Cryptocurrencies have been making some noise in the past four years, with the rivalry between Ethereum vs Bitcoin at the center of discussion. So far, bitcoin has gotten much of the attention from million sof investors around the world. It is, by far, the biggest cryptocurrency in terms of market capitalization.
Meanwhile, if there would be a bridesmaid to the biggest winner, that would be Ethereum, which has also carved its name in the investment realm because of its unique features.
If you are an investor, would you jump the bandwagon and choose Bitcoin or try something different like the Ethereum?
Let us take a look at the two sides of this competition between Ethereum vs Bitcoin.
Obviously, Bitcoin has first touched the consciousness of people when it was introduced in 2008 by Satoshi Nakamoto, an alias. It was the first born virtual currency in the global market while one of its successors, Ethereum, only showed up by 2015.
In the Ethereum vs Bitcoin rivalry, investors must look closely to their storage features.
Of course, Bitcoin has the edge on this one. Being the most successful and most popular digital asset, investors trust Bitcoin for storing value more than its counterparts such as the Ethereum.
With the reception Bitcoin gets, people became more comfortable in buying, selling, and storing it.
Ethereum, on the other hand, is no less popular. In fact, it is the second biggest in the cryptocurrency market.
Unlike Bitcoin, which has only 21 million, it has continuous and constant supply of coins in the market. This is the main reason why the former has bigger value compare to the latter as much as the law of supply and demand is concern.
In this case, Ethereum gets its nose ahead.
Despite the having bigger capacity to store value, Bitcoin was outperformed by Ethereum in terms of being mode of transfer.
In 2017, two years after Ethereum was introduced, it has instantly become the preferred transactional medium as it recorded twice the volume of Bitcoin in number of transactions.
Built to become a more optimized digital asset, Ethereum allows users to conduct transactions even they are using other types of cryptocurrency, with the transaction costs lower than Bitcoin.Investors may have a hard time choosing side between Ethereum vs Bitcoin but as they continue to develop, you may pick both as investment destinations in the future.