The Wild West Crypto Show Continues

· 1 min read
The Wild West Crypto Show Continues

There is no doubt that Bitcoin has captured the lion's share of the crypto currency (CC) market, and that is largely because of its FAME. This phenomenon is similar to what's happening in nation-wide politics around the world, where a candidate captures nearly all votes based on FAME, instead of any proven abilities or qualifications to govern a nation. Bitcoin is the pioneer in the forex market space and continues to garner the vast majority of the marketplace headlines. This FAME does not mean that it is perfect for the job, in fact it is fairly well known that Bitcoin has limitations and issues that ought to be resolved, however, there is disagreement in the Bitcoin world on how to resolve the problems. Because the problems fester, there's ongoing chance for developers to initiate new coins that address particular situations, and therefore distinguish themselves from the approximately 1300 other coins in this market space. Let's look at two Bitcoin rivals and explore how they differ from Bitcoin, and from each other:

Ethereum (ETH) - The Ethereum coin is known as ETHER. The main difference from Bitcoin is that Ethereum uses "smart contracts" which are account holding objects on the Ethereum blockchain. Smart Contracts are defined by their creators plus they can connect to other contracts, make decisions, store data, and send ETHER to others.  Ethereum Classic News  and services they provide are provided by the Ethereum network, which is beyond what the Bitcoin or any blockchain network can perform. Smart Contracts can become your autonomous agent, obeying your instructions and rules for spending currency and initiating other transactions on the Ethereum network.