You may have probably heard of Bitcoin but What about Ether?

There is an arm race going on in the world of cryptocurrencies.
Bitcoin and Ether are leading the market.

Ether is a 3 year old Digital currency and it is the bitcoin’s closest competitor.
Its largely been flying under the radar despite growing at breakneck speed.

Investor has been super confident about bitcoin because it’s nearly tripled the value so far in this year.

But Ether is up approximately 4000% this year.

These both currencies are open source digital currencies use somewhat anonymous transactions. Ether has digital coins just like Bitcoins. They both also saw their share of big volatile moves.

In june 2017 Ether has lost almost all its value from 319$ to 10cents in seconds in a single day.

Bitcoin and Ether both are powered by blockchain technology, but a lot of people think that Ether Technology is way better than Bitcoin technology.

What is blockchain?

It’s like DNA of a digital currency. It’s an online ledger that records every single transaction made.

Blockchain allows the money to be tracked all over the web. So it can’t be copied or counterfeited.

Unlike bitcoin, Ether’s blockchain technology features a key technology called “SMART CONTRACT”.

It doesn’t just track the transactions it program them. We have a touch of this now with automated payments and deposits.

Smart Contract let you exchange not just money….. but property , stock , really anything without having to go through a lawyer, notary or any other service provider.
It cuts out the middle man entirely.

That’s why investor have taken interest in Ether and they think that ETHEREUM is potentially stronger and more lucrative technology, then the one that underpins Bitcoin.

It’s like the ultimate Vending Machine. You make a deposit of the cryptocurrency for the specific product you want, and all the mechanics of the transaction is automated, right down to the Penalty if you don’t hold up your end of bargain.

So whereas bitcoin is all about payment technology…The ETHEREUM blockchain technology has other real-world applications, ranging from** Gambling to Banking**.

That’s why a big driver of the ETHER rally is its popularity among BIG Corporates just like BARCLAYS.

For All the attention that BITCOIN has been getting, it’s clear it’s no longer alone in cryptocurrency conversation.

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