Bitcoin – Ethereum… as soon as you start diving into the modern world of cryptocurrencies, you will surely have a very reasonable question, namely: What is more profitable Ethereum or Bitcoin? You can think of Bitcoin and Ethereum as the much-talked-about Apple and Microsoft systems. However, unlike Apple and Microsoft, they are completely different from each other, as both have very sundry goals.
Key Bitcoin Features
Bitcoin’s goal is to serve as a decentralized store of value, i.e., a peer-to-peer digital currency used for financial transactions. This completely eliminates the need for third parties for payment technology. The cryptocurrency is highly liquid. Simply put, you can easily convert Bitcoin to cash.
In addition, Bitcoin is completely independent of the political system of the world. Therefore, no one can block an account opened in Bitcoins. Transfers in bitcoins have no pronounced restrictions. Bitcoin runs on blockchain. Usually, this system is compared to a huge book that contains all the records of what happens to the crypto world. Bitcoin is capped at 21,000,000 coins. This creates demand and limited supply, which is good for maintaining value.
The new hardware capabilities have made Bitcoin mining very difficult, increasing the initial cost. Lately, to compete in mining in today’s environment, you must have an ASIC miner. Besides, you have to join a mining pool. Mining pools increase mining efficiency by combining the computing power of the entire pool. The miner’s contribution to the work of the pool determines his/her reward.
Key Ethereum Features
When you decide to exchange Ethereum for Bitcoin, you should be aware of the fact that Bitcoin is digital money, whilst Ethereum is more of a smart contract. This is the easiest way to understand and remember the main difference between the two. Ethereum also differs in that it serves as a platform for creating dApps that allow it to send tokens that represent value.
Ethereum transaction speed is only a few seconds. Ethereum is not limited in quantity. Ether is constantly being created. However, Ethereum mining will slow down a lot over time. The crypto is suited for investment, as it is characterized by a large purchase volume, second only to Bitcoin.
At the moment, it has shown stable development since its inception. The main pro of the cryptocurrency is the absence of intermediary companies. The thing is that it reduces the risk of theft. In terms of value, this currency is located at the top ranks of the top cryptocurrencies. You can buy Ethereum in an online cryptocurrency exchanger or on a regular exchange.
What Is Safer: Bitcoin – Ethereum?
If Bitcoin has been on the market for over 12 years and has passed the test of battle, Ethereum has only been on the market for a little over 4 years. Since other developments can be built on top of Ethereum, it is much slower, becomes congested much faster, and is more susceptible to bugs and attacks.
Ethereum is still far from solving scalability problems, and, most likely, it will face many more difficulties before it becomes the global computer that people want it to be. Thus, Ethereum has more risks. However, the growth potential of Ethereum is much greater, as the possibilities of what can be built on it are theoretically endless. So, Ethereum has more risks as well as more potential rewards.
If you are determined to use an exchanger online, then it is better to choose the most trusted resource. This is what CryptoExchanger is (https://cryptoexchanger.org/). By using this online exchange platform, you can make a profitable cryptocurrency exchange.