Digital currencies have revolutionized how financial transactions work. All this started with the rise of cryptocurrency Bitcoin, and ever since, we have seen a surge in the number of cryptocurrencies in the market. But if we have to take the prominent names, Bitcoin and Ethereum will first strike the mind. Bitcoin is a pioneering cryptocurrency that triggered the rise of peer-to-peer currency exchange, and later many other cryptocurrencies were making their way into the market. In this blog, we will be focusing on Bitcoin and Ethereum.
Bitcoin and Ethereum:
While Ethereum and Bitcoin both are cryptocurrencies, the use of Ethereum is not merely limited to financial value; rather, it is also a DLT platform that aids the creation of applications. Ethereum developers also work on creating smart contracts, which are digitized and automatic.
Another line of difference between the two is that both BTC and ETH are global currencies. Still, the primary objective of ETH is not to establish itself as an alternative monetary system but also facilitates and monetizes the operation of dApps, and smart contracts.
From the above discussion, we can conclude that the use of Ethereum’s multiple utilities as a cryptocurrency and development platform, Ethereum developers are actively using it to create various applications that can promote the use of Blockchain.
The utility of Ethereum can be deciphered from the fact that there are 247 Ethereum related repositories on Github compared to Bitcoin’s 4. The repository is where the developers collaborate via Github to access project information.
In addition to this, Ethereum is also backed by an alliance of Fortune 500 companies that promote the use of Ethereum and the development of applications based on Ethereum. This collaboration is called The Enterprise Ethereum Alliance.
With so many companies and developers keen on this technology, we can certainly say that Ethereum is ruling the charts. All this is because of the multiple utilities of this technology across the different segments.
What’s next?
While Ethereum may not be infallible, it certainly can positively impact the mode of business operation. In the times to come, we will witness a rise in the demand for Ethereum developers and Ethereum experts. If you are willing to make a career in this domain, this is the right time to enroll in the Ethereum certification program by the Blockchain Council. It is one of the renowned online learning platforms providing a comprehensive course module in Ethereum and Bitcoin. One can also enroll for Blockchain certification for additional knowledge and expertise.
There will be massive growth in the use of Blockchain and digital currency, so if you wish to grow professionally and if you want to be a part of this growing technology, you must enroll for Ethereum certification at the Blockchain Council.
How is Ethereum different from bitcoin? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.