CryptoCoinsInfoClub.com

Are Ethereum And Bitcoin Competitors

Bitcoin Alternatives: Ethereum Vs Litecoin Vs Verge Vs Ripple Vs Zcash

Bitcoin Alternatives: Ethereum Vs Litecoin Vs Verge Vs Ripple Vs Zcash

Bitcoin Alternatives: Ethereum Vs Litecoin Vs Verge Vs Ripple Vs Zcash Blockchain is to bitcoin what internet is to email. Besides bitcoins, there are several other services that have been created using the same technology of blockchain Business | NDTV Profit Team | Updated: January 01, 2018 07:40 IST After bitcoin, ripple is one of the largest cryptocurrencies by market capitalization The bitcoin prices may have stabilized but, they still hover around $13,000, a price far too high for a lot of potential investors. The exorbitant price of bitcoins dissuaded hundreds of thousands of potential investors who missed the 2017 rally. The bitcoin prices had jumped in the last month of 2017 in run up to the launch of futures trading by CBOE (Chicago Board of Options Exchange) and CME Group this month. After the futures trading launch, the prices have more or less fallen from the peak of $19,666, a feat achieved on December 17. However, there are numerous cryptocurrencies which are still not as popular and can be bought owing to their affordability. Following are some of the bitcoins' smaller rivals Ripple (XRP): Ripple, one of the largest cryptocurrencies by market capitalization, claims to offer frictionless experience to its customers to send money globally using the power of blockchain. By joining Ripple, financial institutions can process their customers' payments anywhere in the world instantly. The Ripple woos banks and payment providers to use the cryptocurrency for reducing costs. Ripple's price had surged $1 for the first time on December 21. Litecoin (LTC): The market capitalization of litecoin rose from $1 billion in November 2013 to $4.6 billion. What makes a litecoin appealing is that the price of a litecoin (at $277) is still affordable for many such investors, a Continue reading >>

The Motley Fool: Bitcoins Biggest Competition Is Litecoin

The Motley Fool: Bitcoins Biggest Competition Is Litecoin

The Motley Fool: Bitcoins Biggest Competition Is Litecoin Bitcoin should fear Litecoin as its biggest competition according to the Motley Fool. It appears when perusing CoinMarketCap that the biggest competition for Bitcoin would be number two - Ethereum . However, according to the Motley Fool, the biggest risk for Bitcoin may actually come from somewhat lower - Litecoin . Litecoin was created by Charlie Lee in 2011 and uses similar protocols as Bitcoin. According to the analysis, Bitcoin and Ethereum are really after completely different marketplaces. Bitcoin is really designed as a currency and store of value protocol built on consensus, while Ethereum is more of a functional platform that also provides a cryptocurrency for internal transactions. However, per the analysis, Litecoin is essentially the same as Bitcoin - a currency and a store of value. While Litecoin has already completed the SegWit upgrade, and offers rapid transaction times, like Bitcoin, the platform allows for simpler protocol upgrades. While only Overstock accepts Litecoin among institutional-level companies, that isnt the fault of the currency, but a problem of focus. Per the Motley Fool analyst: "Litecoin hasn't been nearly as successful, but that looks to be more a function of its creator, Charles Lee, taking a backseat for years and only recently putting his full effort behind building up his cryptocurrency's use. Whether anything can challenge Bitcoins dominance or not is still not clear. The Litecoin Foundation, however, believes both should function concurrently without any problems since Litecoin focuses more on payments. Although its good to have some exposure on a major media, we dont believe Litecoin is the biggest competitor for Bitcoin. Bitcoin and Litecoin will have different focuses Continue reading >>

The Most Important Cryptocurrencies Other Than Bitcoin? | Investopedia

The Most Important Cryptocurrencies Other Than Bitcoin? | Investopedia

Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer network, its become the de facto standard for cryptocurrencies . The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, includinggreater risk brought on by lesser liquidity , acceptance and value retention. Since Bitcoin prices are soaring new highs, we look at six cryptocurrencies, picked from over 700 (in no specific order) that could be worth your while.(Related reading, see: How Do Bitcoin Investors Combat Price Volatility? ) Litecoin , launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was often referred to as silver to Bitcoin s gold. It was created by Charlie Lee, a MIT graduate and former Google engineer. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer grade. AlthoughLitecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin. Launched in 2015, Ethereum is a decentralized software platform that enables Smart Contracts and Distributed Applications (Apps) to be built and run without any downtime, fraud, control or interference from a third party. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response. The applications on Ethereum are run on its platform-specific cryptographic token, ether . Continue reading >>

Understanding Ethereum, Bitcoins Virtual Cousin

Understanding Ethereum, Bitcoins Virtual Cousin

Technology |Understanding Ethereum, Bitcoins Virtual Cousin Vitalik Buterin was a fan of Bitcoin before he created the Ethereum network and its virtual currency, Ether. Credit Steve Jennings/Getty Images Bitcoin has many cousins and competitors. None have grown more popular than Ethereum, a global computer network with its own virtual currency, called Ether. Ethereum is a global computing network operating according to rules defined by Ethereum software. Those rules allow the Ethereum network to be programmed to complete certain types of computing tasks, with every computer on the network completing the task in parallel to ensure it is done correctly. Generally the tasks involve money. The creator of Ethereum, Vitalik Buterin, has likened it to a global smartphone that can be programmed to operate according to the apps built on top of it. The apps are called Dapps because they are run by a decentralized network of computers. Mr. Buterin says he chose the name because it refers to the hypothetical invisible medium that permeates the universe and allows light to travel. He announced Ethereum in late 2013, but it didnt go into operation until 2015. The Ethereum network has its own virtual currency, Ether. In the simplest sense, Ether are needed to pay the other computers on the network to complete tasks. It isnt free to use the network. People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the networks computing power. What does Ethereum have to do with Bitcoin? Mr. Buterin was a Bitcoin aficionado, and he was inspired by its success. But he set out to build something that could do more than Bitcoin: He wanted to build a system that would make it possible to program more c Continue reading >>

Bitcoin Vs Ethereum: Cryptocurrency Comparison

Bitcoin Vs Ethereum: Cryptocurrency Comparison

Bitcoin VS Ethereum: Cryptocurrency Comparison Last updated on June 14th, 2017 at 08:11 pm Since its release in early 2009, Bitcoin has been the trailblazing leader of the cryptocurrency revolution. Countless imitators have come and gone but Bitcoin remains dominant, despite nearing the current limits of its transactional capacity. Ethereum, created mid-2015, is Bitcoins strongest rival But can Ethereum deliver on the hype surrounding its complicated technology, as well as recover from the recent spectacular failure of the DAO , to usurp Bitcoins primacy? Complimentary or Competing Cryptocurrencies? How valid is the frequent claim that Bitcoin and Ethereum arent direct competitors but rather complimentary aspects of the new, blockchain-based economy? The peaceful coexistence theory holds that the web is vast and deep enough for Bitcoin and Ethereum to carve out their respective niches: Bitcoin specialising in its role as digital gold; offering a dependable monetary system free from unbounded inflation and political intervention. Ethereum evolving into the world computer; a blockchain-based programming language enabling code-based contracts and decentralised applications. In practice, matters are more complex. Given the extensibility of cryptocurrency, neither coin has a clearly defined sphere of operation. There is considerable overlap between their functions and markets, with nothing to prevent user migration. For example, additional layers built upon Bitcoin, such as the Rootstock.io smart contact platform, threaten to trespass on Ethereums playground. Rootstock promises to do everything Ethereum can, with the added security of a two-way peg to the more secure Bitcoin network. Likewise, Ethereum has become a popular trading and investment instrument , infringing upon Continue reading >>

Bitcoins Best Rivals Litecoin, Ripple, Bitcoin Cash, Ethereum

Bitcoins Best Rivals Litecoin, Ripple, Bitcoin Cash, Ethereum

Bitcoins Best Rivals Litecoin, Ripple, Bitcoin Cash, Ethereum Bitcoins Best Rivals Litecoin, Ripple, Bitcoin Cash, Ethereum Here Are Bitcoins Four Closest Competitors Bitcoin is yet to fully recover from its sudden fall from an all-time height of $20,000 of last year. Though it is gradually recovering, however, many investors fear that Bitcoin may prove to be a bubble. This fear is tuning more investors to start considering bitcoins best rivals Litecoin, Ripple, Bitcoin Cash, and Ethereum who are also surging in prices too. While bitcoin still dominates the digital currency market, these rival cryptocurrencies are also making waves with better use cases and speculation that some of them may outperform Bitcoin in the future. Cryptona.co has made a brief note on Bitcoins best rivals and a brief difference between each of them. Price: $924.34 Market cap: $90.3 billion Ether is actually the name of the cryptocurrency while Ethereum is the name of a blockchain company that created the cryptocurrency. However, both are now used interchangeably to denote the cryptocurrency. Though backed by a blockchain like bitcoin, but Ether is slightly different and aimed at a specific use case: smart contracts, which can be set up to carry out commands when certain conditions are met, such as a required number of people agreeing to a payment. Most major organizations and consortium like the Enterprise Ethereum Alliance, which includes companies like JPMorgan and Microsoft are conducting experiment with Ethereums blockchain. Ethereums network not only hosted a cryptocurrency, but also allows computer applications to run on it. Supporters claim it is a more useful development than Bitcoin as it offers a decentralized network on which files can be kept. Ether transactions can be processed mo Continue reading >>

A Comparison Of Bitcoin And Ethereum

A Comparison Of Bitcoin And Ethereum

Bitcoin and ethereum are both experiencing a boom the likes of which this space has never seen before, but are they complementary or in competition with each other? Can it objectively be said one is just better, or do they have their own advantages and disadvantages, serving different niches? There are many different opinions out there saying one way or the other. Here well just try and present the qualities of the two currencies and you can make up your own mind. The below analysis will try and be objective, starting with a quick introduction of bitcoin and ethereum, to then compare them on their monetary aspect from an economical point of view, followed by a technical, or coding, point of view. The analysis them moves on to providing a comparison of the two on security, decentralization, and a catch-all cultural level encompassing general attitudes, to conclude with asking whether they are in competition with each other or whether they complement one another. Bitcoin and Ethereum, a Quick Introduction Before we undertake an analysis of the two currencies and platforms, bitcoin can be quickly introduced as a decentralized global currency issued by code stored across the globe. Some may call it free market money or private money as opposed to state issued currency. Its foundation, on the conceptual level, is the insight of Hayek, a Nobel Prize winning economist who spent all his life studying money and reached an insight which boils to: the regulator of the free market, money, must itself be regulated by the free market. The quick introduction for bitcoin in regards to the coding aspect is that everyone can download a computer program which stores all transactions in a chain of blocks called blockchain through which it can validate you are the owner of the bitcoins whi Continue reading >>

Ethereum Game Cryptokitties Now Has Some Serious Rivals

Ethereum Game Cryptokitties Now Has Some Serious Rivals

Ethereum Game CryptoKitties Now Has Some Serious Rivals Feb 17, 2018 at 10:00 UTC|UpdatedFeb 19, 2018 at 10:25 UTC Some people just aren't that into digital cats. Once the only major ethereum application (or dapp ) to see a large number of users trading " crypto collectables ," CryptoKitties is seeing new competition from projects seeking to issue their own tradable code on the blockchain. Zombies, countries - even crypto celebrities - are now creating whole new markets for exchangeable goods. Indeed, earlier this week, more than $10 million in ether was documented to be circulating within ethereum games, according to data collected by DappRadar . "If 2017 was the year of the ICOs on ethereum, 2018 is the year of the crypto games on ethereum," Iuri Matias, developer of ethereum dapps framework Embark, tweeted . Maybe it should be no surprise, since the items being traded have produced incredible price tags. For instance, the most expensive cats on CryptoKitties are currently worth 100,000 ETH per cat, or $93.4 million at today's prices. Simon Powell, developerof CryptoCountries, one of the games garnering a significant amount of attention, told CoinDesk: "We're in the middle of the crypto gaming craze." And while CryptoKitties is still, by far, the most successful game according to transaction count, it has markedly ebbed since its peak in December. Entering February, some alternatives are attracting higher volumes. Here are the top-grossing games giving CryptoKitties a scare. The slick interface and money-making potential of CryptoCountries puts it first in line as the top-grossing ethereum game today. Billed as offering "world domination on the blockchain," the game allows users to purchase countries on a digital map in what amounts to a twist on the board game class Continue reading >>

Bitcoin Alternatives: Bitcoin Vs Monero, Ethereum, Bitcoin Cash, Ripple, Litecoin And More | Wired Uk

Bitcoin Alternatives: Bitcoin Vs Monero, Ethereum, Bitcoin Cash, Ripple, Litecoin And More | Wired Uk

Bitcoincash/Ripple/Litecoin/Ethereum/CryptoKitties/Stellar/Composite Bitcoins surge may be ending. The cryptocurrency took the spotlight last year, skyrocketing into mainstream consciousness with a massive price rise. Whilst it still holds the highest value, the price of a single Bitcoin halved at the beginning of 2018 and there's no telling where it will go next. In the meantime, here are the alternative cryptocurrencies rising in its shadow and promising something different. Okay, so the first alternative is not that far removed from Bitcoin itself. When Bitcoins market value soared last year, everyone wanted in and started investing. This created a backlog of transactions because miners couldnt add enough blocks in time . Bitcoin Cash split off from the original back in August 2017 to solve the problem. Known as a Hard Fork , Bitcoin Cash works the same, except its blocks were increased from 1mb to 2mb of data to help speed up transactions and keep fees down. Since Bitcoin dipped, however, the price of Bitcoin Cash has gone the same way. Ripple, also known as XRP, is the latest bitcoin rival to enjoy success after a value surge at the end of 2017 , turned it into the second most valuable cryptocurrency by market capitalisation. Unlike the highly decentralised Bitcoin, Ripple has links to financial institutions; it was launched in 2012 for legitimate banks to make global money transfers . Its harder to get than other cryptocurrencies as you have to pay for it with Bitcoin or Ethereum, but it is a lot cheaper, at just under a pound. For now. Ethereum was created by teenaged hacker Vitalik Buterin back in 2014 and quickly rose to cryptocurrency fame. Ethereums coins are referred to as Ether, and just like Bitcoin you can trade your real-world cash for some virtual coin Continue reading >>

Best Bitcoin Alternatives 2018: An Honest Guide To Buying Cryptocurrency

Best Bitcoin Alternatives 2018: An Honest Guide To Buying Cryptocurrency

Bitcoin has turned many pauper into a prince over the years, but the soaring value of the worlds most popular cryptocurrency means many punters are now looking for alternatives. But should you buy Rippe (XRP), Litecoin or Ethereum? Recent data from two popular digital currency tracking sites can help you decide. As can insider warnings The biggest rising crypto-star of 2017 was XRP aka Ripple, according to data from CoinMarketCap. It started 2017 worth a measly $0.0065 per coin (unit?), but was valued at $2.47 by the end of the year a Herculean 37,000% increase. It also enjoys the second largest market capitalisation behind Bitcoin and is now valued at $142bn overall. Bitcoin tots up a $251.4bn market cap, by way of comparison. Ethereum and Litecoin also performed exceptionally well in 2017. Figures from Coinbase show that Ethereum, which is currently hovering just shy of the $1000 mark at time of publication, surged by over 9240% last year. Its market cap now sits at around $100.6bn. Litecoin ($13.2bn market cap), for its part, grew by more than 5195% year-on-year, and was hovering just over $245 on the morning of Friday, January 5 To put this all into context, a single Bitcoin will set you back some $15,550 today. These are the cryptocurrency worlds three fastest risers, and those wanting to dabble without could do worse than to snap up a few still-affordable XRPs. Litecoin and Ethereum are arguably bigger names and will set you back more, but if Bitcoins rise and rise is anything to go by, they could still be far from their ceiling and also represent good alternatives to consider. However, know that the value of digital currencies are subject to major fluctuations far more pronounced than physical monies and high-profile cryptocurrencies have been known to completel Continue reading >>

Why Ethereum Is Outpacing Bitcoin

Why Ethereum Is Outpacing Bitcoin

Image Credit: Wit Olszewski / Shutterstock While Bitcoin is currently trading at close to its all-time high, its dominance in terms of proportion of total cryptocurrency market cap is rapidly decreasing ground largely given up to Ethereum. This shift is probably being driven by a few factors. Despite its recent appreciation in value, as a technology, Bitcoin has stagnated over the last three years. Two rival factions have emerged with violently opposing views on what should be done to allow the Bitcoin network to handle more transactions than it can right now. While Bitcoin has been paralysed by indecision, Ethereum has raced ahead with technology that not only does everything Bitcoin can do faster, in higher volume, and at lower cost it does a lot more besides. As a hard fork looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker, anxious Bitcoin holders are increasingly divesting themselves of Bitcoin to acquire Ether the cryptocurrency that fuels the Ethereum network. The other side of it is that Bitcoin is really only useful as a store of value. Even then, its usefulness for actually transacting value is limited. In a world where people are used to online payments being confirmed instantly, Bitcoin transactions can take anywhere from tens of minutes to several hours, depending on how busy the network is. Its also expensive especially if youre only sending small amounts. The average transaction currently costs about $1.50. Ethereum, on the other hand, was never intended as a Bitcoin competitor. Ethereum is actually a platform for new kinds of decentralized (often financial) applications (dApps) that run on a peer-to-peer network of computers. These dApps are designed to disintermediate the kind Continue reading >>

2018 Will Be The Year Of Bitcoin's Rivals

2018 Will Be The Year Of Bitcoin's Rivals

2018 will be the year of Bitcoin's rivals Bitcoin has had an absolutely insane year. At one point, its price was up nearly 2,000%, from about $1,000 in January to $19,922 mid-December. It exploded in the media and it caught the attention of pretty much everyone from Wall St. billionaires to the average Joe just trying to make a quick buck. Now, however, it's time for Bitcoin to pass the baton. SEE ALSO: Bitcoin tycoon promises to give away $86 million worth of bitcoins to charity I'm not talking about the price; estimating where the price of Bitcoin or any other cryptocurrency will go is pure guesswork . But in terms of development, Bitcoin's progress in 2017 can easily be summed up in three words: Next to none . It's not that the 9-year old cryptocurrency is perfect and in no need of fixing. Quite the opposite; it's painfully slow and transaction fees are horrible . In fact, the only reason Bitcoin hasn't completely broken down is that it's not actually used as a payment platform, and most of Bitcoin trading is essentially virtual. That's right; the millions of daily trades you see flying through exchanges aren't written in Bitcoin's blockchain, the decentralized database onto which all transactions are recorded. If they were, most of those trades wouldn't happen, and Bitcoin's backlog a list of transactions that are still waiting to happen would be a lot larger than the current number of roughly 221,000. Bitcoin has been outgrown in every sense of the word. Yes, it still has the first mover advantage and it still benefits from the unknown identity of its elusive founder, Satoshi Nakamoto . But its underlying technology needs to be upgraded. For a multitude of reasons best described as politics , this hasn't happened in years, and there's little hope that the situatio Continue reading >>

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This Could this cryptocurrency one day dethrone the almighty bitcoin? To borrow and modify a catchphrase from sports commentator Dan Patrick: "You can't stop cryptocurrencies, you can only hope to contain them." Since the year began, the aggregate value of all cryptocurrencies combined has surged from $17.7 billion to a fresh all-time high of $305 billion, as of Nov. 27. In less than 11 months' time, the value of all virtual currencies has risen by more than 1,620%! Mind you, the stock market, inclusive of dividend reinvestment, has historically gained about 7% per year. Digital currencies have absolutely left traditional assets in their dust this year. Leading the charge is bitcoin, which appears to be knocking on the door of $10,000 per coin. Bitcoin began the year below $970 a coin, so it's had an incredible run. Its current market cap of $162 billion actually places it ahead of Dow Jones Industrial Average stalwart General Electric. Bitcoin's biggest competitor isn't Ethereum Bitcoin isn't alone. In fact, CoinMarketCap.com lists 1,327 different investable virtual currencies as of Nov. 27 -- many of which have their very own underlying blockchain. Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary like a bank or credit union. With a low barrier to entry -- i.e., anyone with time, knowledge, and funding can create blockchain -- competition among virtual currencies and their blockchains can be fierce. The biggest competitor to bitcoin and its crypto-empire might appear to be Ethereum. Ethereum has the second-largest market cap of any digital currency, and it's had an even better year-to-date performance than bitcoin. Further, its blockchain is be Continue reading >>

The Best Bitcoin Alternatives | Ethereum, Litecoin, Ripple, And More | Digital Trends

The Best Bitcoin Alternatives | Ethereum, Litecoin, Ripple, And More | Digital Trends

Posted on January 26, 2018 - 10:30AM 1.26.18 - 10:30AM Bitcoin might still be considered the flagship cryptocurrency, upon which many of the other alternative currencies sail in the wake of, but thats not to say its the only viable one. With more than 1,300 different cryptocurrencies out there now though, knowing which ones to put your money into isnt easy. Do you opt for one with a low price so you can buy a lot of them in the hopes of making a fortune? Do you buy the ones with low transaction fees or confirmation times to speed up transfers? This guide isnt about giving you investment advice, but well give you the best bitcoin alternatives based on features and current values. Whether youre looking to use your cryptocurrency to pay for items online or simply want to put some aside to create a crypto-nest egg, these are the best bitcoin alternatives. Before we get into actually recommending alternative cryptocurrencies to bitcoin , it must be stated that investing in any cryptocurrencies, be they new or established is more akin to gambling than traditional investing. Prices can be extremely volatile and though we dont think regulation is going to cause any real problems for the scene its still possible and nobody knows for sure. If you look around online though, you will find plenty of people looking to advise people to invest in sure things. It might be something as niche as Dentacoin , or a new initial coin offering looking for funding. Thats not what were be doing here. While the ceiling for profit is certainly higher on new cryptocurrencies which you can pick up at a fraction of a dollar, in this guide well be recommending tried and tested coins which are less likely to bottom out and ruin your investment. Well be looking for established coins that have proved the Continue reading >>

4 Blockchain Contenders In Competition With Ethereum

4 Blockchain Contenders In Competition With Ethereum

4 Blockchain Contenders in Competition with Ethereum By Joe Liebkind | December 14, 2017 9:00 AM EST The advent of Ethereum created a new paradigm in a still-young blockchain industry and shifted its focus away from cryptocurrencies as financial tools and toward a more utilitarian purpose. With smart contracts on Ethereum and similar blockchains, processes that involve some transaction of data can achieve autonomy while remaining irrefutable and transparent. Startups and mature firms alike have developed ways to use smart contracts to build low-overhead work flows, and creatives are using them in their innovations as well. A recent project on Ethereums platform called Crypto Kitties was the talk of the community for many reasons. The idea behind Crypto Kitties is that people can use Ethereum to trade and breed virtual pet cats via smart contract, which results in some interesting and rare cattributes.The more uncommon a cats trait, the more its worth in ETH. Despite the novelty of the idea, or perhaps because of it, the simple game exploded in popularity. It temporarily managed to take over 13% of traffic on Ethereums blockchain through the Crypto Kitties smart contract. The event slowed down Ethereum significantly and revealed some daunting problems facing its scaling efforts. (See more: CryptoKitties Rule Traffic on Ethereum's Blockchain .) Ethereum has a long road ahead if it wants to achieve its ambition of becoming the worlds decentralized computer."Even Vitalik Buterin, the creator of Ethereum, doubts its current ability to scale, saying, Scalability [currently] sucks; the blockchain design fundamentally relies on bottlenecks where individual nodes must process every single transaction in the entire network. Hes correct. The Ethereum blockchain keeps getting bigg Continue reading >>

More in ethereum