Best Crypto currency : Bitcoin or ETHEREUM

Cryptocurrencies can be a bit confusing and it becomes more confusing when it needs to explain to someone. Is it digital money or more like gold? Is it a new way to pay for online items or a way to save money? There are approx. 9000 types of crypto coins listed in the market, and it is very exhausting and time-consuming to through each one of them to understand the market. So how do we get an insight into the crypto market? To understand the market better we only need to know about the two giants in the space Ethereum(ETH) and Bitcoin(BTC)

Where it all started: Ethereum and Bitcoin

These two coins are probably the OG's of the market as they have the first-mover advantage and strong technical backup.

Their age is very clear, Bitcoin is the elder sibling entering the world as the first cryptocurrency in 2009 and Ethereum the younger one popped out in 2015. Although both are completely different when it comes to core technology and the kind of service they provide. Ethereum has a few positive features that offer far more power than its older sibling as it is a store of information in some important areas. In this guide, we will look at two shared aspects of Ethereum and Bitcoin and their ability to function as a value store and as a store of information. We will also look at some of the unique features that make them unique.

The Older Sibling

Bitcoin as a store of value currency is the strongest in the market at present and will continue to rule as speculated by some crypto experts. As the world's most important and secure cryptocurrency to a certain extent - and the product of living legend with a pseudo name Satoshi Nakamoto- Bitcoin has proven itself. It enjoys more recognition and got a first-mover advantage, and that makes it trustworthy among the investors and easier to buy, store and sell.

The most exciting thing about bitcoin is its is a deflationary currency and can only be mined in a limited amount. Only 21 million BTC can be mined and around 18.5 million bitcoins have been mined. This leaves less than three million that have yet to be introduced into circulation. This scarcity is the core of BTC that makes it a more valuable and heavy-duty currency just like gold.

The Younger One

That doesn't mean there is any less, or ineffective. In such a short span of time, Ethereum has proven its worth and has shown constant growth and excitement among the investors. At the time of writing, its market value and capitalization are second only to Bitcoin. It is beloved that soon ethereum is going to cross bitcoin will grow above bitcoin in terms of market capitalization

In comparison, Ethereum will continue to release the same amount of Ether on a regular basis, so its supply will remain consistent and growing. But ETH is much more than just a cryptocurrency which makes it even more popular among entrepreneurs and GenZ. Ether facilitated decentralized apps to build on its network which is the most revolutionary thing that has ever happen. Ether also facilitates smart contrast and it is said that the technology is ethereum is very easy which makes it more accessible to developers resulting in larger market values.

Talking about the transaction speed ether is way faster and BTC.  Ether transactions are often quickly confirmed by blockchain. Designed to work better than Bitcoin, in part due to its new and improved cryptocurrency. Its details are very complex but very accessible to developers who are looking to get into it completely.

Markets and Crypto

Although Bitcoin is better at keeping value than Ethereum, at least for now, but that hasn't stopped ethereum. Ether has quickly grown its value and become the preferred method of transferring wealth to individuals and companies. In mid-2017, it surpassed Bitcoin in the daily transaction value. Today ether has more than 3-time transactions as compared to bitcoin.

Empowering others

While both Ethereum and Bitcoin have different technology and working method there is one thing that they have in common which is the problem they are solving-  the decentralization of the world. The basic use of Ethereum makes it very different from Bitcoin, the most important contradictory difference in the technology behind each is what that means for other cryptocurrencies. Again Bitcoin is a store of value and Etherum is a store of information.

While Bitcoin supports easy writing (by comparison), Ethereum can handle some of the most difficult challenges due to its smart contract system.

So, which is the best?

While you will come up with people who are taking sides (either with etherum or with bitcoin) and this has no conclusion whatsoever. Both Bitcoin and Ethereum have their advantages, and like many other cryptocurrencies, what’s best for you depends largely on your financial situation and what you want in your investment.

 

If you want to store your money digitally with the most guaranteed and secure form and with the help of the most advanced technology, Bitcoin is the best of these two currencies. It is very expensive out there, however, it will definitively give you good returns as per current marketing situations.

Ethereum is highly regarded among developers who are trying to build decentralized apps and not just store and hold their money. Also, ETH is very fast with transaction speed as compared to BTC. With the problem of small scale, its blockchain is very open, and you will see your money grow guaranteed very quickly. You will be charged a very small fee as well. Not perfect, but much better than Bitcoin that way.

Conclusion

As a whole, this is something very new and rewarding for human civilization, however, this should not be considered financial advice. If you are planning to invest in Bitcoin or Ethereum, do your research first. Digital money is still a small business, and nobody knows what does the future holds