Bitcoin and Ethereum, the de facto cryptocurrency leaders, have firmly conquered the world of the cryptocurrency market. What are their features? Which of them to choose? The fact is that other cryptocurrencies are much closer to Bitcoin and Ethereum than Bitcoin and Ethereum to each other. Nonetheless, let’s try to figure it out.
Ethereum vs Bitcoin: An Overview
Bitcoin (BTC) is the main decentralized digital blockchain-based cryptocurrency with a market capitalization of more than $638,488,720,800, launched in 2009 by a mysterious Satoshi Nakamoto. Although BTC was not the first version of a digital currency, it has come to be known as a predecessor to all cryptocurrencies launched over the past decade.
Bitcoin payments are processed by computers linked through a shared ledger. All transactions are recorded into a “blockchain” of each computer.
Ethereum (ETH), launched in 2015 by Vitalik Buterin, is a blockchain-based open-source decentralized platform, used for its cryptocurrency, Ether, the second-largest cryptocurrency by market cap after bitcoin. It is also a LEDGER technology that is used by companies for building new programs.
On the one hand, Ether and bitcoin have much in common: each is a digital currency traded via online exchanges, both are decentralized (not issued or regulated by anyone), both use the distributed ledger technology, better known as the blockchain. On the other hand, there are also many global distinctions between the two crypto leaders.
Key differences between Bitcoin and Ethereum
Continue reading in the NOWPayments blog!
__________________________________________
Why use NOWPayments.io?
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.
- Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins and a donation button are all easy to integrate;
- It is a non-custodial service ensuring the security of your funds;
- A very simple setup
Crypto happens?—?accept it NOW!
