When it comes to cryptocurrency, there is no denying that Bitcoin is the big daddy. It has been around longer than any other digital currency, and it boasts the largest market capitalization.
But that doesn’t mean that Bitcoin is the only game in town. There are other digital currencies out there that are vying for a piece of the pie, and one of the most prominent is Ether.
So, what exactly is Ether? Ether is the native currency of the Ethereum network, which is a decentralized platform that runs smart contracts. Ethereum was launched in 2015, and it has quickly become one of the most popular blockchain platforms in existence.
In fact, Ethereum is now the second-largest cryptocurrency by market cap, behind only Bitcoin.
One of the key reasons for Ethereum’s popularity is its flexibility. Unlike Bitcoin, which was designed primarily as a digital currency, Ethereum was built with smart contracts in mind.
This has made Ethereum a popular platform for developers to build decentralized applications (dapps).
What about Ether as a currency? Well, it’s important to remember that Ether is not meant to compete with Bitcoin. Rather, it’s intended to be used as a “fuel” for the Ethereum network.
In other words, Ether is necessary to power transactions on the Ethereum network. That said, there is a growing market for using Ether as a currency in its own right.
So, which is better? Bitcoin or Ether? That’s tough to say. They both have their pros and cons.
Bitcoin is more established and widely accepted, but Ethereum has more functionality thanks to its smart contract capabilities. Ultimately, it depends on what you’re looking for in a digital currency.