Ethereum vs Bitcoin What is a Better Investment?

What is a Better Investment? — ETHEREUM or BITCOIN

As we dive deep and deep into the digital ocean, we find newest and astonishing discoveries. One such discovery is Crypto-Currency. When we think about investment in crypto-currencies, two names pop into our minds- Bitcoin and Ethereum. Today we wish to make an attempt to burst many myths in order for you to see a clearer picture by the time you reach the end of this article. best crypto exchange platform united exchange

BITCOIN

Bitcoin was invented in 2008 by an unknown person or set of people using the name Satoshi Nakamoto and started in 2009 when its implementation took place. Bitcoin is a global crypto currency primarily invented to be used as a medium of exchange in place of the fiat currency (INR, USD etc) which hoped to be backed by countries.

Bitcoin enables peer-to-peer transactions. The only difference is-you don’t have to pay high transaction fees, and there is no centralized authority that regulates the working of Bitcoin. Bitcoin uses the SHA-256 algorithm to ensure security.

While sending and receiving the money using Bitcoin, the anonymity of the user is maintained. The transaction fee is also very low. It allows individuals to own their own money (without dependence on banks). It aims to bring financial stability for people who live in countries with unstable currencies.

ETHEREUM

Ethereum was launched in 2015 as an upgrade to the weaknesses reviewed in Bitcoin. Ethereum is not a crypto-currency at all- Ether (ETH) is. Ethereum also enables peer-to-peer transactions.

Ether is a token based on the platform called — Ethereum. Ethereum is a programming language and a decentralized software platform. Developers build decentralized apps (dApps) and smart contracts on top of the platform using the language. A smart contract allows users to exchange just about anything of value: shares, money, real estate, etc. In short- Whatever Bitcoin does for money, Ethereum does for contracts.

The primary purpose of the Ethereum platform was to monetize operations of Smart contracts and dApps, but it is also used as a digital currency as well.

TOKENS

In totality, 21 million bitcoins can be mined. When all these coins have been mined, the supply of bitcoins will be exhausted and the prices go-up in this anticipation. At the moment, the circulating supply is around 18,586,737 BTC. There’s no preset capital for a total supply of ETH. At the moment, around 96,815,798 ETH are circulating.

Ethereum is relatively cheap as compared to Bitcoin, hence it is more accessible. Right now, you could buy around 30 Ethereum for the price of a One Bitcoin. Investing in Ethereum is chance to buy low and sell high in the future.

At the moment, one Ether costs around 104,945.24 INR and one BTC costs around 27,25,237.83 INR, which would change the very next moment.

Decision

Kindly understand, Ethereum is not a replacement of Bitcoin rather a complementary component. In the future, in the game of crypto, there is no winner or loser; both Bitcoin and Ethereum are at a win-win situation. It’s better to diversify (split) your funds among various crypto assets and it is a common practice for all types of investors, including whales of the market. Diversification is a practice of minimizing risks, hence creating more opportunities for return, and safeguarding your assets from unfavorable market cycles. How much value to assign to which asset probably depends upon your own-self!