Bitcoin Vs Ethereum What To Expect In 2018
Bitcoin vs Ethereum What to expect in 2018 Last year was a breakout period for cryptocurrency, with major coins like Bitcoin and Ethereum skyrocketing in value. While cryptocurrency value can be highly speculative, it is also affected by the problems, obstacles, and advances in the underlying blockchain technology. The technology cryptocurrencies are built on can make a large difference to characteristics like transaction fees, use cases, and adoption. Below is a brief look at the technology behind Bitcoin and Ethereum and some ways their respective communities plan to address their respective problems this year. Bitcoin began the year below its all-time high following a steady increase in value throughout 2017. It remains plagued by high transaction fees, backlogs, long transaction times, and various other network issues. Despite this, many Bitcoin proponents consider the cryptocurrency a store of value due to factors including its market share and scarcity and it has delivered impressive returns so far. There have been many proposals to solve Bitcoins transaction issues and network congestion, but many of these have been rejected by the community or resulted in a divisive hard fork. Protocol-level adjustments such as increasing the block size or the introduction of Segregated Witness are difficult problems for Bitcoin core developers , and there is currently no decided base-level solution to the scaling problem. These solutions would be implemented by way of hard forks (which can result in a split and two different cryptocurrencies) or user-assisted soft forks (which require greater consensus and do not result in a divisive split). Many Bitcoin community members instead hope the roll-out of the Lightning Network second-layer scaling solution will resolve this problem Continue reading >>
Ethereum Vs Ripple (xrp): Which Cryptocurrency Will Beat Bitcoin First?
Ethereum vs Ripple (XRP): Which Cryptocurrency Will Beat Bitcoin First? Ethereum vs Ripplethis may seem like a lightweight cryptocurrency encounter when compared to Bitcoin , but one day one of these digital solutions may exceed the value of the pioneer. But how do the two systems compare, and which one is better placed to achieve this? While Bitcoin is still worth far more than Ethereum, the second largest cryptocurrency has at least closed the gap somewhat. Ripple is valued at a mere fraction of either Bitcoin or Ethereum, but is considered to have upside potential due to the nature of the system and the ties it has already made. One of the key aspects in the Ethereum vs Ripple comparison is the way that the two cryptocurrencies market themselves. Ethereum is considered rather similar to Bitcoin, effectively a digital token intended as a unit of exchange. While Ripple has marketed itself as a useful mechanism in cross-border transactions in particular. It is notable that the banking industry has got on board with Ripple perhaps more than any other blockchain product. This is because the financial sector wishes to apply rules to the blockchain that achieve cost-efficiencies and improve profits through the effective deployment of technology. This is partly why there has been such hostility towards Bitcoin, which is essentially a libertarian response to the centralized nature of the banking system. By contrast, Ripple has been criticized by advocates of cryptocurrency for being decentralized, which it is asserted goes against the very ethos of the cryptocurrency revolution. This possibly could be a disadvantage in achieving the sort of breakout value that has already been applied to both Bitcoin and Ethereum. But it will be an advantage in terms of attracting the mainst Continue reading >>
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 >>
Is Ethereum Better Than Bitcoin? Why Or Why Not? Is It Like Comparing Apples To Oranges?
Bitcoins sole purpose is to be the virtual currency of the internet, and uses blockchain to do this. Ethereum was created in 2015 by a man called Vitalik Buterin. Vitalik had the vision of not only having a decentralised cryptocurrency (like Bitcoin) but also allowing decentralised applications to be created on the Ethereum blockchain that use Smart Contracts. The whole idea of blockchain is to remove the power from the third parties and allow the user to control their own data. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk. To understand this better, Im going to give an example of how decentralised apps and smart contracts will change the world we live in: Ill use pizza as my example, because everyone can relate to pizza! Say you wanted to order pizza to your house, you have to create an account, enter your banking details and give the app your address to receive your pizza. Many people overlook the risks that are associated with trusting a third party to handle such sensitive data. If this companys serves are hacked into, the hacker will have your bank details and your address Scary stuff. So, you ordered a chicken BBQ pizza, which is everyones favorite, and they turn up with a ham Continue reading >>
Bitcoin Versus Ethereum: Which Should Be Worth More? - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Lex Sokolin, Autonomous Research's director of fintech strategy, talks with Business Insider Executive Editor Sara Silverstein about the differences between bitcoin and Ethereum. Following is a transcript of the video. Sara Silverstein: What is bitcoin versus Ethereum? Lex Sokolin: So bitcoin is and I'm probably going to upset all the bitcoin maximalists out there, who'll comment about the future but bitcoin is about, kind of, the on-ramp into the crypto world. It's payments, and it's the digital gold. So you can almost think of it as the crypto reserve currency. And it's spectacular at that at payments. Whereas Ethereum is, you know, it's the world's computing platform. It's a blockchain platform that has smart contracts that can be built on top of it. So anything from equities to fixed income to figuring out how your drone is going to charge on an electric station, and buy your pizza. All of that can be built on top of Ethereum. So it's a very different type of platform. Silverstein: And which should be worth more, bitcoin or Ethereum? Sokolin: That's a tough one. It's kind of asking what's worth more money or technology. So bitcoin is essentially digital money. It's the future of how payment should be made. Whereas Ethereum is a new infrastructure on which anything can be put. So things like decentralized Facebook, or the Internet of Things and sensors across all sorts of devices, to more pedestrian things, like initial coin offerings, you know. You can put anything on that platform. Continue reading >>
Bitcoin Versus Ethereum
Bitcoin losing dominance amongst cryptocurrencies. Issues plaguing Bitcoin (Futures markets, China/South Korea). How should investors adjust their portfolio? Bitcoin is slowly losing its dominance in the cryptocurrency market. In the chart above (Bitcoin = orange, Ethereum = purple), Bitcoin (BTC) comprised 85% of the cryptocurrency market in January 2017. One year later, Bitcoin only accounts for 33% of the market. Meanwhile, Ethereum (ETH) has risen from just 5% of the market in 2017, to nearly 20% now. At one point, Ethereum peaked at 32% market share during July 2017. If you look closely at the chart, you can see that whenever Bitcoin trends downwards, Ethereum (along with the others) trends upwards. This is because Bitcoin is the gateway cryptocurrency to other coins. Until now, no other coin was as prevalent in trading pairs as BTC due to its brand name and availability on exchanges that allow users to convert between fiat and BTC. However, Bitcoin is beginning to fall out of favor as exchanges continue to add ETH pairings, which now are almost as common as BTC pairings. Investors should be mindful of this transition, because as Bitcoin's role as the gateway coin slips away, so does Bitcoin's utility. This mean lower prices for Bitcoin as we move forward into 2018. However, this is the least of BTC's woes; there are a few more issues that threaten the long-term value of Bitcoin, and make its competitor-Ethereum-a better investment. Contrary to my expectations, the futures markets did not help Bitcoin's price after their creation. The quotes above are from the CME group. Each contract is worth 5 BTC, which essentially prices out most retail investors, leaving institutional investors as the primary participants. If you compare the "JAN 2018" quote to the "JUN 2018" Continue reading >>
Bitcoin, Ethereum, Ripple And Litecoin: Good Or Bad Investments?
Bitcoin, Ethereum, Ripple And Litecoin: Good Or Bad Investments? Opinions expressed by Forbes Contributors are their own. Cryptocurrency experts remain bullish on the future of major cryptocurrencies. Major cryptocurrencies like Bitcoin, Ethereum, Ripple and Litecoin have been both good and bad investments. They have been good investments for those who purchased them early on before their big run up, and sold them near their all-time highs, back at the end of last year. But they have been bad investments for those who purchased them near the all-time highs, and either sold them in recent weeks as prices dropped, or continue to hold on to them with heavy losses. Thats the past. What about the future? Are major cryptocurrencies good or bad investments? Nathan Worsley,CTOofLocalCoinSwap is one of them, though he sees cryptos more as technologicalinnovationsrather than getrichquick schemes. When you invest in any cryptocurrency you should invest in the technology behind it, says Worsley.Crypto is not a get-rich-quick scheme, it's a technological revolution with the potential to disrupt the fundamental tenets of global financial systems. 7d Price Change For Major Cryptocurrencies Source: Coinmarketcap.com 4/11/18 at 2:30 p.m. Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks Source: Coinmarketcap.com4/11/18 at 2:30 p.m. [Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any Bitcoin.] Worsley likes Bitcoin. Bitcoin is the most battle-hardened network in existence. Bitcoin has withstood the test of time and multiple attacks by well-resourced adversaries,hesays. It is a cryptocurrency which can be relied Continue reading >>
Which One Is A Better Investment, Bitcoin, Ethereum, Litecoin, Or Ripple?
David Friedman , former Banking at Citigroup Copyright 2017 (for the LinkedIn growth hackers who accidentally forget to credit original authors). Bitcoin, Ethereum, Litecoin and Ripple all seem overvalued right now. But if I had to pick one of the four, I would pick: However, banks may just copy Ripple and take it private, hiring the best Ripple developers as consultants, etc. Ripple is also the most centralized, arguably losing some of the benefits of trustlessness that blockchain technology provides. So I'm not sure Ripple's a great bet long-term. But Bitcoin may be a great bet long-term if Bitcoin replaces gold. Gold has a market cap of roughly $7.7 trillion. As the saying goes, be fearful when others are greedy. The total market cap of all cryptocurrencies was $7.13 billion on January 1, 2016. To be clear, Mark Cuban replied to Jared Schaffer, not me. I just happened to see his and Jareds quote and thought it was relevant. Now is a horrible time to buy Bitcoin, Ethereum, Ripple and Litecoin (collectively, BERL). There is no way BERL is worth anywhere near the current ~$215 billion collective market cap. BERL has been massively overvalued for a while now. Avoid cryptocurrencies generally unless you can get in on the presale. Even then, it is a gamble and the terms matter. We're in a cryptocurrency bubble. Bubbles tend to go on much longer than people think they will. Smart Wall Street friends were predicting the mortgage bubble would crash back in 2003. They were 5 years early. Bubbles always pop. No one knows when. The reason BERL is overvalued is because no one outside the niche space of cryptocurrencies will miss them if they disappear tomorrow. Theres no clear path to a killer app that can go mainstream. What big, legal unmet need are any of them filling? Potent Continue reading >>
What Is The Difference Between Bitcoin And Ethereum?
What Is The Difference Between Bitcoin and Ethereum? Opinions expressed by Forbes Contributors are their own. Last year, thanks to stratospheric rises in value, lots of people became aware of the existence of Bitcoin, as well as another often-cited up-and-coming cryptocurrency, Ethereum. By market cap they are the two most valuable cryptocurrencies as of writing (and please note that these numbers fluctuate quite a lot), the total value of all the Bitcoin in existence is $143 billion, while Ethereum sits at $88 billion. For perspective that means Bitcoin is currently held at around the same value as Unilever, whereas Ethereum has around the same market value as Starbucks or Walgreens Boots Alliance. I know that you cant really compare a digital currency to a company but it gives some perspective. Also, before we go any further I just want to reiterate that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. While to many Bitcoin and Ethereum are both simply examples of cryptocurrencies digital money transfer systems which use blockchain technology and encryption there are subtle differences in how they work and what they can be used for. If you are looking to invest for speculative reasons, or even more so if you are considering using either platform for business its important to understand those differences, because they could be the deciding factor in which coin (if either) goes on to become a widely accepted standard, and which will disappear into obscurity and worthlessness. Continue reading >>
Why Is Ethereum Different To Bitcoin?
Ethereum differs from Bitcoin in 7 main ways: 1. In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol. 2. Ethereum has a slightly different economic model than Bitcoin Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum. 3. Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the block size. 4. Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility. 5. Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five . 6. Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation. Continue reading >>
Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies
By now, you've no doubt heard about the massive bitcoin rally this year . And you may also have read about other cryptocurrencies, such as litecoin and Ethereum , surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them. All market cap and year-to-date rise figures are accurate as of December 14. But because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it "digital gold" and said it could be a long-term store of value. At the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too . But there is little evidence of widespread use of bitcoin for payments. Ethereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Take a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error. But a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed. Many major organizations are exp Continue reading >>
Ethereum Vs Bitcoin: What's The Main Difference?
12/20/2016 08:56 am ETUpdatedDec 06, 2017 Ethereum Vs Bitcoin: What's The Main Difference? While Bitcoin has long been dominant in the cryptocurrency scene, it is certainly not alone. Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications. The first thing about Ethereum is that it is not just a digital currency. It is a blockchain-based platform with many aspects. It features smart contracts, the Ethereum Virtual Machine (EVM) and it uses its currency called ether for peer-to-peer contracts. Ethereum's smart contracts use blockchain stored applications for contract negotiation and facilitation. The benefit of these contracts is that the blockchain provides a decentralized way to verify and enforce them. The decentralized aspect makes it incredibly difficult for fraud or censorship. Ethereum's smart contracts aim to provide greater security than traditional contracts and bring down the associated costs. The smart contract applications are powered by ether, Ethereum's blockchain based cryptocurrency. Ether, as well as other crypto-assets, are held in the Ethereum Wallet, which allows you to create and use smart contracts. The system has been described by the New York Times as.. "a single shared computer that is run by the network of users and on which resources are parceled out and paid for by ether." Implement Smart Contracts With Your Own Cryptocurrency Ethereum allows you to create digital tokens that can be used to represent virtual shares, assets, proof of membership and more. These smart contracts are compatible with any wallet, as well as exchanges that use a standard coin API. You can copy the code from Ethereum's website and then use your tokens for many purposes, including the repr Continue reading >>
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 >>
Cryptocurrency Chart Analysis - Bitcoin, Ripple, Litecoin And Ethereum
Cryptocurrency Chart Analysis - Bitcoin, Ripple, Litecoin and Ethereum March 23, 2018, 12:00:00 PM EDT By Nick Cawley, DailyFX Bitcoin, Ripple, Ether, Litecoin - News and Talking Points - Bitcoin and Ripple Continue to Struggle. - Ethereum and Litecoin May be Finding Short-term Support. To see how traders are currently positioned in cryp tocurrencies and what it means for the market looking ahead , check out the IG Client Sentiment page. Bitcoin has had another struggle this week with the price falling back to this week's low ahead of the weekend. Upside remains limited with resistance around $9,260 acting as a strong barrier, while the downside target of $6,000 remain intact after BTC broke the 78.6% retracement level at $8523. The stochastic level has also turned lower from its current extremely overbought level, leaving further downside on the cards. Bitcoin is also in the process of forming a very negative 'death cross' formation which would add extra credibility to calls for lower prices. Bitcoin (BTC) Price Chart in US Dollars (November 1, 2017 - March 23, 2018) Ripple Remains Weak and May Re-Test Recent Lows Another token t hat seems unable to push higher with last low around $0.54 the first target. Below this the December 22 low of $0.42 comes into play before a possible complete re-trace of the December 7 - January 4 rally back to $0.20. Resistance between $0.72 and a cluster around $0.78 should prove difficult to break back above in the current environment. Ripple (XRP) Price Chart in US Dollars (November 13, 2017 - March 23, 2018) Ethereum Trades Around Fibonacci Re-Tracement The second-largest digital token is currently battling with 78.6% re-tracement at $524 after its recent heavy drop. While the chart still looks bearish - the down channel from the Janua Continue reading >>
Ethereum Price Predictions 2018: Cryptocurrencys Value Could Triple (how High Can The Price Of Ethereum Go In 2018?) Ethereum News -tue May 08
Ethereum Price Predictions 2018: Cryptocurrencys value could triple (How high can the price of Ethereum go in 2018?) Ethereum news -Tue May 08 Ethereum Price Predictions 2018: Cryptocurrencys value could triple in 2018 Ethereum co-creator Steven Nerayoff says the cryptocurrencys value could triple in 2018. Ethereum co-creator Steven Nerayoff said businesses in a wide variety of industries are starting to take note of what value ethereums protocol could offer them. Nerayoff attributes increased usage to ethereums ability to process transactions more quickly and cheaply than its rival. Nerayoff said increasing interest in cryptocurrency will stimulate value for ethereum in 2018, regardless of whether it overtakes bitcoin. Ethereum co-creator Steven Nerayoff says increased projects built on the cryptocurrency could trigger a flippening in 2018, in which ethereum overtakes bitcoin. What youre seeing with ethereum is exponential increase in the number of projects there are billions of dollars being poured into the ecosystem right now maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year, Nerayoff said Monday on CNBCs Fast Money. While bitcoin was designed to function as a peer to peer electronic payment system, ethereum was designed for smart contracts that execute when specific conditions are met. Nerayoff, who helped craft token sales for the ethereum project, said businesses in an increasingly wide variety of industries are starting to take note of what value Ethereums protocol could offer them. Youre seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now youre seeing it becoming increasingly more creative you find p Continue reading >>