Categories: Software

Bitcoin vs. Ethereum – Cryptocurrency Method of Payment

Cryptocurrency is the new method of payment that people prefer nowadays, at least in some cases and scenarios. Investors started preferring using cryptocurrency because it offers them an extra layer of protection in this dangerous and uncertain global economic landscape.

And perhaps the most popular such currency is bitcoin. Bitcoin has been used for years now for various transactions, some legal, others not so much. But the truth remains all the same: bitcoin seems to be one of the most popular forms of payment on the World Wide Web.

But there’s a new name in the game. Ethereum is another form of cyrptocurrency that is starting to gain popularity among investors and the likes of them. As far as the surface level si concerned, these two types of currency seems very similar with their blockchain technologies, decentralized public records and other elements that lie at the core of all these safe and encrypted transactions.

However, when we move past the surface tech and into deeper things such as field of use and purpose, the differences between bitcoin and ethereum start shaping up. For one, bitcoin is primarily used for consumer payment transactions. This means that bitcoin is a form of cryptocurrency that is preferred by individual consumers when buying or exchanging or doing any other sort of financial transaction.

But ethereum’s influence seems to extend way past that. Due to its unique way of approaching cryptocurrency standards, ethereum is much more appealing to the corporate world. Thus, many companies are jumping on board with this new form of moving money around, and it seems that the value of this particular currency is increasing because of it. Even though bitcoin doubled its value in 2017, ethereum’s market share went up by a whopping two thousand percent. That’s certainly a considerable amount of progress.

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Published by
Ricky Baker

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