Ethereum is the second largest cryptocurrency after Bitcoin. Lately, its price has moved very well, which gives it an increase in popularity, with people having more confidence in owning Ethereum.
Ethereum being a solid blockchain-based platform, is involved in supporting smart contracts, it gives it the opportunity to support and launch new cryptocurrencies, makes it possible to finance new projects that certainly strengthen its popularity and increase its price.
Why Ethereum is more accessible than Bitcoin
To understand Ethereum more easily, you can compare it with your own mobile phone. There are thousands of applications on smart phones that can perform countless functions: from an application that can alert you to the latest cryptocurrency projects launched to the nearest cafe no matter where you are or what city you are in that moment. Perhaps the advantage over bitcoin is that Ethereum has implemented smart contracts, which allow developers to run applications directly on the Ethereum blockchain.
Because smart contracts are almost unlimited and with each passing day their development is getting faster and faster, we should keep in mind some trends that have priority: On certain platforms the user must deposit funds in order to make transactions.
Let's not forget there are platforms that reward you with interest if you have a certain amount of money, or rather you have a strong trading turnover. I also take into account the possibility that wherever you invest more or less you can not avoid the attack of hackers, who are always concerned with inventing new possibilities to create new codes that can break the system.
The key differences:
While both Bitcoin and Ethereum networks are powered by the principle of distributed registries and cryptography, the two differ technically in many ways. An ether transaction is confirmed in seconds compared to the minutes for bitcoin and the algorithms they run. Ethereum uses ethash, and Bitcoin uses SHA-256.
While bitcoin was created as an alternative to national currencies, Ethereum was designed as a platform to facilitate immutable contracts and applications, through its own currency. If it can be called a common point, I think that over time and not too far away these virtual coins will replace the classic paper money or physical coins.
Ever since Ethereum was launched in mid-2015, it has always been behind Bitcoin. The data shows that Bitcoin is better rated. But Ethereum is in great development, who knows if at some point it will be very close to the so-called king currency: Bitcoin.
Thank You
