Last year, most of the information about Bitcoin (Bitcoin) was discovered because its cosmic growth rate was another currency, which talked about many things, it is wind (Earth / USD).
These two crypto-currencies have the highest market capitalization. At the moment (although it is important to understand that these figures are too bright), the total cost of all existing Bitcoin is $ 183 billion and Ether - $ 92 billion.
To compare: This means Bitcoin currently costs Unilever and Airtime is the same market value as the Starbucks. Yes, it is wrong to compare digital currency with the company, but it is possible to understand all the scales.
Before proceeding, it is necessary to reproduce that investment in cryptokeyes or tokens is inadequate, and the market is highly volatile. Anyone who wants to earn money in it, should be ready to lose all the investments.
Although the words "Bitcoin" and "Ether" - the cryptocurrency or digital money transfer system uses blockchain technology and encryption - people understand the same thing though there are little differences for how they work and what to use.
You want to invest in speculative reasons - and especially if you plan to use one of these platforms for business - it is important to understand this difference, because these factors can decide the fate of the currency, if it becomes accepted value or sink into obscenity.
Let's start with the basic. The word "crypto-coin" was used to identify a new class asset. In a sense, this is not quite right, because the currency is something that we can use to buy goods or services and most of the crop currency can be exchanged for another crypto currency.
In this way, although they are not strictly a coin, they are definitely assets, because they have value and can be sold in dollars, pounds and euros. It reminds the gold, which is not always accepted as a payment, but no one will adapt to it that it has value.
However, in contrast to gold, crypto currency is only available in the digital world. How can we consider it real?
Basically, thanks to the standard for crypto currency value math. If it's easy to explain, a crypto currency (and over 1000) is a very complex algorithm. The result of each algorithm is the owner of the corresponding crypto currency unit. (This process is known as "block").
Bitcoin was the first success in creating a coin (or asset) on a blockbuster and resolved the double-digit cost of digital resources. Digital information can be copied and distributed indefinitely - but how can people "copy and paste" more money themselves in this case?
This problem has been resolved in two ways - encryption and distribution.
The use of public and private keys is that all transactions are publicly available (although it is necessary for verification), but with appropriate use it can only edit some parts of the blockroom.
The extent of the blockage - Verbally the algorithm is launched on millions of devices simultaneously - this means that there is a need for consensus to ensure changes.
In other words, if you are the owner of 5 bits cakes and you want to receive information about "copy and paste" this information, so that you get 10 bitcoins, nothing will work. This will not work, because the network knows (because you do not have the right private key) that this extra 5 bitcoin is not connected to you.
What is the difference between Bitcoin and Ether?
Bitcoin was the first real crypto coin, and it has been circulating since the year 2009. Ether - This is a new development, which was born in 2015.
During the publication of Bitcoin and Ether, many crypto coins were published. Basically, however, they were limited to trying to do something in Bitcoin - for example, to increase transaction speed, security or privacy.
Must be faster than Ether Bitcoin - Transactions take a few seconds, not minutes. But he does not stop like this. It still works as a means of creating and storing based on Blockbuster, but supporters see it as a platform for distributed computing, which comes in its own built-in currency, in fact "ether."
Blockchain Bitcoins is a database user account (or money pouch) money pipe, network blockchain ethereum can be represented as exchange for each stored volume - a complex structure, which can use processor power to save computer code and execute instructions. "Ether" is the power of the coin processor, so the idea is that business, government and individuals will be able to launch their services to get the resources of the huge Etherem network and buy Air.
The first of these applications are known as "Smart Agreements". This is a way to contract and automate the contract - when the relevant conditions are met, their execution takes place. This process can be used everywhere, for example, to make payment systems in order to pay for the completion of the work or to transfer goods after payment.
The etherium network lets you create another crypto-currency or token that uses the same protocol for ether, but distributes to different blocks that may be public or private, meaning they can be used for voting, as well as for identity verification or approval.
Is it worth investing in Bitcoin or Ether?
Nobody has the right to decide how you spend money. But if you still want to play on the crypto currency there are some common tips.
Finally, depending on the long-term increase of a crypto currency (or even business) availability of useful applications for its assets.
If Bitcoin becomes a common currency, or if the Ethiopian network becomes ideal for controversial computing, then the value of these assets can be increased.
On the other hand, there is always someone in the world of technology who breathes back in your back. New and more efficient algorithms can replace bitcoin or bone.
In addition, both currencies are under threat of state control. At the beginning of the year, hard work of China, India and South Korean efforts has led to the decline in many cryptosystems (including two).
It is clear that in the last 5 years, the sharp increase in prices is mainly associated with speculative investment. People are hoping that Bitcoin and Ethers will be able to sell them for the bigger money in the future. It is a recipe for inflated prices and an inevitable fall-something that is believed to be around, just near the corner
Ultimately, the durable growth will depend on useful applications. More and more companies are taking Bitcoin as a payment method, and more and more services are being used by ethereum network
