Dubai – Saad Mahmoud – Friday, 20 January 2023 09:13 – The cryptocurrency market is relatively new to some extent. Although many real sector companies have started to apply blockchain technologies in their activities, it has not yet received wide application. Talking about people’s daily life and needs, it is too early to say that cryptocurrency is widely used so far. However, most people have probably heard of Bitcoin and Ethereum without delving into the details. In this article, we will briefly explain what both leading cryptocurrencies mean and where to exchange ETH for BTC.
Bitcoin and Ethereum are the two digital assets that account for 57% of the total cryptocurrency market. As of November 2022, the price of Bitcoin is $18,159, and the price of Ethereum is $1,262.
facts about bitcoin
Origin was created in 2009 by an unknown person or group of people named “Satoshi Nakamoto”; The founder of Bitcoin is still unknown. Bitcoin is the leader in the digital currency market and is often the driving force behind the entire industry. BTC issuance is limited to 21 million coins and the last satoshi will be minted in 2140.
Facts about Ethereum
After Bitcoin, Ethereum appeared after 6 years. The founder of this asset is Vitalik Buterin, a famous and well-known person in the crypto industry. Ethereum is not just a cryptocurrency – it is a whole network on which developers build their own applications and smart contracts, which is why Ethereum has gained wide application and is very popular among decentralized software developers. As with BTC, ETH emissions are limited.
In the fall of 2022, the Ethereum blockchain merged, so it now runs on the Proof-of-Stake consensus protocol. It significantly helped to reduce electricity consumption by 99.992%. So, it would be profitable now to use the Ethereum network to create decentralized applications:
- POS consensus enables cheaper transactions and lower fees.
- Faster transactions.
- security.
- Possibility to bet on coins.
- There is no cost for mining equipment.
In conclusion, we can say that both assets are worth investing in because they are market leaders and have the best chance to rise again the next time the market trend changes. You can buy cryptocurrencies on the WhiteBIT platform, as well as trade over 400 cryptocurrency pairs, including ETH to BTC.
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