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Ethereum is the second largest cryptocurrency in terms of market capitalization and is at the top of the list for daily traded volume.
Ethereum was created by VitalikButerin in 2014 and is the largest platform for decentralized applications also known as DApps. Ethereum is the platform and Ether is the currency used on the Ethereum platform.Visit this site for bitcoin price.
Like Bitcoin, the Ethereum platform is decentralized and allows people to connect directly through a powerful supercomputer without the need for a central authority.
How does Ethereum work? Ethereum works thanks to Smart Contracts, a set of conditions and actions created by its developers and executed by the network taking into account a set of defined rules.
Is Ethereum still a good investment in 2020? Yes, it is! Due to the capabilities of its smart contracts, Ethereum is very popular and valuable.
Bitcoin is the world’s first and largest and most popular cryptocurrency on the market. It was created in 2009 by Satoshi Nakamoto, an anonymous software developer whose identity has not been revealed to this day.
He had a vision of a separate payment method that could be transferred without using banks. It’s hard to think of a crypto wallet without Bitcoin.
There are several reasons why Bitcoin has always been considered a reasonable investment. Bitcoin is decentralized: There is no central institution that controls the supply of Bitcoin.
Bitcoin supply is limited. The fiat currencies can be printed whenever needed and their supply is unlimited. Bitcoin has a maximum supply of 21 million Bitcoins and more than 18 million have already been mined.
Bitcoin transactions are anonymous. Since Bitcoin is not governed by a central entity, users do not have to identify themselves in order to transact.
However, once confirmed, Bitcoin transactions cannot be reversed, changed, or deleted.
Litecoin is a fork of Bitcoin and a decentralized global open source payment network.
It has an experienced development team working on it, led by Charlie Lee, who worked for Google and Coinbase.
Litecoin is a very innovative currency and has introduced several improvements and innovations in blockchain technology that were later also accepted and implemented by Bitcoin.