Is Ethereum Better Than Bitcoin

The name Bitcoin is now a household word as far as cryptocurrency is concerned. Its rise through the years has made it the most lucrative investment even after the many ups and downs especially in the last one year. But there are challengers to Bitcoin that can make it go down the ranks as the most popular cryptocurrency, maybe not any time soon but over the course of time.

Ethereum was introduced in 2015 and is fast gaining in popularity. To be fair comparing Bitcoin and Ethereum is like trying to compare apples and oranges but the fact remains that both are cryptocurrencies vying for people's attention.

Bitcoin has seen a meteoric rise and some wild fluctuations during its time. While Ethereum has also gained in value since its inception it has been much less than Bitcoin. This has attracted investors who would like to be cautious while looking at the past performance of something that they may be interested for putting in their money.

Bitcoin is symbolized as a currency due to it being the original crypto and is bound to stick around for a long time. But it does not necessarily mean that people will put all their money in it. Ethereum is a platform for decentralized apps and is also inflationary the supply being unlimited.

While buying something online, I recently noticed that though the buyers had initially started out accepting Bitcoin for purchases they have also started taking Ethereum. In fact, the seller told me that he prefers Ethereum. I did not not ask him why but I guess it is because he expects it to rise more in value on the future.

It may be just a perception but seeing the very high purchasing price of Bitcoin many small investors get turned off and become inclined towards Ethereum instead. Due to its latent potential it has grown at a much faster rate than Bitcoin, with Ethereum rising up 4000% as compared to Bitcoin's 300% in 2017.

The creator of Ethereum Vitalik Buterin envisaged it as something much more than just a form of payment. He wanted it to be used to create applications using the platform so that it could provide enhanced value for times to come. Bitcoin was only meant to serve its purpose as a form of currency using the blockchain.

While Bitcoin set the path for decentralization using the blockchain others followed making quick progress in a short amount of time mainly due to the high awareness created by the rise of Bitcoin. Bitcoin Cash is also looked upon as an alternative which is fast catching up. It has a higher value at $1470 as compared to Ethereum at $775, at the time of writing this post. But even though it has some improvements it is regarded as a spinoff of Bitcoin, whereas Ethereum has its own unique identity.

Only time will tell whether Ethereum will be the more popular cryptocurrency as compared to Bitcoin in the times to come.

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