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Showing posts from July, 2017

How Bitcoin and etherium are different.

   (POST CREATED FOR BRAIN CHANGE) With the hype over Facebook  I doubt anyone wrote these words: “Instead of social media, you should invest in cryptocurrencies.” As it turns out, that’s exactly what you should have done. Bitcoin and etherium are experiencing an intensive inflation which the world has never witnessed before.Bitcoin has been dominating most of the market but now faces a tough competition from the 2015 introduced etherium. Coexistent or in a state of Competition  Pacific coexistence is a tale, both Bitcoin and etherium are competing against each other to get new users every day every minute. Ethereum has grown into a modern trading and investment instrument, causing the danger to the bitcoins dominance. Ethereum’s daily trading volume is currently about 1/5th that of Bitcoin. Block Time. Bitcoin has a Proof of Work blockchain which is currently composed of 1-megabyte blocks. These blocks are mined on average every 10 minutes by SHA-256 hashing. Bi