Ethereum vs Bitcoin: Comparison of the Biggest Cryptocurrencies

Ethereum vs Bitcoin: Comparison of the Biggest Cryptocurrencies

Cryptocurrency and the blockchain technology have been having a rather significant impact on modern society. Just a decade ago many people could not have even imagined that something like that will erase, develop and speed up technological progress. Today Ethereum and Bitcoin currency are two indisputable leaders among other digital currencies by market capitalization.

After the launch of these two virtual currencies, we started thinking about money differently. For example, if you told someone lets say 7 years ago that digital currencies could have potentially become an alternative means of payment, hardly anyone would have taken that seriously.

Ethereum vs Bitcoin: Performance

Bitcoin

This is the world`s largest cryptocurrency by market capitalization, that is indeed the most popular and demanded virtual asset on the market. It was developed by a person or a group of people who used a name Satoshi Nakamoto. The first digital cryptocurrency ever was launched back in January 2009.

Bitcoin actually stands for two things: a cryptocurrency and a peer-to-peer payment system, where BTC is used.

These innovative digital payment system with a cryptographically protected accounting unit that provides access to its services was a very first successful project of that kind. It had a really strong impact on the further development of the cryptocurrency industry and even beyond. Since the payment system is based on the blockchain technology, it helped popularize this technology that can be applied way widely that just in virtual currencies.

Bitcoin payment system is used to purchase goods and services, as well as to store a valuable monetary resource (in this case the cryptocurrency is actually similar to gold).

Purchasing BTC is not the only option to get the most popular digital coins. One can also engage in mining or use Bitcoin faucets. This digital currency has a limited number of coins to be issued. The smallest fraction of BTC is called satoshi and amounts to 0.00000001 BTC.

Ethereum

This is the second cryptocurrency by market capitalization, as well as a platform for the development of decentralized blockchain-based applications, created by Vitalik Buterin, Joseph Lubin, Gavin Wood, and others. The cryptocurrency was initially launched in July 2015. This is an inflationary coin, which means that the issue of ethereum coin is not limited to a certain number.

Just like Bitcoin, Ethereum basically stands for two things: a platform for the development of decentralized blockchain-based applications and smart contracts, and a well-known crypto coin ETH. The smallest fraction of ETH is called Wei and amounts to 0.0000000000000001 ETH.

Ethereum vs Bitcoin: Price

Different media and not only crypto-related ones, often talk alot about these two cryptocurrency market leaders. And first of all, everybody is paying attention to their rates, of course. But following media outlets is not the only option to find out the price of any Crypto coin. You can use online services like CoinMarketCap to check the current rate of any virtual currency to fiat money or to another coin. There are also different charts and diagrams that demonstrate rate volatility, so that users can check how the rates of cryptocurrencies were changing throughout their history.

Bitcoin price

BTC rate is not that sustainable. It changes all the time and it is rather difficult to make any predictions especially in the long term.  When this article is written, the rate of the first virtual currency is not really doing its best. Bitcoin price USD amounts to around $6.5 thousand per each coin.

BTC rate reached its all-time record in December 2017. Back then nearly all experts, analysts, BTC holders, investors and just those who were interested in digital currencies were really shocked, when the BTC price was approximately $20 thousand per a coin. Those who managed to sell their Bitcoin assets at such a high price really made a lot of money, while those who had been rather sceptical about BTC since the very beginning were kicking themselves. Today, there are about 17,3 million BTC in circulation and the total trading volume amounts to $3,538,226,691.

Bitcoin price today is almost four times lower than it used to be back in late 2017. However, still many crypto-enthusiasts, experts and opinion leaders are rather optimistic. They expect another rapid increase of the cryptocurrency market soon.

Ethereum price

ETH rate is not doing its best, just like Bitcoin. At least that is what is happening on the market today. Etherium price varies and fluctuates from time to time which makes holders of this coin nervous.

Ethereum price today is about $205 per each digital coin. World`s second cryptocurrency also has its own record – back in December 2017 the rate reached approximately $1,2 thousand per one ETH. This Ether rate increase was really difficult to predict. Today there are 102 million ETH in circulation and the daily trade volume is $1,224,203,671.

Today ETH price is around 6 times lower than it used to be in winter 2017. However, the platform itself is still very popular. Many experts believe that  this is a key to the future success of the platform and the cryptocurrency.

Ethereum vs Bitcoin: Chart

If you do not know but want to learn how to predict the fluctuations of BTC, ETH and other cryptocurrencies, then you need to understand the basics of deep diagram analysis. We will not go deep into details and focus on easier things.

Bitcoin price chart

It is known that any centralized authority has no direct impact on Bitcoin. All management operations, as well as the issue of new coins is carried out in the network itself. The first cryptocurrency is an open resource, because it is developed publicly, has no managers and is not directly controlled by anyone.

Bitcoin chart shows that the rate of Bitcoin has increased amazingly since the launch of the payment system and the cryptocurrency. This made traders and investors to consider it as an attractive investment opportunity and made it much more reasonable to purchase or exchange BTC for USD.

The highest Bitcoin value was registered in December 2017 when one digital coin was traded at the price of $20 thousand. That was something. However, today, in October 2018, BTC cannot overcome $7 thousand. Given that only less than a year has passed, many people worry that the rate is too unstable.

Ethereum price chart

Everyone can check the price fluctuations of all cryptocurrencies and digital tokens on their own. You should not have any special skills related to economics or analytics to do that. You can just use special services to monitor the situation on the cryptocurrency market. As usually, we recommend the most popular and convenient one – CoinMarketCap.

There is a detailed Ethereum chart there. It can help be aware and follow all cryptocurrency fluctuations. The charts will also help figure out when it is the best time to sell the digital currency or to buy it.

Almost a year ago the cryptocurrency broke its all time rate record. One ETH cost a bit less than $1,3 thousand. You can check it and monitor ETH chart. Today the rate is way less and amounts to just a bit more than $200 per each ETH.

Ethereum vs Bitcoin: Investment

Cryptocurrencies have a promising potential and that is why many investors consider these digital assets rather attractive especially in the long term. Today virtual cryptographically protected money is one of the most innovative approaches on the financial market and a number of people have already managed to make a fortune using them.

Bitcoin investment

Let’s talk a little bit about how appealing is the most popular cryptocurrency for investors. Well, BTC is being adopted to the world’s financial markets and the growing interest to this virtual asset may ensure that its rate increase.

Invest in Bitcoin or not is up to every user. However, we will take a closer look at how one can do it. BTC was launched back in 2009 and at that time (as well as quite a long time after that) only a very few people really considered Bitcoin a good investment. Today it is different – even those who are not really interested in cryptocurrencies would probably be glad to own several coins.

Ethereum investment

The second cryptocurrency by market capitalization was initially launched in 2015 and, unlike Bitcoin, became rather popular right away. Many people believe that ETH is a very promising alternative to BTC.

The main problem of many different cryptocurrencies is that they actually depend on Bitcoin. BTC indeed has the best liquidity and that means users often have to exchange their coins for BTC first and then exchange BTC for the US dollar or other fiat money. ETH is different, however.

Invest in Ethereum is considered a profitable investment by many experts, as they believe that this cryptocurrency will be demanded on the market. Since it has an unlimited emission, many users think that ETH mining will always be demanded.

So let’s get back to how one can invest in Bitcoin and Ethereum.

Option 1: Speculation in cryptocurrency rate as a way of investment

The main thing here is to sell the cryptocurrency at a price that is significantly higher than the cost of your purchase. For example, in 2013 you bought one BTC at a price of $ 200 and sold it in December 2017, when the price of a currency almost exceeded $ 20 thousand for one coin. If you do some small mathematical calculations, then you will be surprised by the profit that you could get on the difference of one coin. Imagine that in 2013 you bought not one, but 10 coins.

Option 2: Mining

To mine these digital currencies you will need a high-performance equipment that you can either purchase or rent. These investments will help you get the coins and then hold them or trade. Always keep up with the latest rate to make a good deal.

Ethereum vs Bitcoin: Wallet

It is better to have a wallet to store your money. Cryptocurrency is also a kind of money, and it also should be stored in a special wallet. There are many different ETH and BTC wallet option and developers have created many different services for users to keep their cryptocurrency assets. Some of them operate online, while others are stored locally.

When you choose Bitcoin and Ethereum wallet, the most important thing is actually its security. You’d better spend some time checking this. You can also look through different reviews and comments from other users.

You basically need a cryptocurrency wallet to make operations with your virtual currencies. There are five main Ethereum and Bitcoin wallet types:

  • web;
  • desktop;
  • mobile;
  • hardware;
  • paper.

Users of such platforms and operating systems as Android and iOS, Windows, MacOS, and Linux are lucky because every single type of the wallet usually operates on them. Online Bitcoin wallet, as well as online ETH wallet actually stores cryptocurrency in the cloud, while hardware wallets do that locally on your device. There are also paper wallets, where all the information related to the private key is written down on the paper.

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Cryptocurrency Prices Today, January 18: Cryptocurrencies Are Relatively Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coingecko online platform, Bitcoin (BTC) added 1% over the past 24 hours. The price at the time of writing is $3611 per coin.

Cryptocurrencies are demonstrating both slight increase and decrease:

Bitcoin Cash added 0.61% over the past 24 hours and costs $129 per coin;

Ripple grew by 0.21% and costs $0.32;

EOS increased by 2.72%, and its price is $2.51;

Litecoin gained 1.1%, and its value is $31;

Cardano added 1.62%, and its cost is $0.046;

Stellar gained 2.44% and costs $0.10;

IOTA increased by 5.41%, and its cost is $0.31;

Dash grew by 2.21%, and its price $72;

Monero became more expensive by 0.35% and costs $45.

Over the past 24 hours, Ethereum added 0.66%. The rate of the coin is $123.

The total market capitalization is $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

BitPay is a US-based bitcoin payment provider which has recently announced its financial results of the past year. The company has processed over $1 billion in transactions alone. Moreover, its B2B payments record 225% increase in compare to 2017.

The main reason of such a lift-off is that Bitpay added a lot of new clients, like Dish Networks, HackerOne, and the State of Ohio, as well as many other law firms, data center providers, and IT vendors.

The CEO of BitPay, Stephen Pair, commented on this development:

“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

BitPay mostly supports Bitcoin transactions, however, it also supports payments with Bitcoin Cash, Gemini, and Paxos. During that year a lot of companies had to lay off their employees due to the market situation, yet, Bitpay conversely increased its manpower by 78 percent in the past year.

In addition, BitPay is attractive to the investors, in 2018, it raised $40 million in Series B funding round taking the total raised capital to $70 million.

We remind you

Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

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Cryptocurrency Prices Today, January 17: Cryptocurrencies Are on the Border of the Red and Green Zones

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 0.8% over the past 24 hours. The price at the time of writing is $3582 per coin.

Some cryptocurrencies slightly decreased, others added in price a little:

Bitcoin Cash lost 2.6% over the past 24 hours and costs $126 per coin;

Ripple dropped by 1.1% and is $0.32 in rate;

EOS added 0.34%, and its price is $2.44;

Litecoin decreased by 2.66%, and its value is $30;

Cardano grew by 1.3%, and its cost is $0.044;

Stellar fell by 1.73% and costs $0.10;

IOTA lost 3.42%, and its value is $0.29;

Dash dropped by 0.52,% and its price is $71;

Monero became more expensive by 1.21% and costs $45.

Over the past 24 hours, Ethereum lost 2.17%. The exchange rate of the coin is $121.

The total market capitalization rose to $121 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, it is $63 billion.

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Cryptocurrency Prices Today, January 16: Cryptocurrencies Are Again in the Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coingecko online platform, Bitcoin (BTC) lost 0.3% over the past 24 hours. The price at the time of writing is $3597 per coin.

Cryptocurrencies are falling in price:

Bitcoin Cash lost 3.78% over the past 24 hours and costs $127 per coin;

Ripple lost 1.74% and is $0.32 in price;

EOS dropped by 1.06%, and its price is $2.44;

Litecoin fell by 4.12%, and its value is $31;

Cardano lost 0.03%, and its cost is $0.043;

Stellar decreased by 1.7% and costs $0.10;

IOTA lost 1.01%, and its cost is $0.30;

Dash dropped by 2.49%, and its price is $71;

Monero
became cheaper by 1.81% and costs $45.

Over the past 24 hours, Ethereum lost 6.06%. The rate of the coin is $121.

The total market capitalization rose to $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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A Video Gamer Received a 20-Bitcoin Donation on Twitch

A video game player under the nickname Sick Nerd received a donation from an anonym in the amount of 20 Bitcoins when playing the game RuneScape and streaming it on the platform Twitch.

Sick Nerd mentioned this on his Twitter:

At first, the streamer received only 4 BTC. He didn’t take it seriously right away, but kept receiving new donations in cryptocurrency. Overall, Sick Nerd became richer by over 20 BTC during his streaming session.

This is the largest crypto donation sent to a video game player ever, and, of course, the largest donation ever received by Sick Nerd (more than 70 thousand dollars).

Cryptocurrency keeps making its way into every sphere of human activity, and video games are no exception. We remind you:

Cryptocurrency Games: Bitcoin Game Review

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Cryptocurrency Prices Today, January 15: Cryptocurrency Is Trying to Regain Its Positions

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) gained 2.9% over the past 24 hours. The price at the time of writing is $3626 per coin, but it remains quite volatile and changes the value.


The rest of cryptocurrencies are also in the green zone:

Bitcoin Cash added 4.99% over the past 24 hours and costs $133 per coin;

Ripple plus 4.58%, and is $0.33 in value;

EOS added 10.17%, and its price is $2.51;

Litecoin became more expensive by 6.66%, and its rate is $32;

Cardano grew by 5.85%, and its value is $0.043;

Stellar added 5.15% and costs $0.11;

IOTA gained 4.92%, and its cost $0.31;

Dash added 2.19%, and its price is $73;

Monero increased by 8.22% and is $46 in price.


Ethereum added 10.5% over the past day. The cost of the coin is $130.

The total market capitalization is $123 billion. Bitcoin accounts for 52.4% ​​of the total volume. In monetary terms, this is $64 billion.

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