Nowadays, people have come across the easiest way of earning money by just investing or trading in Cryptocurrencies. Everyone wants to earn cash, so now everyone has started trading, some are earning, but most of them are losing because they have zero knowledge. Another thing that is getting a huge amount of attention these days is: Bitcoin or Ethereum. We all know that these two are the leading Cryptocurrencies in the market today. However, now the question is which one to buy because, Bitcoin is the most famous type of Cryptocurrency having the highest market capital. Similarly, Ethereum has learned a lot from Bitcoin and is now giving more benefits than Bitcoin. So, it is also quickly on the verge of becoming the 2nd best Cryptocurrency.
Before we move to Bitcoin and Ethereum, we will discuss the Crypto Genius Website. It is one of the best trading websites and famous because of the additional benefit they provide to their clients. So, if you have less knowledge about Crypto and still want to earn money, then this website is perfect for you. You need only to sign up and get a $1,000 joining bonus.
Bitcoin was the first one to enable peer-to-peer transactions. It is claimed that Bitcoin is in high competition with other online payment methods. People prefer Bitcoin as a payment method because they don’t have to pay high transaction fees, and the most valid thing is you don’t have to share any details when you are transferring a huge amount too.
Ethereum also works the same way Bitcoin does, but in addition, it provides a stage where you can build smart contracts (a contract where you can exchange anything valuable such as shares) and can also do a lot of things.
The best thing about Bitcoin is that the transaction fees are optional. If you have urgency, you can pay the miner and ask him to give you special treatment. On the other hand, paying Ether for every successful transaction is mandatory.
Bitcoin takes on an average of 10 minutes to add a block on the blockchain, whereas Ethereum takes just 15 seconds. The Hashing algorithm of Bitcoin is SHA-256, and Ethereum uses Ethash.
There are almost 18 million Bitcoins in existence, and Ethereum has nearly 118 million Ether. Even after crossing 100 million, Ethereum’s market cap is still not closer to Bitcoin, and Bitcoin has a market capitalization of $785 billion, whereas Ethereum has just $375 billion.
The Bottom Line
You can’t compare Bitcoin with Ethereum because both are performing well in their zone. You have to select a currency that fulfils your requirement because both they work on peer-to-peer transactions. If you are thinking of investing money for the long run, you can select a coin based on market capital and history.
If you are interested in trading, you should see which coin is performing well on a specific day, as your main motive is to earn money. Before you invest money, make sure you have proper knowledge about it, as it involves financial risk.