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The funny thing is there's a competition going on between Ethereum and Bitcoin, but most of the time people consider ETH and BTC the coke and the pepsi of crypto. Yes, they are No. 1 and No. 2 in terms of total market cap and public notoriety. But when you dive into the details, you’ll find that these 2 concepts actually serve completely different purposes. It might actually be more accurate to make a Coke versus apple juice comparison when talking about these 2 seminal platforms.
But let's make it clear to some,
* Bitcoin is a cryptocurrency; Ethereum is a platform.
* Transactions are much faster on the Ethereum network than on Bitcoin’s.
* Ethereum was created as a complement to Bitcoin but ended up as competition.
It is essential to understand that Bitcoin and Ethereum are fundamentally different ideas. Bitcoin is a store of value. Ethereum is a decentralized platform to program other decentralized ideas.
But let's make it clear to some,
* Bitcoin is a cryptocurrency; Ethereum is a platform.
* Transactions are much faster on the Ethereum network than on Bitcoin’s.
* Ethereum was created as a complement to Bitcoin but ended up as competition.
It is essential to understand that Bitcoin and Ethereum are fundamentally different ideas. Bitcoin is a store of value. Ethereum is a decentralized platform to program other decentralized ideas.
The two of them also have a very big difference in the marketcap! bitcoin is 6x higher than what Ethereum has which imo cant even be called a competition. IMO, its not that its on a competition, both of it is like husband and wife in the market lol. Bitcoin has a lower coin supply and is more liquid than Ethereum but I can say Ethereum has its better technology which even BTC does use.
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You can lose profit sending trading and withdrawing if you are trading a small amount I have $50 worth of Ferum or FRM it will take $6 to send the whole amount to Bilaxy and after you trade it to Eth and wants to withdraw it you will have to spend $12 to withdraw your Eth,
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
now that's $18 gas fees for your $50, my only option is to trade it to other altcoins like DGB or Litecoin which offer $4 to $5 fee you still going to lose $11, that's over 20%.
That's pretty common to happen. This is why most casual traders just leave their assets in an exchange, treating it as a wallet, to avoid losing in profit. Their taking the risk of losing their funds from hacks to avoid that fees. This spells disaster especially when the exchange you are trading with isn't very known. You can do that but it's really not recommended.
I agree
Thats why you should be using a really good exchange instead of using some unpopular and unsecured exchanges which cant help you when hacks happens I want to buy 10k Cardano or 20k Zilliqa?
Which one is good for 1 year,
I want to sell at $10 price.
Which one of these will hit $10 first? Need your honest review.
Ada do not have a working product yet but Zilliqa mainnet is coming.
Which one is good for 1 year,
I want to sell at $10 price.
Which one of these will hit $10 first? Need your honest review.
Ada do not have a working product yet but Zilliqa mainnet is coming.
I think Zilliqa is the best choice for now
But Cardano is doing a good job bit by bit and can see the progress in its price
but best decision is to split it in half and go for both of it