Difference between bitcoin and etherum

All cryptocurrencies have their own characteristics but recently one coin has come to challenge more than ever before bitcoins. This new player on the market is Ethereum and the reasons for the challenge are easy to understand.

Ethereum emerged to try to correct some of the main criticisms that were made towards bitcoin – especially in terms of security.

What it accomplished to do was to provide safer transactions, more flexible contracts that are compatible with any wallet, with short block times to negotiate (where confirmations are easier). Ethereum is more available than bitcoin as well. Whereas more than two thirds of bitcoins have already been mined, access to ethereum is still widely available. Another core difference between these two coins is that Ethereum allows different developers to raise funds for their own projects. It can therefore be in itself a Kickstarter for a number of projects.

The main advantage of Ethereum is that it is a more secure, flexible, easy to use and transact coin. It has also brought innovations in terms of investment and entrepreneurship. And this is posing a serious challenge to bitcoin’s market cap.