The Wild West Crypto Show Continues
There is not any doubt that Bitcoin has captured the lion's share of the crypto currency (CC) market, which is largely due to its FAME. This phenomenon is much like what's happening in nation-wide politics around the world, in which a candidate captures the majority of votes based on FAME, rather than any proven abilities or qualifications to govern a nation. Bitcoin may be the pioneer in the forex market space and continues to garner almost all of the marketplace headlines. This FAME will not mean that it really is perfect for the job, in fact it is fairly popular that Bitcoin has limitations and issues that ought to be resolved, however, there's disagreement in the Bitcoin world on how best to resolve the problems. Because the problems fester, there's ongoing chance of developers to initiate new coins that address particular situations, and thus distinguish themselves from the approximately 1300 other coins in the forex market space. Let's look at two Bitcoin rivals and explore how they change from Bitcoin, and from each other:
Ethereum (ETH) - The Ethereum coin is called ETHER. The primary difference from Bitcoin is that Ethereum uses "smart contracts" which are account holding objects on the Ethereum blockchain. Ethereum Classic News are defined by their creators and they can connect to other contracts, make decisions, store data, and send ETHER to others. The execution and services they provide are provided by the Ethereum network, which is beyond what the Bitcoin or any blockchain network can do. Smart Contracts can act as your autonomous agent, obeying your instructions and rules for spending currency and initiating other transactions on the Ethereum network.