Bitcoin has gone WILD today! the price has fluctuated $500 in a short period of time. Ethereum and other cryptocurrencies have followed suit and are all over the map. Some have dropped nearly 20%.
The following chart shows you the breakdown as of this posting.
People have been wondering what digital currency they should invest in when there are dips, or opportunities to buy. For those interested in buying one of these currencies, I personally believe there are two options which are the more solid ones. Quite simply, Bitcoin and Ethereum.
Both have advantages and disadvantages, but both have their own place. Ethereum however, seems like it has more upside potential. It's newer and less pervasive, but it seems to address many of the issues people have with Bitcoin.
CryptoCompare has a great breakdown in their guide which is not definitive and does not consider everything. But I do believe it has some good information, particular for those who are new to the scene.
Ethereum differs from Bitcoin in 7 main ways:
In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol.
Ethereum has a slightly different economic model than Bitcoin – Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum.
Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the block size.
Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility.
Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five.
Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation.
Ethereum uses a memory hard hashing algorithm called Ethash that mitigates against the use of ASICS and encourages decentralised mining by individuals using their GPU’s.
https://www.cryptocompare.com/coins/guides/why-is-ethereum-different-to-bitcoin/
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