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RE: Cryptos in a free fall - Ethereum hit hard, more pain in near future
As someone strongly ignorant about cryptos, why would someone want to own ethereum over Bitcoin?
As someone strongly ignorant about cryptos, why would someone want to own ethereum over Bitcoin?
Both have their use cases. Bitcoin has the branding going for it whereas Ethereum has the smart-contracts going for it. There are over 100 applications being developed on Ethereum blockchain as opposed to Bitcoin blockchain.
We all begin as not informed and educate our selves bit by bit. From what I gathered in a nutshell, Bitcoin is finite and Ethereum is subject to some degree of inflation. Both a digital currency they are exchanged for others in the market and can purchase goods or services where they are accepted. Block chain is a digital ledger that can be programmed for functions with almost any application. They are not controlled by a single entity and have no single point of failure.
Ethereum uses smart contracts to not only facilitate transactions but in a way program them through rules that act as a virtual escrow. Speculations, fear and greed drive the markets on an investment level but the technology behind an given issued coin sustain its growth in the long run or let it fizzel out. Those two are pillers from which other coins are derrived from but some alternative coins have variations of new code built in to serve other application functions. In a nutshell.
hey, thank you... gives me something to build off of