

Bitcoin has been around for a while is considered the grandfather of cryptocurrency. It is very well known as many other coins have a tendency to follow with it's gains and losses. If Bitcoin were to increase 5%, it is highly likely that other coins also find there way into the green growth. Ethereum has constantly been in the shadows of Bitcoin ever since it was first launched in 2015, which is six years after Bitcoin's launch. However, it is starting to separate it self from Bitcoin more and more everyday. Currently Ethereum is trading at around $910USD, which is 1/10 of a Bitcoin.

There are a couple differences between the two coins. One pretty big one is that it is much faster than the now outdated Bitcoin. Where Bitcoin transactions can take up to 10 minutes to clear, Ethereum seeks to have that done in just seconds. Also it is much cheaper to send Ethereum than it is Bitcoin. Personally being invested myself, I have had to send both Bitcoin and Ethereum many times. The first time I sent Bitcoin it took about 8 minutes to process. The worse part it also cost me about $10USD to send the value of about $125USD. Ethereum on the other had was a much better transfer. It took only about 10 seconds and only cost me $0.40. After that experience it made me learn the hard
way that Ethereum had an advantage in that sense.

Ethereum is an advancement based on the principle of blockchain that supports Bitcoin but with a purpose that does not come close to competing. Ethereum is a cryptocurrency which includes a programmable smart contract platform. Nicknamed the "next generation" or "Bitcoin 2.0", you will surely hear about it for years to come. All transactions in both are kept in public ledgers also known as the blockchain. Ethereum with it smart contracts, makes it so people can get paid regularly after completing a certain task. Similar to wages in a job.

The way to attain these coins is exactly the same. A computer uses it power to focus on confirming transactions that go onto the ledger. They difference is that Bitcoin is already at 2/3 of it marketcap. Meaning that once it is fully mined, no more can be attained. Ethereum in the other hand has been available for quite some time now and has only 1/2 of the marketcap for it mined. Like many things, the rarer, the more valuable. Prices are calculated to increase for both as they continue to be mine.