Ethereum and Litecoin: Apples and Oranges
Comparing Ethereum and Litecoin is like comparing apples to oranges. They both serve different purposes. However, in few aspects, Etheruem is designed to overcome certain challenges that Litecoin eventually failed to address. In the past few months, Ethereum has climbed up the ranks to become the second largest cryptocurrency. Ethereum efficiently displaced Litecoin which has been holding that position for a very long time to take its place on the list. Litecoin is an altcoin created by Charles Lee. It was released on October 7, 2011. The cryptocurrency was developed to overcome certain....
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When it comes to valuation of any commodity there are two main players in the game, producers and investors. Let's take an example from the real world orange juice market. There are producers, the orange farmers, who utilize their land to create material commonly known as oranges. The primary requirements to produce oranges are land, farming equipment and labor. Add the cost of the resources together and the farmer has a base price in which he is willing to sell them. Orange juice manufacturers are buyers of the oranges to produce a good, orange juice, that we all enjoy from time to time.....
TechCrunch columnist Jon Evans has written a new article on the emerging "Bitcoin 2.0" phenomenon. He describes "strange, interesting, and wildly ambitious" projects like Zerocash, Ethereum and Sidechains, and concludes that the next iterations of blockchain technology could be a big deal. Using the "Bitcoin 2.0" label is sometimes criticized, not last because, strictly speaking, we aren't even at "Bitcoin 1.0" yet (the current version of Bitcoin Core is 0.9.3). I think the critics are mistaking apples for oranges, because "Bitcoin 2.0" doesn't refer to a software release but rather (like....
While the Ethereum Merge failed to move Bitcoin from a price standpoint, the industry believes we have yet to see the effects of its shift from PoW to PoS. It’s been a month since Ethereum said goodbye to an essential feature its blockchain shared with Bitcoin (BTC). Called the Ethereum Merge, the long-hyped upgrade was widely celebrated, with the blockchain ecosystem. However, for the mainstream audience or even for the average trader, it felt more like a Star Wars Day celebrated by sci-fi geeks than an early Christmas.As the Ethereum Merge occurred on Sept. 15, the most extensive....
Will Litecoin ever be able to surpass Ethereum when it comes to market capitalization? Ethereum is now the second largest cryptocurrency after bitcoin in terms of market cap. It dislodged Litecoin from its previous position to take up the top spot among altcoins. As the demand for Ether, the cryptocurrency used by Ethereum protocol increases, there are a lot of questions about its future and comparison with other digital currencies floating around. If we have to compare Ethereum with Litecoin, one can find few similarities and enough differences. What makes this discussion even more....
The crypto market is a confusing space. Not only do investors need to pay careful attention to Bitcoin market cycles driving the overall sentiment, but also to the relationship between BTC and altcoins like Ethereum and Litecoin. As two of the top altcoins with the most longevity in the market, Ethereum and Litecoin can be […]