What Can Bitcoin Learn from Ethereum

➤Cryptocurrency economics➤Written in multiple languages➤Improved block times
What Can Bitcoin Learn from Ethereum

Ethereum vs Bitcoin the biggest crypto war so far. Launch of Ethereum was at a much later date than Bitcoin but it has already managed to position itself as the closest competitor of the world's premier cryptocurrency. Here are some of the things that Bitcoin can learn from Ethereum in 2018.

Cryptocurrency economics

Ethereum is still good for investors this year. The rewards from Bitcoin mining halve every four years, while Ethereum still yields the same amount of Ether every year. In addition, release of Bitcoin was publicly when only the early backers owned the majority of Bitcoins. Ethereum, on the other hand, was crowdfunded. As a result, 50% of the mined Ether today belongs to private miners.

Written in multiple languages

Ethereum's blockchain uses the Turing language, which is comprised of 7 different languages. Bitcoin, on the other hand, entirely built using C++, which makes it difficult to improve the network rapidly. While not completely obsolete, there are other programming languages today fit for improving blockchain efficiently.

Ethereum's block times have been improved recently with the introduction of Plasma — a scaling solution that increases the cryptocurrency's computational potential. Ethereum founder Vitalik Buterin in an article by Coinwire, was quoted as saying that the main benefit of Plasma is that the amount of data that clients need to process goes down by a lot. In Ethereum, the current block time is around 15 seconds. Bitcoin, on the other hand, needs about 10 minutes to process transactions.

Presence of the master

Bitcoin's founder is still unknown, making some investors skeptical about its future. One of the reasons why Ethereum is successful and popular is because of the complete transparency of its founder. The presence of Butarin in 2018 helps the cryptocurrency deal with conflicts and issues more effectively than Bitcoin.

Clear Direction

Buterin has a roadmap of where he wants Ethereum to be in 5 years. He is consistently implementing the changes based on a strict timeline, which the community is proud of. Bitcoin, in contrast, lacks direction on where it wants to be in the future.

Answers to social call

There's an Ethereum Foundation that provides grants to developers who want to focus on improving Ethereum's scalability. The foundation is a great way to boost confidence among investors, and at the same time provide a centralized database on how far Ethereum has come.

In conclusion

While Bitcoin keeps leading the industry of crypto currencies, it still has a lot to learn from its smaller competitors, taking the best from Ethereum would probably make Bitcoin success last longer in the Ethereum vs Bitcoin war.

Related articles

Burstcoin – An Energy Efficient Cryptocurrency
Read more April 15 2022
Burstcoin – An Energy Efficient Cryptocurrency
➤ What is Burstcoin ➤ BURST Wallets ➤ How to get BURST?
How To Buy ZCash & Store in ZCash Wallet
Read more April 18 2022
How To Buy ZCash & Store in ZCash Wallet
➤How To Buy ZCash ➤About ZCash ➤How to Buy ZCash
5th PIGZBE Guide: TOP Exchange Platforms
Read more April 18 2022
5th PIGZBE Guide: TOP Exchange Platforms
➤TOP Exchange Platforms ➤Bitfinex ➤Binance ➤Coinbase ➤Exmo
Top crypto offers
Crypto Deposit
aStake
Cripto deposit PhP. Return
Minimum invest PhP. Take
High earning PhP. Overpayment
Deposit methods: Crypto: Fiat Currencies:
Visa Wire Trans MHC USD
0.00% interest rate for new clients
GET LOAN MORE DETAILS
Crypto Deposit
Cripto Credit
Nexo
Power of cripto PhP. Return
Cripto deposit PhP. Take
Cripto credit PhP. Overpayment
Deposit methods: Crypto: Fiat Currencies:
Visa Wire Trans Interac Sepa BTC ETH LTC BCH UCDC EOS USD EUR GBP
0.00% interest rate for new clients
GET LOAN MORE DETAILS
Cripto card
TRASTRA
Payment card PhP. Return
Buy&Pay cripto PhP. Take
App for phone PhP. Overpayment
Deposit methods: Crypto: Fiat Currencies:
Visa Wire Trans Interac Sepa BTC ETH LTC BCH UCDC EOS USD EUR GBP
0.00% interest rate for new clients
GET LOAN MORE DETAILS
Cripto exchange
CoinSmart
Buy cripto 1 min PhP. Return
Crypto in the palm PhP. Take
Access account 24/7 PhP. Overpayment
Deposit methods: Crypto: Fiat Currencies:
Visa Wire Trans Interac Sepa BTC ETH LTC BCH UCDC EOS USD EUR CAD
0.00% interest rate for new clients
GET LOAN MORE DETAILS