Bitcoin Vs Ethereum: The Ethereum blockchain is used not only to create cryptocurrencies but also for many other purposes.
Ethereum has given a return of 275 per cent so far this year.
If you want to invest in cryptocurrencies, then at present there are about 1500 cryptocurrencies in the world. In such a situation, it is difficult for investors to understand in which currency they should or should not invest. When it comes to cryptocurrency, the first name that comes to mind is bitcoin. Without this the discussion of cryptocurrency seems incomplete. After that the most popular and valuable digital currency is Ethereum.
In this article, we will try to know which of the two cryptocurrencies is better for investors. According to the Coin Desk website, at 2.30 pm, Bitcoin was trading at the level of $ 36125 and Ethereum at the level of $ 2758. Bitcoin had reached the level of 65,000 dollars this year. Although still at the current level, it has given a return of 24 percent in this year. Ethereum reached the level of $4400, but at the current level, it has still given a return of 275 percent this year.
bitcoin first digital currency
First of all, know that bitcoin is considered to be the first digital currency, which was launched in 2009. In this, transactions are done without the help of any third party. Whereas Ethereum is a blockchain based network. The currency based on this technology is called Ether. Ether is the currency with which any product or service can be purchased on the Ethereum network. This is why Ethereum allows developers to use its network to build applications. Ethereum is an open source de-centralized blockchain technology.
Institutional buyers also interested in bitcoin
The way bitcoin’s price fluctuates and the world’s business celebrities – Elon Musk, Jack Dorsey, Snoop Dogg support it or express their displeasure, its price changes drastically. In 2017, the American Security Exchange said that if a celebrity is promoting it, then it is legally wrong. On the other hand, the Ethereum network has been prepared by Vitalik Buterin. He had won a scholarship and started it with that money.
ethereum second generation technology
Blockchain world experts say that the technology of bitcoin is called first generation blockchain technology and ethereum blockchain is called second generation. The Ethereum blockchain is used not only to create cryptocurrencies but also for many other purposes.
Include both cryptocurrencies
Talking about the basic difference, institutional buyers are also getting attracted towards bitcoin. Many big industrialists of the world and their companies have invested heavily in bitcoin. On the other hand, there is not much craze for institutional buyers for Ethereum right now. Although the scope of Ethereum blockchain technology is much larger than bitcoin, due to which its future is expected to be better in the coming days. By the way, investors should include both cryptocurrencies in their portfolio. This will keep the balance.
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