Btc vs eth market cap

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As we have seen already, it is difficult to talk about these two coins without noticing differences immediately. They are considered to be cryptocurrencies, despite the fact that Ethereum is only a cryptocurrency in addition to being something bigger. Another big difference between the two is the way mining works for them.

As mentioned, blockchain technology is at the core of both of these projects. However, the difference lies in their consensus algorithms, as they use different ones. More provided computing power means bigger reward, but also higher resource consumption, which leads to larger bills. Ethereum does things differently, and it uses the PoS algorithm. In other words, it all depends on how many ETH coins you own.

They also do not receive block rewards, but instead, they get network fees as their reward, and this reward is called gas. Another difference worth mentioning is the speed of the two. Ethereum can process twice the amount of transactions per second than Bitcoin, but it also does it much faster. When it comes to their prices, there is also a pretty big difference. Both of these prices were reached in late Both coins suffered great losses in due to a constant bear market, and ETH even lost its place as the second largest coin by market cap to XRP only days ago.

However, neither of these coins is dead, and they are both expected to make a comeback at some point in the near future. Obviously, the two are far too different to be directly compared, and they cannot even be considered rivals. They have different goals in mind, and they serve different purposes. In a way, both of them are number one, Bitcoin is only bigger in terms of value and market cap.

Although, it should be mentioned that Bitcoin has had 10 years to grow to this size, while ETH only had 3. It is possible that both coins will be replaced by younger, more advanced currencies at some point. However, for now, Bitcoin and Ethereum remain among the largest and most popular coins in the space.

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