How To Invest in Cryptocurrencies - A beginners Guide - Part 2 | @besticofinder | Steemit Crypto Academy | Lesson 7 | by @zaghi

Hello Friends,

I am @zaghi and I will talk about 2 crypto currencies that for me have great potential but one of them is better for me than the other for the reasons that I will say in the body of this post.

Many thanks to Professor @besticofinder for the dedication he has every week and delivery to this community thanks also to the curators and the host that makes possible the weekly learning of a new topic very important for those who invest or want to invest in cryptocurrencies.

I am a newcomer to the platform (steemit), and this is my first post in this community. And I hope it's great.

The two crypto currencies or project on which I will love to talk about are Ethereum vs Bitcoin.

Source

Ethereum differs by serving as a building platform for smart contracts, which allow it to send tokens that represent values. These values can be things other than digital currencies, making it different from Bitcoin.

My decision:

I would prefer you invest on Ethereum rather than Bitcoin because, Ethereum’s blockchain runs smart contracts while Bitcoin doesn’t and instead only focuses on manual payment technology.

It’s clear that there are benefits to using both Bitcoin and Ethereum. Bitcoin has a lower coin supply and is more liquid than Ethereum, but Ethereum has better technology and provides more uses than Bitcoin does.

Social comparison of the two crypto currencies

Source

Ethereum blockchain is a decentralized network that was founded by Vitalik Buterin, and it was released in 2015, which means it's 6 years newer than Bitcoin which released in 2009.
While
Bitcoin is a currency that was created in 2009 by some persons using the name Satoshi Nakamoto.
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer.

Market capitalization Ethereum Vs Bitcoin

The market capitalization refers to as "market cap" is the total value of all coins in existence.
Ethereum’s market capitalization is about $84.2b.
While
Bitcoin’s market capitalization is $147.3b.

Here are some important and major difference between the two crypto currencies

• When you are talking about Bitcoin, what should be in your mind is "digital money".
  While
  In Ethereum you should think of smart contracts.

• Ethereum’s transactions are automatic / programmable.
  While
  Bitcoin’s transactions are manual

• Ethereum’s block time, which is the transaction's speed takes just seconds
  While
  Bitcoin’s block time, however, is minutes.

• Ether is designed to help speed-up the Ethereum network and power transactions.
  While
  Bitcoin is used to be the value of real-world transactions.

• Bitcoin is limited to 21,000,000 coins, which creates supply and demand and is healthy for a store of value
  While
  Ethereum is not limited, and the production of Ether is continuous.

CONCLUSION

Let me conclude by saying the primary differences that separate Ethereum vs Bitcoin are their purposes and their concepts.

It’s clear that there are benefits to using both Bitcoin and Ethereum. Bitcoin has a lower coin supply and is more liquid than Ethereum, but Ethereum has better technology and provides more uses than Bitcoin does.

I am grateful to professor @besticofinder for such a great lecture, and special thanks to the curators,

• @steemcurator01
• @steemcurator02
• @@@steemitblog
  God bless you all.

Thank you all for your time..