Ether, the main threat to the Bitcoin?

Very used by companies, the Ether is a considerable success. To the point of being displayed as a potential competitor of the Bitcoin, historical leader of the market of cryptomonnaies.

A record with bitter taste. While the Bitcoin has recently reached a new historic high, above the $ 3,000, another cryptomonte displays even more impressive performances. So much so that Ether, developed on the blockchain "Ethereum", appears as a potential competitor of Bitcoin in a market that has quadrupled in the last two months.

The numbers speak for themselves. The value of the Ether has been multiplied by more than fifty since the beginning of the year (+ 5,000%) to just over $ 400 per unit. Its global valuation is now $ 36 billion (€ 32.2 billion). By way of comparison, the global capitalization of Bitcoin, whose value has more than doubled since 1 January, is 49 billion dollars (43.77 billion euros).

Fast and economical

The reasons for this success are quite simple. The designers of the Ether, launched in 2015, succeeded in seducing companies, when the Bitcoin has mostly seduced individuals. The virtual currency developed by Vitalik Buterin is fast and economical. It is a flow currency. It allows payments in seconds, while the mining methods of Bitcoin, more used to accumulate stocks, allow transactions only per minute.

The new Bitcoin dolphin has also positioned itself on all transactions, even those of a few dollars, which the market leader, whose transaction costs on average two dollars, did not try to capture.