Crypto News Like Desk : If Bitcoin is the king of the cryptocurrency kingdom, then the most worthy candidate to be the queen is Ethereum. In terms of market cap, Bitcoin is the first with 41% market share and Ethereum is second with about 20% market share.
History of Ethereum:
After the inception of Bitcoin in 2009, some weaknesses or downsides of Bitcoin slowly came to the fore. Eg: A transaction takes 10 minutes or more to complete. Bitcoin mining is not environmentally friendly at the same time it consumes a lot of energy and waste. In order to solve these problems, some other crypto tokens were born after Bitcoin. Alt Coin, which is known as Alt Coin, basically means Alternative Coin of Bitcoin. Eg: Early Alt Coins include Litecoin, Monero etc. If more than 19 thousand coins or tokens currently exist in the cryptospace. Then in 2013, a 19-year-old Russian teenager named Vitalik Butarin brought a whole new idea to the cryptospace. Which was a smart contract. After many plans, Vitalik did the ICO of Ethereum in 2015. At that time, the price of an Ethereum was 0.3 dollars.
Details about Ethereum:
In a second position in an industry as promising as cryptocurrency, there is bound to be something special. Or 0. How to start your journey from $3 and achieve the $4000 milestone. But let's know the unknown story of known Ethereum. Bitcoin only tried to decentralize the financial system. Meanwhile, Ethereum is decentralizing the entire Internet world. Let us understand with the help of some real examples. Before the internet was invented, the world had postal communication system. Letters were written on paper and deposited at the nearest post office from where it was carried by someone to its destination. The original email after the Internet was invented. If you write something on one side of the world and send it, it immediately goes to the person on the other side of the world. Even in the early days of the Internet, some people considered it to be the technology of the future, but most people still looked down on the Internet. They considered any product or service based on the Internet to be a scam. But now that leaves the internet People cannot pass an hour. In the same way, even if the future of cryptocurrency or blockchain technology is being questioned, in the near future, like the Internet, cryptocurrency is becoming an integral part of our daily life. And then Ethereum will be the king of this blockchain world. If I tell you how many times the Internet is bigger than email, Facebook, YouTube, Google? But what would be your answer? You might say what compares to the internet. Internet is a whole world. Everything is in the internet. Similarly, Ethereum is a world on which thousands of decentralized applications are being built. How big is the Internet compared to Facebook, YouTube, Google? But what would be your answer? You might say what compares to the internet. Internet is a whole world. Everything is in the internet. Similarly, Ethereum is a world on which thousands of decentralized applications are being built. How big is the Internet compared to Facebook, YouTube, Google? But what would be your answer? You might say what compares to the internet. Internet is a whole world. Everything is in the internet. Similarly, Ethereum is a world on which thousands of decentralized applications are being built.
- Ethereum is an internet of money and payment systems .
- An internet system where users can own their data and your apps don't spy on you and steal your information.
- An internet system where everyone has access to an open financial system.
- An Internet built on a neutral, open access infrastructure not controlled by any organization or individual .
- Launched in 2015, Ethereum is the world's leading programmable blockchain.
But unlike other blockchains, Ethereum can do a lot more. Ethereum is programmable, which means developers can use it to build new virtual applications from it.
These decentralized applications (or "dapps") take advantage of cryptocurrency and blockchain technology. They can be trusted, meaning that once they are "uploaded" to Ethereum, they will always remain as programmed. They can harness digital assets to create new types of financial applications. They can be decentralized, meaning that no single entity or individual controls them. Right now, thousands of developers around the world are building applications on Ethereum and inventing new types of applications, many of which you can use today .
In a word, Ethereum is more advanced than Bitcoin.
