Can Etherium become more expensive than Bitcoin?

They are two cryptocurrencies based on the blockchain system, but that is all they have in common. Bitcoin, thanks to its peer-to-peer system, allows online transactions. It behaves like any other currency, and blocks allow you to know who owns the coins.

Etherium, on the other hand, uses blockchain to create applications that are decentralised and therefore resistant to changes and readings.

In Bitcoin, users mine coins based on pre-programmed algorithms without a central unit to distribute the currency. In Etherium, users work to get coins.

Both Bitcoin and Etherium use blockchain technology, which is not conducive to cyberattacks and guarantees security through advanced cryptography. Looking at the actions of Etherium, one would expect it to dethrone bitcoin. Such a process has been underway since 2015 and so far no one is under any illusions that it will end anytime soon.

In its early days, Etherium was dynamically building an uptrend, which unfortunately has so far failed to come close to Bitcoin’s rise. Online casinos arenacasino.io picked up on this trend and accepted payment in Ether. Looking at volume, i.e. the total number of units that have changed hands, Etherium is actually fast following Bitcoin, but still not fast enough to threaten it. It still leads in volume and capitalisation and is well ahead of its competitors.

Both the former and latter currencies are valued by investors, but Bitcoin has attracted more entrepreneurs because of its relatively stable market position, and a group of investors don’t like to take risks – they are looking for a place to diversify their activities.

Etherium promised to be much more technologically advanced, and indeed the way blockchain is used is much more modern and with more development opportunities. The driving force behind Etherium is probably more efficient trading methods, which Bitcoin has neglected. Etherium is durable and has high commissions.

As a currency, ETH (Etherium) has many more trading possibilities than Bitcoin, including the conclusion of smart contracts. This behaviour makes transfers more reliable for banks, online casinos and other financial institutions. Some major concerns, such as Intel, Microsoft or ArenaCasino, are considering integration with the Etherium blockchain.

This proves the high security status offered by ETH, if the biggest IT moguls are looking for a bridge to establish cooperation.

Bitcoin still holds an undisputed position in the market, and this situation will continue for a long time to come. However, looking at the technological development of Etherium, investing in new blockchain opportunities should be feared to slowly bridge the gap between the two coins.

Bitcoin has built an undisputed brand for itself at this point, but its systems are starting to fall short of the latest technology offered by other exchange platforms. The resource of services is increasing significantly, and they are increasingly being approved by national financial supervisory commissions.