Bitcoin has been one of the hottest topics in the past year. Bitcoin was invented by an unknown person who goes by the name of Satoshi Nakamoto. It is a peer to peer electronic cash system that is decentralized and uses a public ledger. The ledger is known as the blockchain and it is maintained by all users of the system. Bitcoin is traded on exchanges around the world.
Ethereum is a new cryptocurrency that is based on the blockchain technology. Ethereum is designed to be a decentralized platform for building and deploying applications with smart contracts. Smart contracts are computer programs that automatically execute when certain conditions are met. They can be used to automate agreements between parties, remove the need for a middleman, and allow the transfer of funds directly from one party to another.
The price of Ethereum is not fixed and there is no central authority that controls it. There are two different types of Ether coins. One is called Ether Classic and the other is called Ether. Ether Classic is based on the same protocol as Bitcoin but it does not have the same value. The other type of coin is called Ether. This coin is based on the ERC20 token standard. The standard allows developers to create their own tokens and use them on the Ethereum network.
Ether is traded on exchanges around the globe. Unlike most other currencies, the price of Ether is determined by supply and demand. This means that the price fluctuates depending on how many coins are available and how much people want them. The supply of Ether is controlled by the number of coins that exist. When more coins are created, the price will rise. When fewer coins are created, the price falls. This makes it very difficult to predict the future price of Ether because it is so dependent on supply and demand.
Ether is the second largest cryptocurrency by market capitalization. It is currently worth $1.6 billion and it is expected to reach $5 billion by the end of 2017. In comparison, Bitcoin is worth $5 billion today. It is the most popular cryptocurrency and it has the largest market cap. It is also the most valuable cryptocurrency because it has the highest value per unit.
There are a few differences between Bitcoin and Ether. The first difference is that the block size limit for Bitcoin is 1 MB while the block size limit for Ether is 2 MB. The reason for this is that Ether uses a different mining algorithm than Bitcoin. This is called Ethash. The second difference is that the transaction speed of Bitcoin is faster than the transaction speed of Ether. This is due to the fact that Ether has a lower block time than Bitcoin. The block time is the time between blocks. This means that Ether takes longer to produce blocks. The third difference is that Bitcoin is a deflationary currency while Ether is an inflationary currency. This means that the value of Ether increases every time a block is produced.
There are some similarities between Ether and Bitcoin. Both are decentralized currencies. Both use the same mining algorithm. Both use the same proof of work system. Both use the same block time. The only difference is that Bitcoin uses a limited supply while Ether uses an unlimited supply. This means that if the supply of Ether increases, the value of the coins will increase. If the supply of Bitcoin decreases, the value of the coins decreases.