• Call Us: +92 302 8844114
  • Email Us: mindgigspk@gmail.com
  • Home
  • About US
  • Projects
  • Services
    • Domain Hosting
    • Web Development
    • Android Development
    • Content Writing
    • Digital Marketing
    • Graphic Design
  • Training
    • Web development course in Peshawar
    • Python Course for Beginners
    • Flutter App development
    • Digital Marketing course
    • GRAPHICS DESIGNING
  • Blog
  • Careers
    • Internship Apply
  • Contact US
  • Home
  • About US
  • Projects
  • Services
    • Domain Hosting
    • Web Development
    • Android Development
    • Content Writing
    • Digital Marketing
    • Graphic Design
  • Training
    • Web development course in Peshawar
    • Python Course for Beginners
    • Flutter App development
    • Digital Marketing course
    • GRAPHICS DESIGNING
  • Blog
  • Careers
    • Internship Apply
  • Contact US

Claritas est etiam processus dynamicus, qui sequitur mutationem consuetudium lectorum eleifend option congue nihil imperdiet doming.

Recent Posts

  • what is email marketing

    Email Marketing

    20 January, 2023

  • what is amazon virtual assistant blog

    Amazon Virtual Assistant

    20 January, 2023

  • what is seller account of daraz

    SELLER ACCOUNT OF DARAZ

    20 January, 2023

  • social media vs electronic media

    Social Media Vs Electronic Media

    20 January, 2023

Contact Us
  • 123 6th St. Melbourne, FL 32904
  • Phone: (888) 123-4567
  • Email: info@example.com

Follow Us On

Blog

Bitcoin vs Ethereum: Which is better?

Published On - January 18, 2018

admin All

Bitcoin vs Ethereum: Which is better?

bitcoin vs ethereum

So Bitcoin is the first ever cryptocurrency of the digital age. Ever since its inception in 2009 by mysterious Satoshi Nakamoto, it has taken the world by storm. Its market value recently reached $22,000— until it fell down to $11303– as of today. The market capitalization of this crypto currency stands at 33% as compared to 20% of the Ethereum.

Ethereum on the other hand was introduced to the world recently in 2015, by Vitalik Buterin. Its current market value stands for $1033.

In this blog, I aim to differentiate between the two digital currency as simply as possible. To begin with, I must say there are two types of digital currency. One is crypto currencies which include likes of bitcoin, litecoin, rapid, dodge coin etc. The other one is Token which has ethereum, storj, filecoin etc.this main summary of whole bitcoin vs ethereum.

Agenda

The first difference between Bitcoin and Etheruem is in their agenda and intention. Bitcoin was made to replace all known paper currency and become one and only global currency of the world. Ethereum does not aim for that. Ethereum works on tokens called ether, which is fuel of everything on the Ethereum network. The token technology aims to make viable smart contracts and decentralized application.

Smart contracts are digital contracts between buyer and seller without an intermediary. Normal contracts have signatures while smart contracts are bonded on the block chain of Ethereum. Examples of smart contract include purchase of property, lawyer contracts, and transactions.

Decentralized applications are the software packages made by developers on Ethereum network. They have no downtime, frauds etc. Developers use ether to develop and fund new viable projects. They also use applications through ether in the Ethereum community.

Storage of Value

Bitcoin is the gold of all crypto currencies. The reason being is; it is the oldest of all altcoins. The bitcoin builds on revolutionary technology of blockchain. Blockchain is the decentralized public ledger which shows transaction history of all bitcoins since its initial mining date.

There are limited numbers of bitcoins that can be mined. The maximum limit stands at 21 million. No more bitcoins can be mined than that. This gives bitcoin huge advantage in terms of supply and demand curve. As the bitcoin mining process approaches its max limit, its available limit decreases which increase its demand. This subsequently increases bitcoins market value.

This property of bitcoin make it modern day gold. As people invest in gold and reap benefits in the future. Cyber investors are investing in bitcoin as it is viable storage of value.

The Ethereum on the other hand does not have fixed mining limit. Every year, 18 million new ether enters the Ethereum market. This makes Ethereum more speculative and hence its value of storage is less as compared to Bitcoin.

The other point here to note is that, induction of new ether every year would drastically disturb the supply, resulting in excess of ether in the market. This would cause ether to lose the market value in the longterm.

As a Transactional Medium

This property of Ethereum brings us to our next point, i.e. digital currency as a transactional medium. Bitcoin is notorious for long transaction time of about 10 minutes. This makes its less in demand for transactional purposes. The merchants for example prefer crypto with less transaction time.

Ether has low transactional time ranging from 10 to 20 seconds. Currently, litecoins are used by merchants to settle low value buying and selling of goods. However, ether has same potential to even surpass litecoin, which has transaction time of 2.5 minutes.

Confusion in Terms

Bitcoin is the name of the currency and the block chain technology. Bitcoin with capital ‘B’ is used for refer to Block Chain interchangeably. Whereas, bit coin with small ‘b’ is used for the currency. The symbol BTH is also used to denote bitcoin currency

ETH is used for ether, the token of ethereum. Etheruem is the network of blockchain. However, it is used to denote ether interchangeably.

Conclusion

It is clear from above discussion that bitcoin and ethereum are digital currencies build on same block chain technology with different purposes and goals. Bitcoin is great for investment as it offers excellent storage value whereas Ethereum is great for transactions, smart contract and decentralized applications.

So this all about bitcoin vs ethereum.

Content Written: Waqas Khan

Affliate Sites: Mindgigs, Zahyd, Codimize Viral Kar Online CSS Academy

Back to Blogs

Tags: 1 btc to inr 1 btc to usd bitcoin account bitcoin buy bitcoin cash price bitcoin login bitcoin mining bitcoin news reddit bitcoin news updates bitcoin stock bitcoin value bitcoin wallet bitcoin wiki ethereum price ethereum price usd how bitcoin works how to get bitcoins litecoin price satoshi nakamoto
Previous Post 5 Free Great Websites to Make Logo for your Brand
Next Post Bitcoin vs Ripple: A True Global Payment System
Related Articles

December 12, 2022

What is DIGITAL MARKETING

What is DIGITAL MARKETING? Marketing is to promote your products and services which increases your sales. Digital Marketing is the type of marketing that occurs on online platforms like social media, websites, emails, and YouTube. It serves the same purpose as traditional marketing, but it uses electronic devices such as laptops, tablets, and mobiles to […]

By admin

August 24, 2022

5 best software house in Islamabad

Science and technology are developing rapidly to bring new solutions and innovations to the problems facing humanity. These are passionate engineers, designers, and curators who tap into the problem and are excited to solve it with the latest technologies and platforms.5 best software houses in Islamabad Pakistan is no different from other countries of the […]

By admin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Email Marketing
  • Amazon Virtual Assistant
  • SELLER ACCOUNT OF DARAZ
  • Social Media Vs Electronic Media
  • What is Amazon Wholesale?

Recent Comments

No comments to show.

Archives

  • January 2023
  • December 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • February 2021
  • November 2020
  • June 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • July 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • December 2018
  • August 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017

Categories

  • Agencies in Pakistan
  • All
  • Branding
  • Business
  • Business Plans
  • Business Services
  • Career
  • Competitive Research
  • Courses
  • Development
  • Education
  • Finance & Accounting
  • Funding Trends
  • health
  • IT
  • Marketing
  • properties
  • Startup
  • Technology
  • Tips and tricks
  • Uncategorized
  • Web

RECENT POSTS

  • what is email marketing

    Email Marketing

    20 January, 2023

  • what is amazon virtual assistant blog

    Amazon Virtual Assistant

    20 January, 2023

  • what is seller account of daraz

    SELLER ACCOUNT OF DARAZ

    20 January, 2023

  • social media vs electronic media

    Social Media Vs Electronic Media

    20 January, 2023

Categories

  • Agencies in Pakistan (5)
  • All (35)
  • Branding (1)
  • Business (14)
  • Business Plans (8)
  • Business Services (7)
  • Career (16)
  • Competitive Research (4)
  • Courses (10)
  • Development (8)
  • Education (13)
  • Finance & Accounting (2)
  • Funding Trends (2)
  • health (13)
  • IT (30)
  • Marketing (7)
  • properties (1)
  • Startup (5)
  • Technology (18)
  • Tips and tricks (1)
  • Uncategorized (45)
  • Web (1)

Archives

  • January 2023 (5)
  • December 2022 (3)
  • October 2022 (1)
  • August 2022 (4)
  • July 2022 (2)
  • June 2022 (2)
  • May 2022 (5)
  • April 2022 (4)
  • October 2021 (4)
  • September 2021 (17)
  • August 2021 (22)
  • July 2021 (16)
  • June 2021 (16)
  • May 2021 (8)
  • April 2021 (1)
  • February 2021 (1)
  • November 2020 (2)
  • June 2020 (1)
  • May 2020 (1)
  • March 2020 (1)
  • February 2020 (1)
  • January 2020 (1)
  • December 2019 (2)
  • November 2019 (5)
  • October 2019 (6)
  • July 2019 (1)
  • May 2019 (1)
  • April 2019 (3)
  • March 2019 (1)
  • January 2019 (3)
  • December 2018 (2)
  • August 2018 (1)
  • June 2018 (3)
  • May 2018 (8)
  • April 2018 (4)
  • March 2018 (4)
  • February 2018 (7)
  • January 2018 (14)
  • December 2017 (3)
  • November 2017 (7)
  • October 2017 (5)

Tags

#Blogs #WordPress 1 btc to inr 1 btc to usd academy in islamabad best software house in peshawar bitcoin account bitcoin buy bitcoin cash price bitcoin login bitcoin mining bitcoin stock bitcoin wallet Business Business Services Computer Courses in peshawr computer short courses in peshawar Corporate creative ways to make money ethereum price ethereum price usd Finance & Accounting Haris institute peshawar how bitcoin works how to get bitcoins it companies in Peshawar list of private companies in peshawar litecoin price make money online fast make money online paypal make money online with google Mobile Office Online Popular puretech peshawar satoshi nakamoto software house in hayatabad peshawar software house in peshawar software house in peshawar deans software house in peshawar internship software house jobs in peshawar top 10 software houses in peshawar top software house in peshawar web development courses in peshawar
About Us

Mindgigs best Web Services, IT Training Center, Mind Gigs is one of the Top Software house in Peshawar, The Mind Gigs Software house was founded in 2010 and now in top most leading IT companies in Peshawar.

Our Services
  • Web Development
  • Android Development
  • Graphic Design
  • Digital Marketing
  • Content Writing
Our Products
  • Online Media Management
  • App Showcase
  • Content Marketing
  • SEO Optimization
  • Digital Marketing
Contact Us

Office Address
Near NIC PTCL Training Center, Board Bazar,

University road Peshawar

Phone: +92 302 8844114

Email: mindgigspk@gmail.com

  • Home
  • About US
  • Projects
  • Services
  • Contact US

© 2022 — MindGigs. All Rights Reserved.

WhatsApp us