Technical and Fundamental Comparison Between Bitcoin and Ethereum
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyzer. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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When we talk about Cryptocurrencies, we can't forget the name of the world's Largest Cryptocurrency which is known as Bitcoin. We can say that Bitcoin is the first Cryptocurrency which is created as a Digital Currency. We can say for sure that Bitcoin was the originator of almost every other cryptocurrency.
The most interesting thing about this Bitcoin is that it is highly decentralized and we have never heard of anyone hacking Bitcoin. We have never heard of anyone hacking this Bitcoin in any way and stealing other people's money. That way we can think about the security and success of Bitcoin which has proved it uncountable times.
If anyone had invested money in Bitcoin and had not withdrawn that investment for at least 4 years, it is safe to say that they would all be very profitable today. This is because every time a bitcoin halving event takes place, the value of bitcoin increases many times over.
On the other hand, Bitcoin is the strongest Cryptocurrency by its fundamentally and as well as Technically. There are a lot of indicators created on behalf of Trading Bitcoin. In recent days, the market capitalization of Bitcoin had exceeded 1 trillion. Furthermore, we all know that Bitcoin is the cryptocurrency with the highest market capitalization.
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Ethereum can be defined as the Second Largest Cryptocurrency in the world which is also known as the first Altcoin. Ethereum is created as a solution for bitcoin and its Transaction speed is quite faster compared to Bitcoin. However, it still stays in the second place in the Crypto world.
There are a lot of developers who have created a lot of Projects in this Ethereum Blockchain. That's why it is more popular among Crypto fans. However, we can't see a Maximum Supply on this Ethereum coin which is the negative side of this Ethereum asset.
When we talk about Smart Contracts, we can't forget the name of the Ethereum Project. With the help of Ethereum Blockchain, developers and creators have the ability to Create new Tokens or Projects in the Blockchain with a lot of advanced features. That's why Ethereum is also known as the founder of Smart Contracts for Crypto-Related Projects.
Ethereum developers are working on a long-term plan and they are going to shift from the Proof of Mine mechanism to the Proof of Stake mechanism. Still, Crypto miners can mine ETH by GPU or any other mining method and they are acting as validators to mine new blocks within the blockchain. However, in the near future, they will announce their Proof of stake mechanism which miners should stake ETH to act as validators.
When we do a Comparison Between Bitcoin and Ethereum, there are a lot of things to discuss such as its Transaction Speed and Transaction fees. We have to pay a considerable amount of gas fee for sending Ethereum coins as Transactions. However, in Bitcoin, we can do it by sacrificing less than 1 dollar as the Transaction fee. However, the Transaction speed is quite high when we Transact with Ethereum coins. At the same time, Ethereum has created a lot of projects such as Powerful Smart contract projects and related Dapps. But, Bitcoin is quite silent and works as a fully decentralized self-operated blockchain that depends only on miners. We can clearly see the Ethereum founder as a recognized person while Bitcoin has disappeared after its invention of Bitcoin. Bitcoin has never failed any single Transaction after stabilizing it. But, unfortunately, Ethereum and many other Altcoins have failed millions of Transactions.
I have studied the below-sourced articles to further study these topics and I have explained all the above facts in my own words and experience.
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Thank you very much for your attention. I have just changed it
Cc - @fredquantum
Both analysis methods are good and are used on different occasions
Thank you very much for your valuable comment. It really motivates me to do such articles again.
It's really worth listening to in the midst of these conditions and of course I'm currently at a very low point.
Really sad to hear your point. We all are in the same condition including Micro strategy and Elon Musk. Let's wait and see.
Hello dearest friend @moneyster
Thank you very much for giving such an informative post.
I enjoyed going through your post and I hope to read more of your interesting post.
#steem-on 💙
You are most welcome my dearest friend @jueco. I want to thank you, especially for your encouragement which is very important for me. Keep reading my articles.
I’ve been learning a lot from your post.
Thanks for alway educating us
Thank you for visiting my article every day. Stay active in this community and you will have a long journey here.