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Comparison between Bitcoin and Ethereum

What is the main difference between Ethereum and Bitcoin?

Some new terms have emerged recently, on the world currency market, and due to the prevalence of electronic sales and purchases, electronic currencies have emerged, known as bitcoin and followed by Ethereum, and the following is an illustration of the difference between the two currencies.


Comparison between Bitcoin and Ethereum

Differences Between Bitcoin and Ethereum - Bitcoin and Ethereum are defined, and testicles are also identified.


Comparison between Bitcoin and Ethereum
Comparison between Bitcoin and Ethereum

The common features of bitcoin and Ethereum

  • Bitcoin and Ether are characterized by rapid circulation and transfer.
  • There's no charge for the transfer.
  • The many States continue to subject it to the debate table to allow its circulation.

Definition and characteristics of bitcoin currency

1- The programmer Satoshi Nakamoto proposed digital currency as an electronic payment system to avoid any central authorities that could easily be traded through certain online platforms.


2- Bitcoin is known by many as that currency.

  • Virtual digital decentralization in the sense that no one can control it.
  • It's traded through web pages with a technology called Blockchain.

3- No one can block or print Bitcoin because it has several special rules in circulation that are used by a group of individuals through BlockChain, where it monitors and handles any Bitcoin transactions.


4- The "Bitcoin Rules Protocol" relies on the introduction of only 11 million digital currencies, of which it is possible that these currencies could be divided into smaller, lower-value categories known as "satoshi" as proposed.


5- Bitcoin differs from traditional currencies, which rely on mathematical calculations, rather than the gold and silver standard, where Bitcoin customers use much different software to calculate their value.


6- Bitcoin has continued its recent record highs of over $ 1400 for the first time ever.


7- Some billionaires have devoted 10% value of their wealth to invest in digital currencies in general.


8- Bitcoin has recently risen to its highest price level ever, reaching $ 1800, increasing its market value in a short period of time from $3 billion to $ 29.53 billion.


Definition and properties of Ethereum

1- A well-known researcher and programmer, Vitalik Beuterin, launched Ethereum in the early part of the year 2013.


2- It was not until 30 July 2015 that it was launched.


3- The project was developed by a Swiss company in 2014.


4-This currency has experienced a strong appreciation of 50% for almost two years.

5- The start of trading was in 2015 and cannot be used for traditional financial activities.


6- The success of "Ethereum" has not been by accident or easy, as demand for and circulation of virtual currency has recovered since the beginning of 2016.


7- Its value rose strongly simultaneously, with capital flows attracting.


8- At the beginning of 2017, it was worth about $7 billion.


9- Its value has increased by more than 2800% since its inception in 2015.


10- The value of the Ethereum jump has reached about 500% since the beginning of last year, until the end of March this year.


11- The volume of trading on Ether varies from time to time. Sometimes the value of trading on Ether is about $ 100 000 per day, and at other times it can reach $ 600 million in the same setting.


12- The Swiss people are the most sought-after people on the Internet, followed by Venezuela.


13- Over the past few years, many trading platforms have started offering "Ethereum" such as

  • “Poloniex”
  • Kraken, Coinbase, and others depending on the numbers.

14- In various global markets, Ethereum has many customers and, with the full certainty of many, it has become the future of transactions.

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