Ethereum Vs. Bitcoin: What Sets Them Apart?
there's an arms race going on right now in the world of cryptocurrencies and Bitcoin and ether are leading. the pack ether is a six-year-old digital currency bitcoins closest competitor and it's largely been flying under the radar despite growing at breakneck speed investors. have been super bullish on Bitcoin because it's nearly double in value so far this year.
these rivals have a lot in common they're both open-source digital currencies. used to make somewhat anonymous transactions if they even have digital coins just like Bitcoin. both powered by a type of technology called block chain . a whole lot of people think ethers technology is way better so what's watching think of it like the DNA of a digital currency it's an online ledger that reports every single transaction made since cryptocurrency has no physical imprint blockchain allows money to be tracked all over the web. so it can't be copied or counterfeited ethers blockchain is called aetherium and unlike bitcoins blockchain it features a key piece of technology called the smart contract.
it doesn't just track transactions it programs them we have a touch of this now with automated payments and deposits but imagine being able to have your money invest spend and save. all on its own you'd literally be putting your money to work for you smart contracts let you exchange not just money. but property stock really anything without having to go through a lawyer notary or some other service provider it cuts. out the middleman entirely that's why investors have taken notice and why many think aetherium is a stronger and potentially. more lucrative technology than the one that underpins Bitcoin it's like the ultimate vending machine.
you make a deposit of the cryptocurrency for the specific product you want and altima can't expect transaction or automated right down to the penalty. you don't hold up your end of the bargain so whereas bitcoin is all about payment technology the etherium blockchain technology has other real-world applications. ranging from gambling to banking that's why a big driver of the ether rally is its popularity among big corporates.
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