The Wild West Crypto Show Continues

· 1 min read
The Wild West Crypto Show Continues

There is  Ethereum Protocol  that Bitcoin has captured the lion's share of the crypto currency (CC) market, and that is largely because of its FAME. This phenomenon is much like what's happening in nation-wide politics around the world, in which a candidate captures the majority of votes based on FAME, instead of any proven abilities or qualifications to govern a nation. Bitcoin may be the pioneer in this market space and continues to garner almost all of the market headlines. This FAME does not mean that it is perfect for the work, and it is fairly well known that Bitcoin has limitations and issues that should be resolved, however, there is disagreement in the Bitcoin world on how best to resolve the problems. Because the problems fester, there's ongoing opportunity for developers to initiate new coins that address particular situations, and therefore distinguish themselves from the approximately 1300 other coins in this market space. Let's look at two Bitcoin rivals and explore how they change from Bitcoin, and from one another:

Ethereum (ETH) - The Ethereum coin is called ETHER. The primary difference from Bitcoin is that Ethereum uses "smart contracts" which are account holding objects on the Ethereum blockchain. Smart Contracts are defined by their creators plus they can interact with other contracts, make decisions, store data, and send ETHER to others. The execution and services they provide are given by the Ethereum network, which is beyond what the Bitcoin or any other blockchain network can perform. Smart Contracts can act as your autonomous agent, obeying your instructions and rules for spending currency and initiating other transactions on the Ethereum network.