Ethereum: What is RIPPLE and how is it like Bitcoin?
In the world of cryptocurrency, the two most popular and widely used digital currencies are Ethereum and Bitcoin. Both have their own unique properties, benefits and cases of use. In this article, we are immersed in the ripple compared to bitcoin and explore why it is worth considering that investment portfolio.
What is Ethereum?
Ethereum (ETH) is a decentralized, open source blockchain platform that allows you to create smart contracts and decentralized applications (DAPPS). Founded by Vitalik Buterin in 2014 and has since become one of the world's largest and most widely used cryptocurrencies. Ethereum's primary goal is to provide a more scalable, secure and developing -friendly alternative to Bitcoin.
What distinguishes Ripple from bitcoin?
Although Ethereum and Bitcoin are all digital currencies, they differ in their underlying technology, use and characteristics. Here are some key points that highlight what is different from each other:
* Speed : Ethereum block time is 15 minutes and Bitcoin's block time is 10 minutes. This means that Ethereum can process transactions faster than bitcoin.
* Scale : Ethereum has a built -in dimensioning solution called lightning network that allows you to manage a high amount of transaction without central authorities or mediators needed. Bitcoin, on the other hand, relies on the underlying mining network.
* Transaction fees 
: Ethereum transaction fees are generally lower than Bitcoin and becomes more attractive to developers and businesses that require fast and cheap transactions.
* Intelligent Contract Functionality : Ethereum's intelligent contractual platform allows developers to create self -determining contracts with conditional logic that has many applications in areas such as financial, supply chain management and game.
* Decentralized Governance : Ethereum's decentralized management model, known as DAO (delegated autonomous organization), allows community -driven decision -making for certain projects.
Comparison with Bitcoin
Bitcoin is a unique cryptocurrency launched in 2009 by a person or group of individuals, which is a pseudonym Satoshi Nakamoto. Here are some key similarities and differences between Ethereum and Bitcoin:
* Transaction Volume : Bitcoin is significantly higher than Ethereum with about 1 million transactions a day compared to Ethereum 100,000.
* Safety : Both cryptocurrencies use advanced cryptographic techniques to ensure their transactions, but the Bitcoin protocol was more complex and extensive security checks.
* Development Community : Ethereum development community is significantly higher than Bitcoin's, and thousands of developers contribute to its projects.
Why are you worth considering the ruffle
Although Ethereum and Bitcoin have both advantages and disadvantages, there are many reasons why it is worth considering adding ripple to the investment portfolio:
* Scalability : With a built -in scaling solution such as the lightning network, Ethereum can handle a high amount of transaction without being central authorities or mediators.
* Transaction fees : Ethereum transaction fees are generally lower than Bitcoin and becomes more attractive to developers and businesses that require fast and cheap transactions.
* Intelligent Contract Functions : Ethereum's smart contractual platform allows you to create self -defining contracts with conditional logic, which has many applications in areas such as finances, care chain management and game.