Ever since Ethereum appeared on the scene in 2014, technological and financial commentators have been comparing it with Bitcoin. Some have been obsessed with a phenomenon known as the flippening, and there are respected and influential players in the market who say it is a case of when, not if, Ethereum will become the king of crypto.
To get a better picture of whether they are right and the potential implications, it is necessary to take a step back and examine the differences between these two technologies, and the purposes for which they have been developed.
All currencies are not created equal
Cryptocurrencies have generated significant interest in the trading and investment world. Their highly volatile behavior has provided an opportunity for investors who buy Bitcoin or altcoins at the right time to make eye-watering gains. However, while the investment market might simply list Bitcoin, Ethereum, Litecoin and all the rest in much the same way as it lists the USD, GBP and EUR, this clouds the more fundamental differences between the main cryptocurrencies.
Bitcoin – a new currency for an online age
Ask any well-informed 12-year-old what Bitcoin is, and they will tell you it is a digital currency. It’s just like the money …